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*CMDRC will also cover any costs exceeding the estimated project cost <br />Table 10.2 is a smmnary of the financial aspects of the project. A CWCB Loan of $100,000 <br />would have an annual payment of $5,981 (including the 10 percent reserve requirement) at the <br />loan terms of 3.5 percent for 30 years. This represents $6.62 per acre-foot based on average <br />diversions of 903 acre-feet. <br />Table 10.2 <br />Financial Summary <br />11.0 Credit Worthiness <br />CMDRC has taken out five small loans over the past 30 yeazs to help finance repair and <br />rehabilitation of the Cedar Mesa Dam. Lenders include the First National Bank of Cedaredge, the <br />Colorado Water Conservation Boazd, K. Harfst (private individual), and the Cedar Mesa Ditch <br />and Reservoir Company. All of these loans were repaid as agreed upon. <br />CMDRC has two loans outstanding totaling $16,500 for engineering and instrumentation <br />associated with the current rehabilitation project. These loans aze also being repaid as agreed <br />upon. <br />Table 11.1 shows the financia] ratios for CNIDRC and indicates an average ability to repay the <br />$100,000 CWCB loan with the project in place. <br />G9wpvroA\i800s�1B35A\CeOarMesaFeasibilityReportdac V Ju1y2001 <br />Table 10.1 <br />Project Funding Sources <br />