|
<br />The intent of the proj ect, as approved by the Board in March of 2004, was to remove the State
<br />Engineer's storage restriction on the facility, by replacing the outlet works, enlarging the
<br />spillway, reconstructing the dam embankment, adding toe drains, and silt removal.
<br />
<br />Ron Slosson, P.E., of Fort Collins, Colorado, completed the feasibility study for the project in
<br />March of2004.
<br />
<br />Below is a brief summary of the major project elements and their estimated cost, as presented in the
<br />original cost estimate:
<br />
<br />1. Surveying
<br />2. Geotechnical Investigation and Testing
<br />3. Outlet Works
<br />4. Spillway
<br />5. Earthwork
<br />6. Rip Rap
<br />7. Drains and Filters
<br />8. Enlargement (silt removal)
<br />9. Inlet Ditch Repairs
<br />10. Engineering, Legal, Contingencies
<br />
<br />$21,000
<br />$21,000
<br />$125,000
<br />$20,000
<br />$136,500
<br />$96,000
<br />$16,000
<br />$100,000
<br />$60,000
<br />$164,500
<br />
<br />Total:
<br />
<br />$760,000
<br />
<br />Dam Work
<br />$393,500
<br />
<br />The estimated total cost of the project at the time of construction was $760,000, as summarized
<br />above. During construction of the project, however, various line items experienced cost overruns
<br />and cost savings, as well as some additional items were added to the project. The actual total cost
<br />of the completed project is $1,163,405. A comparison of the total cost of the project with that
<br />originally estimated is summarized below:
<br />
<br />Items
<br />
<br />Or!!. Est.
<br />
<br />1. Surveying
<br />2. Geotechnical Investigation and Testing
<br />3. Dam Work
<br />4. Hydraulic Operator
<br />4. Enlargement (silt removal)
<br />5. Inlet Ditch Repairs
<br />6. Easement Acquisition and Legal
<br />10. Engineering and Contingencies
<br />
<br />$21,000
<br />$21,000
<br />$393,500
<br />$0
<br />$100,000
<br />$60,000
<br />$0
<br />$164,500
<br />
<br />Total:
<br />
<br />$760,000
<br />
<br />Actual
<br />
<br />$21,000
<br />$21,000
<br />$641,405
<br />$35,000
<br />$120,000
<br />$60,000
<br />$145,000
<br />$120,000
<br />
<br />$1,163,405
<br />
<br />The main cost overruns associated with the project were easement negotiations/acquisitions and
<br />dam reconstruction. During the final design of the project, the Company discovered there were a
<br />number of ownership discrepancies along the reservoir, which required significant negotiations and
<br />easement acquisitions by the Company to resolve. The cost increase associated with the dam work
<br />can be attributed to quantity increases, added items, and design changes.
<br />
<br />2
<br />
|