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PROJC01772
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PROJC01772
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Last modified
6/15/2011 10:21:55 AM
Creation date
2/6/2007 2:28:36 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150178
Contractor Name
Hillrose, Town of
Contract Type
Loan
Water District
1
County
Morgan
Loan Projects - Doc Type
Feasibility Study
Supplemental fields
Water Division
1
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<br />Implementation Schedule <br /> <br />The following schedule is proposed for implementation of the <br />project: <br /> <br />Task <br />~Complete Final Purchases <br />2. Start Change of Water Rights <br />4. Water Useable for Augmentation <br /> <br />Date <br />08/01/04 <br />08/02/04 <br />09/30/04 <br /> <br />Social, Economic, and Physical Impacts <br /> <br />The project will have no significant social impacts. <br /> <br />Although Hillrose will be impacted with costs associated with <br />their portion of the water costs and loan repayment, the project <br />will have a long term positive economic impact by assuring the <br />continued use of their well and therefore the continued normal <br />operation of the town. <br /> <br />The project will have no significant physical impacts. <br /> <br />Permitting <br /> <br />All easements and rights of way are controlled by the Company <br />supplying the water, therefore no further arrangements are <br />required nor are any permits required. <br /> <br />Financial Plan <br /> <br />The total cost of the project is $76,250. $68,625 or 90% may come <br />from a loan with the Colorado Water Conservation Board, and the <br />remainder from the project sponsor, Hillrose. The CWCB Loan <br />Application is found in Appendix C. <br /> <br />A $68,625 CWCB loan at 3.5% interest over a 30-year repayment <br />period would calculate to an annual payment of approximately <br />$3,731. The loan payment of $3,731 amounts to approximately $207 <br />per acre foot of consumptive use water produced from the <br />purchased shares. A monthly surcharge will be added to all water <br />taps to cover the cost of the loan payment. <br /> <br />Feasibility Study <br />Hillrose Aug Project <br />June 2004 <br /> <br />4 <br /> <br />
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