Involvement of CFI:
Completed financial analysis of business plans; assessed proponents industry background during due diligence; reviewed independent consultants reports; worked directly with project proponents to determine suitable debt structure; made recommendations as to senior debt structure to project proponents and ultimate funding sources. Reviewed/Confirmed construction budgetary process with engineering firm during course of construction. Status of Project: Construction financing now converted to term financing. Note that project was subsequently purchased by Enmax which is an energy distribution, supply and service company, and a wholly owned subsidiary of The City of Calgary.