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Conclusions <br />1. The Kenosha Trout Club is an incorporated entity in the State of Colorado with the ability to <br />enter into a contract with the CWCB for the purpose of obtaining a Construction Fund loan. <br />2. The project would provide for the continued recreation activities for the share holders. <br />3. The total estimated cost of the project is $800,000 and will be financed by $200,000 in funds <br />from the KTC for engineering and construction services and by a$600,000 CWCB loan for <br />augmentation water and construction. <br />4. The Kenosha Trout Club will need to obtain an independent appraisal of the water rights to <br />be purchased for the augmentation water. <br />Opinion of Feasibility <br />The project appears to be technically and financially feasible. <br />Kenosha Trout Club Page 9 of 9 <br />Feasibility Study - Augmentation Water Purchase 1038KTCO2 <br />March 2001 <br />