C150109 Feasibility Study - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I SELECTED ALTERNATIVE The Larimer & Weld Irrigation Company has chosen Alternative 3 as the desired alternative. The Company does not feel the other two alternatives provide for an increase in the efficiency of their system as does Alternative 3. Alternative 3 allows them to operate in divisions if need be; provides for more control of the ditch as far as head and flow; increases safety to the ditch riders by eliminating stoplogs; and, decreases cost of operation by reducing manpower. The new structures would be expected to require little maintenance over the life of the loan and would have a longl~r life span than the repaired structures outlined in Alternative 2. PROJECT COST The opinion of cost of construction of the checks is listed in the previous section in Table 3. Following is a summary of all project costs including engineering fees and contingencies. TOTAL Estimated Cost $ 1,054,600 $ 126,552 $ 105.460 $ 1,286,612 Item 1. Construction Costs 2. Engineering Fees @ 12% 3. Contingency @ 10 % The Larimer & Weld Irrigation Company is seeking funding through the Colorado Water Conservation Board" Small Projects Fund" to finance $1,000,000 of the project. The irrigation Company will fund the remaining amount through an increase in assessments and/or a short term loan through a private institution. FUND REQUIREMENT SCHEDULE The expected fund requirement schedule for the project, with an estimated project total cost of $1,286,612 is as shown below. This schedule is based on construction starting late summer 2002 and being completed by the spring of 2003. The Fund Requirement Schedule shows the funds required by the Company and the CWCB to complete the project on the schedule shown. 2002 2003 $ 143,306 $ 143,306 $ 700,000 $ 300,000 Larimer & Weld Feasibility Study Page 12