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I I I I I I I I I I I I I I I I I I I Permitting The siphon is on private property and the District has permanent easements in place. Construction easements will be obtained from the private property owners that could be impacted by construction activity. Institutional Considerations Entities that are, or may be, involved in the design, construction, and/or financing of the project include: Orchard Mesa Irrigation District Water Management Consultants Colorado Water Conservation Board Xcel Energy Grand Valley Water Users Association U.S. Bureau of Reclamation Colorado Department of Transportation The Orchard Mesa Irrigation District will be the lead for the financing, design and construction of the project and will be the entity entering into contracts and agreements with the various entities for the services provided by each. Financial Analysis The Orchard Mesa Irrigation District is applying for a loan from the CWCB in the amount of $540,000.00. (Ninety percent oftotal project cost estimate.) The District will finance the 1 % loan origination fee. The loan payments and payments into the 10% reserve would be paid by an increase in assessments to the landowners. The District is requesting a 3D-year loan from the CWCB at a rate of2.5%, resulting in annual payments of$25,800.00. To this would be added $2,580.00 per year for the first 10 years to fund the emergency reserve account, for a total annual cost of $28,380.00. Annual assessments have been increased between 10% and 50%, according to class level, through in increase program over the past four years, partly in anticipation of the repairs needed on the system. Assessment revenues have increased from $559,362.00 in 2002 to $1,035,605.00. Orchard Mesa Irrigation District Feasibility Study Stokes Gulch Siphon Page 11