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<br />, , <br /> <br />Table of Contents <br /> <br />I ntroduction (Need for the Project)....................................................................................... 6 <br /> <br />Project Sponsor ............................................................ ......... ...... .............. ......... ...... ........... 6 <br /> <br />Project Service Area and Facilities...................................................................................... 7 <br /> <br />Hyd rology and Water Rig hts ................................................................................................ 7 <br /> <br />Project Description and Alternatives.................................................................................. 10 <br /> <br />Selected Alternative..................................... ............... ............. ............................... ........... 11 <br /> <br />Cost Estimate.............................................................................................................. ....... 12 <br /> <br />Implementation Schedule........................ ........................... ............... ......... ........ ......... ...... 12 <br /> <br />Permitting..................................................................................................................... ...... 13 <br /> <br />Institutional Considerations................................. ...... ............................. ......... ...... ............. 13 <br /> <br />Financial Analysis.... .................................... ..................... ......... ................................... ..... 13 <br /> <br />Credit Worthiness.............................................................................................................. 14 <br /> <br />Alternative Financing Considerations.......................................................................... ...... 14 <br /> <br />Collateral..................................................................................................................... ....... 14 <br /> <br />Economic Analysis............................... .............................. ...... ...... ......... ........ ......... .......... 15 <br /> <br />Social and Physical Impacts ................... .................. ........ ............... ......... .............. ........... 15 <br /> <br />Conclusions.............................................. ............ ...... ...................... ................... ...... ........ 15 <br /> <br />PRB Ditch Company <br />Siphon Replacement Feasibility Study <br />May 2003 <br /> <br />Page 2 of 15 <br />