C150264 Feasibility Study

• Contract/PO #: C150264
• Contractor Name: Lower Latham Reservoir Company
• Contract Type: Loan
• Water District: 0
• County: Weld
• Loan Projects - Doc Type: Feasibility Study

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TABLE OF CONTENTS

I. INTRODUCTION ... .................................................................. ............................................................................... 1

II. PROJECT SPONSOR.............................................................................................................................................. 1

III. PROJECT SERVICE AREA................................................................................................................................... 2
III. WELL PUMPING AND REPLACEMENT OBLIGATIONS................................................................................ 2

IV. NEED FOR THE PROJECT ......................................... ......... ..................................................... ............................ 3
V. AUGMENTATION REPLACEMENT SOURCES ................................................................................................. 3
VI. POTENTIAL REPLACEMENT SOURCE ALTERNATIVES .............................................................................4

A. Lower Latham Ditch............................................................................................................................................ 4

1. Schmidt Farm Water Rights ............................................................................................................................. 5
VII. VALUATION OF WATER RIGHTS ................................................................................................................... 5

VIII. IMPLEMENTATION .......................................................................................................... ................................ 5

VIllI. PERMITTING.......................................................... ............................................ ..............................................6
X. INSTITUTIONAL CONSIDERATIONS ................................................................................... .......... ... ................ 6

XI. FINANCIAL ANALYSIS. ........ ............................... .... ........... .................................................. .......... ................... 6

XII. COLA TERAL..... ................. ............. ................... ............ .... ............ ...................... ..... ...... ......... .......... ...... ............7

XIII. ECONOMIC ANALYSIS ......................................... ..... .......... ... .......................... ........................... ........ ..... .......8
XlIII. SOCIAL AND PHYSICAL IMPACTS ..............................................................................................................8

XV. CONCLUSION ............................................... ....................... ......................... ............. ...................... ... ................8

LIST OF FIGURES

FIGURE 1- GENERAL LOCATION MAP SHOWING THE LOWER LATHAM SERVICE
AREA
FIGURE 2 - GENERAL LOCATION MAP SHOWING THE SCHMIDT FARM PARCEL

LIST OF APPENDICES

APPENDIX A - ARTICLES OF INCORPORATION FOR THE LOWER LATHAM RESERVOIR
COMPANY
APPENDIX B - BYLAWS OF THE LOWER LA THAM RESERVOIR COMPANY
APPENDIX C - 2008 SUBSTITUTE WATER SUPPLY PLAN FOR THE LOWER LATHAM
RESERVOIR COMPANY
APPENDIX D - APPRAISAL REPORT OF THE FOUR SHARES CAPITAL STOCK IN THE
LOWER LATHAM DITCH COMPANY
APPENDIX E - BUDGET REPORTS AND FINANCIAL STATEMENTS OF THE LOWER
LATHAM RESERVOIR COMPANY FOR 2005, 2006 AND 2007.