C153739 Feasibility Study

• Contract/PO #: C153739
• Contractor Name: Aristocrat Ranchettes Water Project, Inc.
• Contract Type: Loan
• Water District: 2
• County: Weld
• Bill Number: SB 96-153
• Loan Projects - Doc Type: Feasibility Study

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available supply of up to 1 acre foot per year, as apposed to the
1/3 acre foot currently supplied. The rate setting calculations
are included in Appendix G.

A table showing cash flow for a $600,000 CWCB loan at 4.25 %
interest over a 30-year repayment period is included in this
study. The annual debt service amounts to $35,759/year. Also
shown is a cash flow table for a loan in amount of $403,000, the
amount necessary to purchase 160 shares of CBT water. The annual
debt service amounts to $24,01s/year.

Collateral

ARWP has the following collateral it can offer for the loan, in
this order of preference:

a. A collateral interest in the raw water shares (A vote
is required to use it as collateral, and such a vote was
taken at a special meeting of the shareholders on February
2/ 1996.)

b. A collateral interest in future raw water shares. ARWP
has only requested the mini~um raw water shares necessary to
complete construction of the project in this loan request.
Additional water shares will be purchased in the future by a
surcharge on each tap fee equal to one share per household.

c. A collateral interest in water revenues.
be necessary to use it as collateral.}

(A vote would

d. ARWP's water delivery system. The water delivery
system is presently substantially encumbered by previous
loans from FmHA. Permission from the senior lienholder,
FmHA, and a vote would be necessary to use it as collateral.

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Aristocrat Ranchette Water Project. Inc.
Feasibility Study

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