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<br />Cost Estimate <br /> <br />The total project cost is estimated to be: <br /> <br />TOTAL <br /> <br />$ 241,500 <br />87,000 <br />35.000 <br />$ 363,500 <br /> <br />1. <br />2. <br />3. <br /> <br />Construction Cost <br />Engineering Design/Inspection and Testing <br />Project Contingency <br /> <br />Imnlementation Schedule <br /> <br />Work has been progressing on the dam this Fall. At present the core ofthe dam is mostly <br />reconstructed, but work is most likely over for the season due to snow, and will resume in <br />Spring 2003. . <br /> <br />Institutional Considerations <br /> <br />Entities that are, or may be, involved in the management, design, construction, and <br />financing of the project include: <br /> <br />Colorado W~ter Conservation Board (CWCB) - Financing and construction. <br />Delta County <br />U.S. Forest Service <br /> <br />Financial Analvsis <br /> <br />The total estimated cost ofthe project is $365,500 and SCD & RC water is used primarily <br />for agricultural purposes, with 6% municipal ownership (low-income.) The loan request <br />is for a 30-year maximum amount of$265,000 (approximately 73% of estimated project <br />cost) for 30 years at an interest rate of2.80%. <br /> <br />Table 1 is a summary of the financial aspects of the project. A CWCB Small Project <br />Loan of $265,000 would have an annual payment of $14,490 (including the 10% reserve <br />requirement) at the loan terms of2.80% for 30 years. This represents an annual loan <br />cost of$33.23 per acre-foot, based on an average annual delivery of 436 acre-feet. <br /> <br />Table 1. Financial Summary <br /> <br />Project Cost $363,500 <br />Number of Shareholders 255 <br />Number of Shares of Stock 810 <br />CWCB Loan Amount (30 years) $265,000 <br />CWCB Loan Payment (includes 10% reserve) $14,490 <br />Current Assessment per share (2002) $70 <br />New Assessments per share $70 <br />Annual Loan Cost per acre-foot (aver. Annual delivery: 436 ac-ft.) $33.23 <br /> <br />6 <br />