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<br /> <br />. Loan Repayment Delinquency Report <br /> <br />Loan Repayments received relative to the Water Project Construction Loan Program have been reviewed for <br />the period covering July 2001 through August 2001. The effective due date ofthe payment is inclusive of <br />the Board's current 30 day late policy. Hence, the date the payment was received was compared to the last <br />day allowable prior to the payment being considered late. <br />Repayments due for the first two months of Fiscal Year 2002 totaled 48. There were two payments not <br />received on time during this period. The loan payment for Cache La Poudre Reservoir Company was <br />received between 30 and 60 days late. The payment for Pinon Mesa Ranches Community Association is <br />currently overdue for this 60-day period. Thus, the on-time performance for the total repayments due was <br />96% in compliance or 4% not in compliance. <br /> <br />The Town of Starkville is currently two years in arrears. Coon Creek Reservoir & Ditch Company is <br />currently two years in arrears. Pinon Mesa Ranches Community Association had an interest during <br />construction payment due in July 2000, which has not been received to date. The first annual payment of <br />Pinon Mesa was due in July 2001. We are currently working with each of these borrowers to resolve their <br />repayment problems in order to bring them into compliance with their loan contracts. <br /> <br />. <br /> <br />. <br />