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<br />15.0 ECONOMIC ANALYSIS <br />The selected alternative is technically and financially feasible. There are no significant roadblocks <br />which would keep the Ogilvy Augmentation Company from successfully completing this project. <br />The following summary provides a breakdown of the unit costs for the project. <br />Total Project Cost: <br />Total Cost Per Well: <br />Cost Per Well Per Year: <br />Cost Per Acre Irrigated: <br />Cost Per Acre Irrigated Per Year: <br />$ 47,766 x 30 years + $ 111,085 = $1,544,065 <br />$1,544,065 - 17 wells = $90,827 <br />$1,544,065 _ 17 wells _ 30 years = $3,027.58 <br />$1,544,065 = 1,400 acres = $1,102.90 <br />$1,544,065 - 1,400 acres _ 30 years = $36.76 <br />16.0 SOCIAL AND PHYSICAL IMPACTS <br />The project will have no significant social impacts, since it will assure the continued operation of 17 <br />irrigation wells within the service area, resulting in the continuation of historical agricultural <br />operations. The project will have minor physical impacts as the proposed reservoir will occupy <br />approximately 10 acres of land historically utilized as non-irrigated pasture ground. No farm or <br />pasture land will be removed for the recharge reservoir development, and it will therefore have no <br />impacts. <br />17.0 CONCLUSION <br />1. The OAC is an incorporated entity in the State of Colorado with the ability to enter into a <br />contract with the CWCB for the purpose of obtaining a Construction Fund loan. <br />2. The project will provide augmentation water rights, reservoir storage and measurement <br />and instrumentation equipment necessary to obtain and operate a permanent plan for <br />augmentation needed to allow un-curtailed pumping of irrigation wells within the OAC. <br />3. The total estimated cost of the project is $1,110,850 and this will be financed, in part, by <br />OAC and from the CWCB Construction Fund. <br />4. The project is technically and financially feasible. <br />Feasibility Study of the Ogilvy Augmentation Company <br />Well Augmentation Project <br />Page 23 <br />