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COST ESTIMATE The estimated cost to repair the dam is shown in Table 1. The unit costs are approximately 50~ higher than normal costs because of the difficult access problems associated with getting equipment and materials to the site. Transport of fuel for the equipment will be very costly. A mobilization cost of $100,000 is assumed for both Granby #12 and Big Battlement dams. The amount was split approximately by the ratio of total construction costs, resulting in Big Battlement being allocated $80,000 for mobilization. Obviously, if more favorable arrangements can be negotiated with the Forest Service to make access easier, the cost of the project could be reduced significantly. An amount of 30$ is added for contingencies, which is slightly higher than the normal 20$ because of the access problems. Engineering and administration is estimated at 15~ which includes: materials testing, preparation of plans and specifications and construction observation. The land is owned by the US Forest Service but permitted to the Ditch Company so there is no land cost. However, permits to perform the work and excavate borrow material will be necessary, which may include an environmental assessment. Obtaining these permits could potentially delay and increase the costs of the project and should be initiated as soon as practical. FINANCING The cost for this work is large for the City of Delta and is expected to require financing. The construction is predicated upon the sale of water to the hydropower company and possibly to the aquaculture company as well. If those agreements happen, then the City would be able to borrow the funds at one of the normal CWCB financing arrangements. Table 5 shows various financing options. Options 1 and 2 are the standard financing terms; Options 3 and 4 show the increased annual payment for shorter repayment periods. Option 2, 4$ for 30 years is suggested. Big Battlement Dam 14