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Town of Bennett <br />Feasibility Study <br />rehabilitation /replacement of raw water infrastructure. Well 5 is part of the Town's existing water <br />system and is necessary to adequately serve the needs of current residents and businesses. <br />Due to the significant cost, Bennett is not in a cash position that would allow replacement of <br />Well 5 without borrowing the money and repaying it using future user fees. Given the urgency <br />of replacing Well 5, Bennett is in the process of acquiring a commercial bridge loan from <br />Guaranty Bank. This bridge loan will allow an award of a contract to re- drill /complete a <br />replacement well on a timely basis. This bridge loan will have terms requiring its repayment in <br />the summer of 2008, hence the request to CWCB for a longer -term loan allowing for the <br />refinancing of the project. The information on the Bridge Loan is included as Appendix D. <br />PHYSICAL SUPPLY SYSTEM <br />Bennett is geographically located near the center of the Denver Basin. The Denver Basin is a <br />north -south trending structural depression that underlies a 6,700- square mile area extending <br />approximately from Greeley in the north to Colorado Springs in the south and from the Front <br />Range in the west to Limon in the east. Bennett is underlain by three of the ground water <br />' aquifers in the Denver Basin: (1) the Denver aquifer (uppermost); (2) the Arapahoe aquifer that <br />is divided into Upper and Lower and (3) the Laramie -Fox Hills aquifer (lowermost). The <br />Arapahoe aquifer in some areas within the southern part of Bennett is not divided into upper and <br />lower aquifers. <br />Bennett operates two water supply systems, the north water system (NWS) and the south water <br />system (SWS). The NWS provides potable water for indoor domestic and residential irrigation <br />uses to the entire town except for the Antelope Hills Subdivision (Figure 2). The SWS provides <br />potable water for indoor domestic and residential irrigation uses to the Antelope Hills subdivision <br />' as well as non - potable water for irrigation to the golf course (Figure 2). <br />The north water system (NWS) is made up of six ground water wells. One well (Well 5) in the <br />NWS is completed into the Denver and Arapahoe aquifers, three wells (Wells 4, 6, 7) are <br />' completed into the Arapahoe aquifer, and two wells (3 and 8) are completed into the Laramie - <br />Fox Hills aquifer (Table 1). Two wells in the NWS (3 and 5) are currently inoperable and need <br />' 3 <br />Jehn Water Consultants, Inc. <br />