PROJ01938

• Contract/PO #: C150012
• Contractor Name: Model Land and Irrigation Company, The
• Contract Type: Loan
• Water District: 19
• County: Las Animas
• Loan Projects - Doc Type: Feasibility Study

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STATE OF COLORADO

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Colorado Water Conservation Board

Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]

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Bill Owens
Governor

FEASIBILITY STUDY REVIEW MEMO

February 17, 2000

Greg E,Walcher
Executive Director

Report: Feasibility Report, Black Hills Reservoir Dam (Model Dam)

Peter H. Evans
CWCB Director

Consultant: URS Greiner Woodward Clyde

Dan McAuliffe
Deputy Director

Reviewer: Bill Green

1. On page 4-1, in item no. 4, is the Hoehne Ditch priority date of October 7, 1965
correct?

2. In the last sentence of the first paragraph on page 4-3, is a date (year) missing?

3. On page 6-4, do the paragraphs on Embankment Modifications describe the work
required for the breach repair or for the work previously proposed?

4. On page 7-1, a bullet should be added for embankment repair.

5. In the last paragraph on page 8-1, change "Conservation District" to "Conservancy
District" .

6. In Table 8-4, a column should be added for the Debt Service Reserve Fund. CWCB
contracts require a debt service reserve fund equal in amount to one annual loan
payment. The fund may be accumulated over a period of ten years.

7. In the next to the last sentence on page 9-1, the net value of agricultural production
from the project should be compared with the total proiect cost and not the annual
payment on the CWCB loan as noted in our December 1999 Feasibility Study Review
Memo. This can be done by annualizing the total project cost of$910,175 at an
appropriate interest rate for 30 years and comparing the result (annual Cost) with the
net project benefit.

8. In the last paragraph on page 10-1, replace the words "loan repayment costs" with
"annual project costs" to correspond with item no. 7, above.