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<br />CWCB Construction Fund Loan Application <br /> <br />Lender Name & Address <br /> <br />Remaining <br />Amount <br /> <br />Arumal <br />Payment <br /> <br />Maturity <br />Date <br /> <br />No debts at this time <br /> <br />2. Are any of the above liabilities now in default, or been in default at any time in the past? YES <br />NO _XX _' If YES, please give detailed explanation. <br /> <br />3. Please provide a summary of all revenues received during the last two fiscal years by category <br />(such as service charges, tap fees, assessments, etc.). <br /> <br />Water Assessments 2000--$9,600 <br /> <br />Water Assessments 2001--$12,800 <br /> <br />4. Please provide a brief narrative description of sources of funding, in addition to the CWCB, which <br />have been explored for this project (Examples would be Banks, Rural Development, NRCS, <br />Colorado Water Resources and Power Development Authority, Colorado Division of Local <br />Government, etc.). Have inquired with a local bank & Premier Farm Credit, but the collateral is <br />not sufficient for the loan request. Farm Credit will do temporary financing V>1th a long term <br />commitment from the CWCR <br /> <br />5. What collateral will you be offering for this loan? Possibilities include the project itself, pledge of <br />revenues, real estate, water rights. The ditch company will pledge future revenues and water <br />assessments. <br /> <br />The above statements are true, to the best of my knowledge: <br /> <br />Signature of Applicant <br /> <br />By ,.b:-Jr;;'". 0 1/~ <br />/ <br />Printed Name: Steven J. Kaiser <br /> <br />Title Secretary <br /> <br />Date 11-23-2002 <br /> <br />C:\ProjectslMarketlCFIA902 <br /> <br />, <br />