PROJC00776 App Letter - Laserfiche WebLink

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Upper Platte and Beaver Canal Company March 21.22, 2002 Agenda Item 10, (Updated March 22, 2002) Feasibilitv Studies Jack Odor, P.E., of Fort Morgan has drafted the feasibility study using information provided by the UPBCC. The study includes an assessment of alternatives available for rehabilitation of the UPBCC diversion structure, The study is scheduled for completion in April 2002, The Upper Platte and Beaver Canal Company The UPBCC is a mutual ditch company and a non-profit corporation registered in the State of Colorado, There are 100 shareholders and 1187 shares of stock. The UPBCC has the power to set annual assessments to be paid by the shareholders, the power to cut off water deliveries to shareholders that fail to pay their assessments, and the power to acquire and sell the shares of delinquent shareholders. Water Ri~hts The UPBCC has a 234 cfs direct flow right out of the South Platte River consisting of a 20 cfs right (1868/1869), a 50 cfs right (1882), and a 164 cfs right (1888), Diversions have averaged 30,000 acre-feet per year. Proiect Description Three alternatives were analyzed in the feasibility study: 1. Construct a new diversion ($350K). 2. Rehabilitate the foundation area below the existing diversion ($95K). 3, The no-action alternative, Alternative i, Construct a new diversion ($350K), was ruled out due to cost, and because surviving portions of the existing diversion are in serviceable condition, Alternative 2, Rehabilitate the foundation area below the existing diversion ($95K), was the preferred alternative, since it was the least overall cost that would allow continued diversion of the Company's water rights. The no-action alternative was considered unacceptable since it ieaves the diversion subject to failure so that the UPBCC could not deliver water to its shareholders. Selected Alternative 1 involves forming and pouring a reinforced concrete foundation under and behind the existing diversion structure. Steel pipe piling will first be driven into shale on 8-foot centers, and steel sheet piling will be installed around the perimeter of the structure, Two levels of relnforcing wil\ be installed, with bars on one-foot centers, This repair work will be tied to the existing diversion, such that concrete can also be poured under the floor of the old diversion. The implementation schedule calls for completion of financing arrangements and final engineering design in March 2002. Construction will also be cornpleted in March 2002. Financial Analysis The total estimated cost of the project is $95,000, and the water is used by the shareholders for agricultural purposes. The Company has requested a 10-year Emergency loan in maxirnum amount of $83,000 (approximately 90% of estimated project cost.) Staff is recornrnending a CWCB grant of up to $2,500 to pay for half the cost of the feasibility study, Alternative financing sources: The Company actively sought alternative financing, They were not able to obtain a grant from the NRCS to cover project planning and design. They requested a loan frorn their local bank (First Security of Brush) but the bank does not provide long-term fixed rate financing for agricultural projects. 2