My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
C150240 Feasibility Study
CWCB
>
Loan Projects
>
DayForward
>
0001-1000
>
C150240 Feasibility Study
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/8/2015 2:10:33 PM
Creation date
3/4/2008 10:53:26 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150240
Contractor Name
Bull Creek Reservoir, Canal & Power Company
Contract Type
Loan
Water District
0
County
Mesa
Loan Projects - Doc Type
Feasibility Study
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
225
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
' <br />, <br />' <br />' <br />an interim loan up to ;�50,000, and has subsequently increased this to cover final design and <br />permitting costs. See Appendix E for a letter detailing the Reservoir Company's commitment to <br />alternative financing. This letter is from 2004. At the request of CWCB, a specially called <br />Stockholders' meeting will be held December 9, 2006 in Mesa, Colorado. The purpose of this <br />meeting is to allow stockholders to formally vote on the current proposal. <br />' COLLATERAL <br />' As security for the CWCB loan, the Reservoir Company has pledged the value of Bull Creek <br />Reservoir No. 4(see Appendix E, Commitment of Collateral). For purposes of this loan <br />' application the Reservoir Company has estimated the value of stored water as_ $3,000/AF; at <br />418 AF this is a total of $1,250,000. The Reservoir Company has further committed to adjusting <br />' assessments to cover the cost of servicing this loan and to cover associated operating <br />expenses. <br />ECONOMIC ANALYSI� <br />The economic analysi� is best viewed from opportunity cost vs. return on investment. The <br />opportunity cost is the loss of 312.69 AF of senior water rights. The current value of these rights <br />is conservatively valued within a range of $780,000 to $1,094,000 ($2,500 to $3,500 per AF). <br />Based on similar construction of new facilities, e.g. taking a"replacement cost" view of <br />valuation, this would pl�ce the cost per acre-foot more in the $10,000 to $12,000 per AF range. <br />This would produce a"high" range of $3.1 to $3.8 million. Viewed from this perspective, the <br />cosUbenefit ratio varies from approximately 1.0 to 4.0 to 4.7. <br />Regardless of the methodology used, the value of the water rights will continue to increase, <br />particularly as domestic demand continues to drive the value of rights. <br />SOCIAL AND PHYSIC�►L IMPACTS <br />The project will have no significant negative social impacts, since it will assure the continued <br />operation of a currently existing irrigation system. The project is scheduled to be completed in <br />Bull Creek Reservoir, Canal and Power Company <br />Bull Creek Reservoir No. 4, Feasibility Study <br />Nov. 30, 2006 Page 12 of 13 <br />
The URL can be used to link to this page
Your browser does not support the video tag.