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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />COLLATERAL <br /> <br />The L TWD and CWCWD can offer the following collateral for the CWCB loan. <br /> <br />1. The revenue from water rates and tap fees as allowed by <br />their Company By-Laws and Articles-of-lncorporation. <br /> <br />2. The physical assets of the project itself. <br /> <br />SOCIAL AND PHYSICAL IMPACTS <br /> <br />The reservoir could potentially provide a recreational area for use by adjacent <br />property owners or for public use. One negative social impact may be the <br />displacement of several property owners. <br /> <br />The primary physical impact would be the inundation of approximately 200 acres <br />of sparsely-vegetated pasture land. Currently, most of the affected land is <br />unused. <br /> <br />Seepage through the dam would be expected to have physical impact to the flow <br />in the intermittent tributary to Dry Creek and to the local groundwater level. <br />There are no existing structures immediately downstream of the dam that would <br />be expected to be affected by these physical impacts. <br /> <br />CONCLUSIONS <br /> <br />1. The L TWD and the CWCWD are Special Districts with the ability to enter into <br />contracts with the CWCB for the purpose of obtaining Construction Fund <br />loans. <br /> <br />2. The project would allow the districts to store up to approximately 5200 ac-ft of <br />water for use in their existing treatment plants to augment their system in dry <br />years or to supply water for their system in case of maintenance or repair of <br />Carter Lake Reservoir or the St. Vrain Supply Canal. <br /> <br />3. The existing 'geotechnical conditions are suitable for construction of the <br />reservoir. <br /> <br />4. No significant permitting issues have been identified. <br /> <br />5. The project is economically feasible and beneficial for the Districts based on <br />all aspects considered. <br /> <br />Dry Creek Reservoir Feasibility Study <br /> <br />27 <br />