Laserfiche WebLink
COST ESTIMATE <br />The estimated cost to raise the water level is shown in Table 2, as <br />prepared by the Corp. Table 3 includes items not included in the <br />Corp estimate and shows the total estimated construction cost. <br />The unit costs used by the Corp in 1990 are used without indexing <br />because they appear to be reasonable. <br />The Corp used an amount of 30$ for contingencies. Engineering and <br />administration is estimated at 15$ which includes preparation of <br />plans and specifications and construction observation. The land <br />cost of $500 per acre is included. <br />The required permits should be minimized because it is a <br />reconstruction of an existing dam nor should there be an increase <br />in the historical consumptive use. The need for environmental <br />compliance permits should be investigated. <br />FINANCING <br />The Henrylyn Irrigation District cannot fund nor repay the entire <br />cost of the project. Repayment of a Large portion of the cost by <br />other entities would be necessary for the project to be realistic <br />for the District. <br />The District presently assess $13 per acre for 32,..800 acres.. The <br />total annual budget is about $500,000. The District presently has <br />two loans with the CWCB; for original amounts of $653,000 and <br />$260,000 which have been paid down to $440,000 and $189,000 <br />respectively. The annual payments are $28,248 and $15,152, for a <br />total of $43,400. <br />The District will not, in the near future, reconstruct Bootleg and <br />enlarge Prospect. The financial analysis herein assumes that <br />Bootleg will be reconstructed with financial assistance from other <br />entities. <br />Repayment summaries are shown in the following table, without <br />trying to allocate costs to the purposes. <br />RECOMMENDATIONS <br />Arrangements must be made with the CWCB and others to repay the <br />flood control benefits of the project. Until this is accomplished <br />there is little need to continue. <br />The enlargement of Prospect Reservoir appears to be the better plan <br />for increased storage because the cost is only slightly more for 3 <br />times the storage and no other entities are involved. <br />Bootleg Dam 11 <br />