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<br />,I, <br />I <br />.1 <br />1 <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />il <br />I <br />I <br />I <br />I <br />I <br /> <br />CHAPTER VII I <br />FINANCIAL PROGRAM <br />The Handy Ditch Company is seeking Colorado Water Conservation Board <br />funding in the amount of $310,000 to be repaid over a period of 40 years. <br />The $310,000 is composed of the $190,000 needed to repair the Welch Reservoir <br />No. 1 outlet and $120,000 to refinance a loan with the Wichita Bank for <br />Cooperatives. The $190,000 needed to repair Welch Reservoir includes an <br />estimated $158,000 construction costs and approximately $32,000 for design, <br />plans, specifications, contract administration, construction observation, and <br />as-built drawings. <br />The Handy Ditch Company repayment projections, including income, <br />expenses, and projected debt structure are shown in Table 6 on the following <br />page. Table 7 is the annual financial schedule over the life of the CWCB <br />loan. <br /> <br />28 <br />