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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />3. Participate in NRCS EQIP cost share program in conjunction with low interest loan from <br />CWCB <br /> <br />Alternative No.1 was considered unacceptable because the members need to improve the existing <br />ditch. The drought of 2002 showed how poorly the existing ditch preformed with reduced flows. <br />Inflation in the future will only make the cost of renovation higher. <br />Alternative No.2 is cost prohibitive and would not allow for the sharing of water. <br />Alternative No.3 was selected because of the cost share and engineering provided by NRCS. <br />Alternative No,{ will complete the project, delivering water to all 10 parcels in 7000 feet of <br />under ground pip\., ? <br /> <br />Cost Estimate <br /> <br />Engineering and Planning $ 0.00 <br />(provided for by NRCS) <br />Construction $230,000 <br />(as per bid Thor Construction) <br /> <br />Total: $230,000 <br /> <br />Schedule <br /> <br />October - December 2006 for a total of 45 days of construction <br /> <br />Permitting <br /> <br />All easements and rights of way have been secured. <br /> <br />Institutional Considerations <br /> <br />1. Headgate 396 Lateral Corporation - financing, construction and project management <br /> <br />2, Natural Resources Conservation Service - cost share and construction inspection <br /> <br />3. Colorado Water Conservation Board - financing <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />The Corporation will be the lead for the financing, design, and construction of the project and will <br />be the entity entering into contracts and agreements for the services to be provided. <br /> <br />Financial Analysis <br />Entity Grant Short-term Long-term <br /> Loan Loan <br />CWCB $0 $230,000.00 $133,980.00 <br />HG-396 $0 $0 $0 <br />NRCS $96,019,00 $0 $0 <br />