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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 />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Social and Physical Impacts <br /> <br />The project will have little negative social impacts, since it will provide augmentation water to <br />those water users that require ground water to fulfill their agricultural needs. In addition to <br />benefiting well owners, the recharge project has the potential to benefit the Company as a <br />whole through the generation of additional augmentation credits. It is possible that the Union <br />Ditch can provide excess credits for lease to other entities in the South Platte River basin. The <br />project will also be a benefit to the landowners, on whose land the structures are to be built, <br />because the structures will serve as an improvement to the property value in the long-term <br />especially if it is considered for development. The project has no conceived negative physical <br />impacts, once construction is complete. It is very likely that the recharge pond will serve as type <br />of wetland attracting wildlife to the area, which is an added benefit for the community as a <br />whole. <br /> <br />Conclusions <br /> <br />1. The Union Ditch Company is an incorporated entity in the State of Colorado with the ability <br />to enter into a contract with the CWCB for the purpose of obtaining a Construction Fund <br />loan. <br /> <br />2. Easement agreements are well underway for the construction of this project. <br /> <br />3. The project would provide augmentation water for well owners in the Union Ditch <br />augmentation plan as well as an asset to the all shareholders in the Union Ditch Company. <br /> <br />4. The total estimated cost of the project is between $261,100 and $343,725, which would be <br />financed by in-house financing (10%) and the CWCB (90%). <br /> <br />5. The project is technically and financially feasible. <br /> <br />References <br /> <br />Hurr, R.T., P.A. Schneider, and others. 1972. USGS Hydrogeologic Characteristics of <br />the Valley Fill Aquifers in Reaches of the South Platte River Valley, Colorado. <br />USGS Open-File Report-6 Volumes. <br /> <br />Peel, M. 2003. Design of Site Specific Percolation Test and Analysis of a Future <br />Reservoir Design. Senior Design Project Final Report, Bioresource and <br />Agriculture Engineering, Colorado State University. <br /> <br />United States Department of Agriculture. 1980. Soil Survey of Weld County, Colorado, <br />Southern Part. Soil Conservation Service in cooperation with Colorado <br />Agricultural Experiment Station. <br /> <br />Union Ditch Company <br />Recharge Project Feasibility Study <br />March 2004 <br /> <br />Page 14 <br />