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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 />I <br />I <br />I <br />I <br />I <br />I <br /> <br />,. <br /> <br />INSTITUTIONAL CONSIDERATIONS <br /> <br />The sponsor has approval from the Colorado Water Conservation Board for 2 loans, as <br />described above. The total amount of these loans is $330,000. The loans from the CWCB are <br />contingent upon the successful negotiation of the loan contracts between the CWCB and the <br />sponsor. <br /> <br />OPINION OF FEASIBILITY <br /> <br />The selected alternative is technically and financially feasible. There are no significant <br />roadblocks, which would keep the Excelsior Irrigating Company from successfully completing <br />this project. <br /> <br />Feasibility Study <br />Rehabilitation of the Excelsior Ditch <br />July 1996; Updated March 1998 <br /> <br />Page 19 <br />