Laserfiche WebLink
<br />The JID is requesting a 30-year loan from the CWCB. Based on the year 2000 standard <br />agricultural lending of 4% the annual payment is $5,783. To this would be added $578 per year <br />for the first 10 years to fund the emergency reserve account, for a total annual cost of $6,361. <br />Table 3 is a summary of the financial aspects of the project. JID will allocate $0.28 of the current <br />$20.00 per acre assessment to repay the CWCB loan of $100,000. An assessment increase will <br />not be needed. This represents $0.11 per acre-foot, based on average annual diversions 60,000 <br />acre-feet. <br /> <br />a e3. mancla ummary <br />Project Cost $145,000 <br />Loan Amount (90% of Proiect Cost) $100,000 <br />CWCB Loan Pavment Amount, inciudina 10% loan reserve $6,361 <br />Number of Shareholders 155 <br />Number of Shares/Bonded Acres 19,133 <br />Current Assessment oer Share/Bonded Acre $20.00 <br />Future Assessment Der Share $20.00 <br />Annual Project Cost per acre-foot $0.11 <br />(Averaae annual diversions: 60,000 acre-feet) <br /> <br />T bl <br /> <br />F" <br /> <br />. IS <br /> <br />Operation and maintenance costs are expected to decrease with the new diversion structure, <br />and can be accommodated by the Company's existing budget. <br /> <br />Credit worthiness: JID has existing debt as shown in Table 4. <br /> <br />Table 4. Existina Debt of the Julesbura Irrigation District <br />lender Remaining Annual Terms Maturity <br /> Amount Payment Date <br />CWCB (Julesbura Reservoir) $372,950 $22,539 5.00%, 40-years 2036 <br />CWCB (Harmony Diversion) $51 0,469 $28,630 3.75%, 30-years 2030 <br />Nebraska Machinerv $ 22,240 $22,240 Lease 2001 <br />Totals $905,659 $73,409 <br /> <br />Payments on the CWCB loans have been made as agreed. Payments on the Nebraska <br />Machinery lease have also been made as agree, and this lease will be fully paid in 2001, at <br />which time the District will obtain title to the lease equipment. <br /> <br />Table 5 shows the Financial Ratios for the JID and indicates average to strong ability to repay <br />with the project in place. <br /> <br /> <br /> <br />74% <br />$6.75 <br /> <br /> <br />67% <br />$6.75 <br /> <br /> <br />Julesburg Irrigation District <br />Peterson - Lodgepole Control Structures <br />November 2000 (Updated January 2001) <br /> <br />Page 11 of 14 <br />