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<br />Under this proposed financing arrangement, the District <br />would have to make th~ following yearly repayments <br />during the first 10 Years: <br /> <br />a. Water Resources and Power <br />Development Authority (interest only) <br /> <br />$275,000 <br /> <br />b. Colorado Water Conservation Board <br />Total <br /> <br />349,680 <br />$624,680 <br /> <br />Revenues and District assessments would be sufficient <br />for these payments. If future water sales do not <br />materialize within two vears, how is repayment to be <br />made on the overall proJect (the Board's investment <br />would be covered)? Is the District's tax base <br />sufficient to sustain general obligation bonds? <br /> <br />Attachment <br /> <br />-3- <br />