Laserfiche WebLink
<br />Collateral: As security for the CWCB loan the Rio Grande and Piedra Valley Ditch Company <br />can pledge assessment income, and the project itself. <br /> <br />Economic Analysis <br /> <br />The economic benefit of the project is considerable. The NRCS estimates the value of propert0 ~ <br />affected to be $15.3 million, within the 7660-acre service area. The project cost/benefit ratio is <br />$15.3 million/ $52,000 or 294. 4 l/ <br /> <br />Social and Physical Impacts <br /> <br />The project will have no significant social impacts, sinGe it will assure the continued operation of <br />a currently existing irrigation system. The project will have minor physical impacts, once <br />construction is complete. The new check structures will be in the same location with the <br />exception of two of the new check structures, which will be determined at the start of <br />construction. All structures will be set in the existing ditch system and be out of sight except for <br />the exposed backfill around the structures which will be "dressed out". <br /> <br />Conclusions <br /> <br />1. The Rio Grande and Piedra Valley Ditch Company is an incorporated entity in the State of <br />Colorado with the ability to enter into a contract with the CWCB for the purpose of obtaining <br />a Construction Fund loan. <br /> <br />2. Rights-of-Way easements are adequate for the construction of this project. <br /> <br />3. The project would provide for the continued delivery of irrigation water to share holders. <br /> <br />4. The total estimated cost of the project is $69,333 and this will be financed, in part, by in- <br />house financing and in-kind services. The Rio Grande and Piedra Valley Ditch Company is ~-=- <br />applying for a $52,000 €mg~8~cy-loan from the CWCB Construction Fund for the amount '-.c:;;.- <br />not covered by in-kind services. <br /> <br /> <br />e 10 rande d Piedra Valley Dit. <br />Emergency Infrastru re Repair Accoun <br />unreasonable risk of inj or damage to hu <br />and because the emergency dition is not the <br />. enance 0 the infrastructure. <br /> <br /> <br />Company is eligible for a loan from the CWCB <br />ecause the project is ne sary to avoid <br />health or well-being or to operty or crops, <br />~f negligence in the ope . n or <br /> <br /> <br />6. The project is technically and financially feasible. <br /> <br />Rio Grande and Piedra Valley Ditch Company <br />Check Structure Feasibility Study <br />July 29, 2003 <br /> <br />Page 12 of 15 <br />