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Soeial, Economic, and Physical Impacts <br />The project will have no significant social impacts. <br />Although shareholders in the DSIC will be impacted with increased <br />assessments for construction and loan repayment, the project will <br />have a long term positive economic impact by assuring continued <br />diversions into the Deuel and Snyder Canal. <br />The project will have no significant physical impacts once <br />construction is complete. The new gate structure will occupy the <br />same area as what exists now. <br />Permitting <br />All easements and rights of way have been arranged for. <br />The Company expects to be exempt from 404 permitting by Statutory <br />exemption, 33 CFR Section 323.4(a)3. <br />Financial Plan <br />The totaZ cost of the project is $100,000. $90,000 or 90a may <br />come from a loan with the Colorado Water Conservation Board, and <br />the remainder from the project sponsor, DSIC. The CWCB Loan <br />Application is found in Appendix D. The DSIC is in good financial <br />condition. <br />A$90,000 CWCB loan at 2.50o interest over a 30-year repayment <br />period would calculate to an annual payment of approximately <br />$4,300. The loan payment of $4,300 amounts to an additional <br />assessment of ~26.70 per share or approximately $0.94 per acre <br />feet diverted. The $26.70 will be added to the existing share <br />assessment of $165.00 per standard share (140 total) and $150.00 <br />per meadow right share (21 total) bring the DSIC yearly <br />assessment to $191.70 and $176.70 per share respectively. This <br />increase will stay in effect throughout the duration of the loan. <br />The increased assessment will bring in the extra revenue needed <br />to cover the CWCB payment. This financial analysis should stay <br />consistent over the period of the CWCB debt retirement. <br />Feasibility Study <br />Deuel ~ Snyder Improvement Company <br />River Sand Gate Structure <br />February 2009 <br />6 <br />