PROJ02089 - Laserfiche WebLink

Home Browse Search

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . t t t t . . . Social. Economic. and Phvsicallmvacts Additionally the BID opens the reservoir to multiple boating clubs. Any improvements to the reservoir would have to accommodate the boating clubs as well. Other than the recreational aspects, there are no social impacts of the project The boating clubs provide a source of revenue to Bijou Irrigation District in the form of permit fees. Currently 323 permits are for sale each year for fee of$250 each. The increase in gage height from 29 to 30 feet would result in an increase of surface area of approximately 3.3 percent. This could mean at project completion, the amount of boating permits available for sale could potentially increase by 3.3 percent while maintaining the current level boat density. At the current fee structure this would translate to additional annual revenue of approximately $2,650. An additional economic impact will be that the change in gage height from 29 to 30 feet results in a storage volume increase of approximately 8 percent. This means that the BID could expand the acreage that water is delivered to by potentially 8 percent. At current rates of assessment this is a potential increase in annual revenue of approximately $15,350. Together these two economic aspects ofthe project could impart an annual increase in revenue to BID of approximately $18,000 without altering current fee rates. The project will have little physical impact since all work is to be performed at an existing reservoir. Permittine The District and the engineer believe no Environmental Assessment (EA) or Environmental Impact Statements (EIS) will be required. All work is to be associated with agriculture and all work is confined to the Bijou Irrigation District property. The Corps of Engineers will be contacted concerning 404 permitting, but it is anticipated at this time that the work either be categorized as exempt or will fall under nation wide permits and no additional permitting will be necessary. Institutional Considerations Entities that are, or may be, involve in the design, construction, and fmancing of the project include: · Bijou Irrigation District; financing, and project management · Tetra Tech RMC; design, construction and financing · Colorado Water Conservation Board; financing and construction The BID 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 Plan The BID is seeking funding through the "C%rado Water Conservation Board (CWCB) Loan Program" and proposes to apply for 90 percent of the project cost. The BID proposes to apply for $666,000 from the CWCB at 2.5 percent interest for 30 years. With these terms, the annual payment would be $31,820. To this would be added $3,182 per year for the first 10 years to fund the emergency reserve account, for a Feasibility Study Empire Reservoir Spillway Construction -4- June 2005 F:\4763 _00 l\Feasibility S'udy\Feasibilily _ Study.rp<doc