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<br />. Dolores Water Conservancy District - WETPACK II
<br />January 25-26,' 2004
<br />
<br />Agenda Item 208
<br />
<br />crops to be raised are alfalfa, beans and small grains. The Selected Plan consists of construction
<br />for the Yellow J~cket East area to irrigate 1,011 acr(i!s and for the Pleasant View East area to
<br />irrigate 1, 189 acres. The new land will be served in the same manner as existing Project irrigated
<br />land, with delivery boxes for each 160 acres (or less) providing at least 45 psi of pressure and 5.6
<br />gpm per acre at the high point of the field to operate sprinkler systems. Major facilities will include:
<br />· Yellow Jacket East - A new pump station along the Dove Creek Canal, approximately
<br />10,560 feet of pipe ranging in size from 10 inches to 16 inches, and 9 delivery boxes.
<br />· Pleasant View East - A new pump station along the Dove Creek Canal, approximately
<br />15,840 feet of pipe ranging in size from 1 o inches ~024 inches, and 12 delivery boxes.
<br />
<br />Revised cost estimates have been prepared, and the total project cost is estimated to be:
<br />
<br />1.
<br />2.
<br />3.
<br />
<br />Engineering Costs (non-DWCD)
<br />Construction -Yellow Jacket East
<br />Construction - Pleasant View East
<br />TOTAL
<br />
<br />$ 107,535
<br />$1,336,890
<br />$2.247.575
<br />$3,692,000
<br />
<br />The construction designs will be prepared by OWCD ,engineering staff, and OWCD will either utilize
<br />in-house construction crews or bid the work, depending on cost and availability of in-house
<br />, personnel.' An Environmental Assessment has been prepared by'the' USBR for the carriage of nOn-
<br />Project water through the Dove Creek Canal, and Army Corps of Engineers 404 permits Will be
<br />obtained as necessary. The proposed schedule is as follows:
<br />
<br />· Complete 440-acreSandstone West project
<br />. Close existing eWCB Loan
<br />· Yellow Jacket East - Begin Construction
<br />- Complete Construction
<br />Pleasant View East -Begin Construction
<br />- Complete Construction
<br />Close new CWCB loan Loan
<br />
<br />July 2005
<br />December 1, 2005
<br />Spring, 2006
<br />Summer, 2007
<br />, Spring,2007
<br />Summer, 2008
<br />December 1, 2008
<br />
<br />Financial Analvsis
<br />
<br />The total estimated cost of the' project is $3,692,000. For this project the OWCD would qualify for
<br />the agricultural interest rate. Staff is recommending a loan for a maximum amount of $3,323,180
<br />(90% of estimated project cost) for 30 years at an interest rate of 2.5 % per annum. DWCD will
<br />provide $368,820, the local match needed for their portion of the project, through WETPACK
<br />participation fees of $250 per acres collected from landowners.
<br />
<br />: 6000 ac-ft.
<br />
<br />$2,881,000
<br />$2,530,000
<br />$137,559
<br />$3,692,000
<br />$3,323,180
<br />'$158,774
<br />13
<br />2892
<br />$49.39
<br />
<br />
<br />Table 2is a summary of the financial aspeCts of the project. A CWCB loan of $3,323,180 would
<br />have an annual payment of $158,774 at the loan terms of 2.50% for 30 years.
<br />
<br />
<br />Table 2. Financial Summa
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<br />Page 5 of 7
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