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<br />Table of Contents <br /> <br />Introduction (Need for the Project)........... ................. ............................................................6 <br /> <br />Project Sponsor....................................................................................................................6 <br /> <br />Project Service Area and Facilities....................................................................................... 6 <br /> <br />Hydrology and Water Rights........................ .........................................................................6 <br /> <br />Project Description and Alternatives..................................................................................... 9 <br /> <br />Selected Alternative..............................................................................................................9 <br /> <br />Cost Esti mate ....................................................................................................................... 9 <br /> <br />Implementation Schedule............................. .................................................................... ..10 <br /> <br />Permitting..................................................................................................................... .......10 <br /> <br />Institutional Considerations.................................................................................................1 0 <br /> <br />Financial Analysis............................................................................................................... 1 0 <br /> <br />Credit Worthiness............................................................................................................. ..11 <br /> <br />Alternative Financing Considerations................................................................................ .11 <br /> <br />Collateral..................................................................".................................................. ....... .12 <br /> <br />Economic Analysis..................................................."........................................................ ..12 <br /> <br />Social and Physical Impacts.................................... ""....................................................... ..12 <br /> <br />Conclusions............ ................................................ ",......................................................... .12 <br /> <br />Rio Grande and Piedra V alley Ditch Company <br />Check Structure Feasibility Study <br />July 29,2003 <br /> <br />Page 2 of 15 <br />