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<br />. <br /> <br />. <br /> <br />" <br /> <br />r <br /> <br />( <br /> <br />The results of the drilling program will be used in the second part of the feasibility study in which e <br />structural problems will be specifically identified and several alternatives for correcting these <br />problems will be developed and analyzed along with sufficient information to determine the <br />technical, financial and economic feasibility of a rehabilitation project, <br /> <br />The consultant has submitted a scope of work which has been reviewed and accepted by staff for <br />the second part of the feasibility study, The estimated cost for the work proposed is $25,400. <br /> <br />The total cost of all feasibility work, parts one and two, then is $44,900 of which the Board has <br />funded $5,000 with a Small Dam Site grant. The Company is requesting a feasibility study loan of <br />an amount that would result in 50 percent funding of study costs, or $22,450, by the Board, <br />Subtracting the $5,000 Small Dam Site grant from $22,450 gives a potential loan amount of <br />$17,450, <br /> <br />RECOMMENDATION <br /> <br />Staff recommends a Construction Fund loan to the DeWeese-Dye Ditch and Reservoir Co, for an <br />amount not to exceed $17,450 for the completion of the DeWeese Dam rehabilitation feasibility <br />study, The term of the loan would be for 10 years and the lending rate would be that rate adopted <br />by the Board for agricultural and municipal low income loans in 1997 less one-half of one percent. <br />3 JILt - J;~;; 3 Y4 7~ <br /> <br />Attachment <br /> <br />e <br /> <br />cc: <br /> <br />Ron Dorn, DeWeese-Dye <br />Mike Graber, Division 2 <br />Brian Johnson, GEl <br />Linda Bassi, AGO <br /> <br />l:boardmem\nov96\novlOd.doc <br /> <br />!JJ/zd <br />~ <br /> <br /> <br />e <br /> <br />I) <br />