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Hillrose plans to pursue alternative #3. Features of this <br />alternative are as follows: <br />l. Purchase 6 shares of the LP&B Company. <br />As mentioned before, the effects of this alternative are <br />immediate. Along with the purchase of the shares there will be <br />some minor costs associated with engineering, appraisal, and <br />acquisition. <br />Water Rights <br />Hillrose currently has the water right decreed with the one well <br />used for the town and the shares of reservoir water previously <br />purchased with a CWCB loan. <br />The water for purchase is decreed as follows: <br />The Lower Platte & Beaver Canal Company <br />9-4-1882 for 38 cfs <br />4-15-1888 for 284 cfs <br />1972 augmentation plan <br />The direct flow portion is not as important to Hillrose as they <br />do not take delivery of their direct flow water. The augmentation <br />plan covering the well pumping is the key component for Hillrose <br />and the LP&B 1972 plan would be considered a very senior <br />augmentation plan. <br />Cost Estimate <br />The estimated total project cost is $55,000. <br />TtPm <br />1. Water Costs <br />2. Appraisal Costs <br />3. Acquisition Costs <br />4. Engineering Costs <br />Total Cost <br />Implementation Schedule <br />Estimated Cost <br />$ 48,000 <br />$ 500 <br />$ 5,000 <br />$ 1,500 <br />$ 55, 000 <br />Feasibility Study A <br />Hillrose Water Rights Project `f <br />June 2007 <br />