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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />.. <br /> <br />As it is anticipated that interest rates will drop <br />in the future, an additional amoLtization schedule was complet- <br />ed using an interest rate of 14% over thirty years for the <br />commercial loan. This resulted in the maxiflum assessment per <br />share of $87 which was in effect for only three years with <br />assessments of $85 per share theLeafter. <br /> <br />In addition, an amortization schedule was prepared to <br />show a fast payback on a co~mercial loan at 18% for the <br />$1,567,895.00, This schedule resulted in the maximum <br />asseSSflent being $95 per share for the ten years from 1986 to <br />1995. At the end of 1995, the assessments then reverted back <br />to $80 per share with the only payouts required being the <br />Colorado Water Conservation Board repayment and the Park Creek <br />Loan plus normal operation and ~aintenance expenses. <br /> <br />The current assess~ent is $80 per share, and the above <br />increases do not occur until 1984 or later, depending upon the <br />schedule. <br /> <br />-24- <br />