C150029 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 Implementation Schedule The NRCS is expected to complete the final design by mid-January 2000. Construction is expected to begin January 2000 and to be completed by May 2000. Permitting All easements and rights of way have been arranged for. The Company expects to be exempt from 404 permitting by Statutory exemption, 33 CFR Section 323.4(a) 3. This will be confirmed with the Army Corps of Engineers. I nstitutional Considerations Entities that are, or may be, involved in the desi~ln, construction, and financing of the project include: Chilcott Ditch (CDC); financing and project management. Natural Resources Conservation Service (NRCS); financing, design, and construction. Colorado Water Conservation Board (CWCB); financing and construction, The CDC will be the lead for the financing, design, and construction of the projE3ct and will be the entity entering into contracts and agreements with the various entities for the services provided by each. Financial Analysis Several entities will be involved in financing the estimated total project cost of $1 million. The CDC is applying for a loan from the CWCB in maximum amount of $250,000, to accommodate the 25% Company cost share. The actual or estimated amounts by entity are given in Table 2, Table 2. Sources of JFunding Entity Grant Loan Percent Participation 25% 0% 75% $1 million CWCB CDC NRCS Totals $0 $0 $750,000 $750,000 $250,000 $0 $0 $250,000 The CDC will cover any costs that exceed the estimated project cost. The CDC is requesting a 30-year loan from the CWCB. The standard agricultural lending rate would be 4%, resulting in annual payments of $14,458. To this would be added $1,446 per year for the first 10 years to fund the emergency reserve account, for a total annual cost of $15,903. Chilcott Ditch Company Diversion Structure Feasibility Study November 1999 Page 10 of 12 I .