PROJ01960 ‎(2)‎

• Contract/PO #: C150249
• Contractor Name: Black Dike Pipeline Company
• Contract Type: Loan
• Water District: 0
• County: Montezuma
• Loan Projects - Doc Type: Feasibility Study

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Members will be in a better position to make improvements to on-farm water systems that can
result in improved efficiencies and farm yields. The NRCS Plan identifies other environmental,
social and economic benefits that will result from the Project.

Physical Impacts

The Project will assure improved operation of a currently existing irrigation system. ThH Project
will change the appearance of the irrigation delivery system as portions of the Ditch will be
buried and the surface will return to natural grasses and other native speciE!s. Some sE!ctions of
the Ditch will be left intact to carry livestock water and manage runoffs from irrigated pastures
and rain/snow. The new diversion structure will be in the same location and somewhat larger
than the previous structure.

Conclusions

1. The Company is an incorporated entity in the State of Colorado with the! ability to enter into
a contract with the CWCS for the purpose of obtaining a Construction Fund loan.

2. Rights-of Way easements are adequate for the construction of this projl~ct.

3. The project would provide improved delivery of irrigation water to share holders.

4. The total estimated cost 'p!'!pe project is $598,146 and this will be financed, in part, by a
grant from the NRCS of ~o of the project cost. The Company is applying for a bridge loan
for the full cost of the project and a $207,000 long-term loan from the CWCS Construction
Fund for the amount not covered by the federal grant.

5. Company is eligible for a loan from the CWCS.

6. The project is technically and financially feasible.

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