C150205 Feasibility Study - Laserfiche WebLink

Home Browse Search

I I I I I I I I I I I I I I I I I I I not be attained elsewhere, and the cost could not be financed internally with a one-time assessment. Collateral. As security for the CWCB loan, the Company can pledge the Funding Agreement, the project structures, and a payment reserve account of two annual payments. Economic Analysis. The economic benefit of the project is considerable. The additional water to be delivered to the Members after completion of the Project is estimated by the NRCS to be 50% greater than with the open Ditch. Regulation and measurement of water deliveries will be significantly improved. The Members will be in a better position to make improvements to on-farm water delivery systems that can result in improved efficiencies and farm yields. The NRCS Plan identifies other environmental, social and economic benefits that will result from the Project. Physical Impacts. The Project will assure improved operation of a currently existing irrigation system. The Project will change the appearance of the irrigation delivery system as portions of the Ditch will be buried and the surface will return to natural grasses and other native species. Some sections of the Ditch will be left intact to carry livestock water and manage runoffs from irrigated pastures, rain and snow. The new consolidated diversion structure will be in approximately the same location as the diversion structure now serving the Boss Ditch and will be somewhat larger than the present structure. Conclusions 1. The Company is an incorporated entity in the State of Colorado with the ability to enter into a contract with the CWCB for the purpose of obtaining a Construction Fund Loan. 2. Rights-of-Way easements are either verbally granted or already exist for construction of this project.