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15.0 Conclusions <br />1. The CMDRC is a Colorado corporation and has the ability to enter into a contract <br />with the CWCB for the purpose of obtaining a Construction Fund Loan. <br />2. Access to the project is adequate for construction of the rehabilitation project. <br />3. The project would provide for continued beneficial use of the Cedaz Mesa Dam. <br />4. The total estimated cost of the project is $131,962, which will be financed by a <br />$100,000 CWCB loan, two private loans, a$6,000 grant from the Colorado River <br />Conservation Dish a$4,850 CWCB grant, and additional funds as necessary from <br />the CMDRC. <br />5. The Cedar Mesa Ditch and Reservoir Co. is eligible for a CWCB Small Project Loan <br />because the loan amount is $1OQ000 or less and because the project is necessary to <br />avoid undue hardship on the borrower. Requiring the CMDRC to apply through the <br />standard CWCB loan process would delay the project for one year and jeopardize the <br />company's ability to deliver sufficient water to its shazeholders. <br />G\wDwork\1800sV835A\CeGarMeuFeasiOilityRepon.COC 8 Ju1y2001 <br />