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<br />I <br /> <br />I <br /> <br />I <br /> <br />operations. The project will have minor physical impacts as approximately 389 acres of historically <br />irrigated farm land that will be dried up and will no longer be irrigated with the subject shares. <br />However, it is expected that native grasses will be established upon the dried up lands, minimizing <br />any adverse physical impacts. <br /> <br />I <br /> <br />I <br /> <br />xv. CONCLUSION <br /> <br />1. <br /> <br />The LLRC is an incorporated entity in the Stat(~ of Colorado with the ability to enter into <br />a contract with the CWCB for the purpose of obtaining a Construction Fund loan. <br />The project will provide augmentation water supply and instrumentation equipment <br />necessary to obtain and operate a permanent plan for augmentation needed to allow <br />uncurtailed pumping of irrigation wells within the Lower Latham irrigation system. <br />The total estimated cost ofthe project is $2,194,275 and this will be financed, in part, by <br />LLRC, standard commercial bank loans, and from the CWCB Construction Fund. <br />The project is technically and financially feasible. <br /> <br />I <br /> <br />2. <br /> <br />I <br /> <br />I <br /> <br />3. <br /> <br />I <br /> <br />4. <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />-9- <br /> <br />I <br />