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<br />I <br />I <br />I <br />I <br />I <br /> <br />I <br /> <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Social, Economic, and Physical Impacts <br /> <br />The project will have no significant social impacts. <br /> <br />Although the Gill LLC will be impacted with costs associated with <br />their portion of construction and loan repayment, the project <br />will have a long term positive economic impact by assuring a more <br />certain source of augmentation for the Gill LLC. The Gill LLC <br />will also be able to reduce or eliminate their assessments with <br />GASP and may have excess augmentation water available to lease <br />for financial compensation. <br /> <br />The project will have no significant physical impacts once <br />construction is complete. The new well will occupy a minimal <br />amount of space down close to the river and the pipe line from <br />the well will be buried underground. The recharge pond grounds <br />will have setting water part of the year but will generally <br />return to its current appearance once the water percolates back <br />into the ground. <br /> <br />Permitting <br /> <br />All easements and rights of way are being arranged for. All <br />arrangements are within members of the Gill LLC. <br /> <br />The Gill LLC expects to be exempt from 404 permitting. This will <br />be confirmed with the Denver District, Army Corps of Engineers. <br /> <br />Financial Plan <br /> <br />The total cost of the project is $127,500. $114,750 or 90% may <br />come from a loan with the Colorado Water Conservation Board, and <br />the remainder from the project sponsor, the Gill LLC. The CWCB <br />Loan Application is found in Appendix C. <br /> <br />A $114,750 CWCB loan at 2.25% interest over a 20-year repayment <br />period would calculate to an annual payment of approximately <br />$7,200. The loan payment of $7,200 amounts to approximately $2.12 <br />per acre foot of water diverted annually. The loan payment can be <br />easily offset with savings from the reduction in GASP assessments <br />and the revenue generated from the lease of excess augmentation <br />credits from the project. The Gill LLC's ability to make loan <br />payments will only improve over the period of the CWCB debt <br />retirement because as the loan payment remains the same, the <br />value of excess augmentation water will continue to increase. <br /> <br />Feasibility Study <br />FL Gill H20 LLC Aug Project <br />February 2003 <br /> <br />7 <br />