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COST ESTIMATE <br />The estimated cost to construct the Beaver Creek Dam is shown in <br />Table 5 and Bear Creek Dam in Table 6. The unit costs are based <br />upon unit cost for rural areas of the state. The land cost is <br />estimated at $1000 per acre. <br />An amount of 30$ is added for contingencies, which is slightly <br />higher than the normal 20$ because the unit costs are not firm. <br />Engineering and administration is estimated at 15$ based which <br />includes: permit applications, preparation of plans and <br />specifications and construction observation. <br />A 404 permit will be needed from the Corp of Engineers which will <br />trigger endangered species consultation and wetlands evaluations. <br />The Beaver Creek site does not appear to have any obvious <br />environmental problems but the process could be lengthy. <br />FINANCING <br />Even though Beaver Creek Dam and Reservoir would be constructed by <br />the DWCD, the repayment would be provided mostly by other sources <br />which might include: Federal Government, Division of Wildlife, <br />etc.. The process to arrange the repayment has not been identified <br />and the costs and financing herein may be the motivation to pursue <br />construction of the reservoir. <br />Assuming that the reservoir might be ready for construction in the <br />near future, Table 7 shows several financing options assuming <br />financing from the CWCB. Option 1 is the standard CWCB loan terms <br />as of December, 1993; the terms change with national interest <br />rates. The other options are better terms which might be available <br />but with special CWCB approval. <br />RECOMMENDATIONS <br />Beaver Creek Dam and Reservoir is significantly less costly than <br />Bear Creek Dam and Reservoir, even though the latter is more <br />centrally located. Beaver Creek probably offers the best reservoir <br />site in the upper Dolores River drainage. <br />Beaver Creek Dam and Reservoir is a relatively inexpensive site and <br />could offer significant cost advantages if additional storage would <br />solve the fishery problem. The site should be kept on the "back <br />burner" in the event that additional storage is needed. There are <br />no specific recommendations on how to proceed with development <br />because the entities to repay the costs are not determined. Bear <br />Creek dam is probably very costly and other alternatives should be <br />investigated. <br />Beaver Creek Dam 17 <br />