Laserfiche WebLink
imposed zero storage restriction. If five vertical feet of storage can be safely added above <br />the current restricted level, total reservoir storage is approximately 12,500 AF and if 10 <br />vertical feet is added, storage increases to 18,600 AF. Assuming the project has a an upper <br />limit total cost of approximately $1,783,300, this results in a cost per acre-foot of $143 <br />for the lowest projected storage capacity and $96 for the maximum projected storage <br />capacity. By comparison to a$1,000/AF for the creation of new storage, the selected <br />alternative is financially viable. <br />F) PERMITTING <br />No work is envisioned in the stream channel below the dam and no work which would <br />affect water quality is anticipated. Based on this preliminary analysis, there does not appear <br />to be any federal nexus requiring permits. No county building or special use permits <br />are required. SEO approval of the designs, plans and specifications is the only identified <br />permitting process. <br />G) IMPACTS <br />The positive impacts of the proposed project include maintaining valuable reservoir storage <br />for v~iable agribusiness and wildlife habitat. The only negative impacts result from not going <br />forward with the project and results in loss of the valuable water resource and degradation <br />of wildlife and aquatic stream habitat. <br />H) IMPLEMENTATION SCHEDULE <br />Assuming timely SEO plan approval, project construction would commence during the <br />winter of 2009 or 2010. <br />FINANCIAL PROGRAM <br />A) AMOUNT OF LOAN REQUESTED <br />The estimated total project cost is $1,783,000 and HCIC is requesting to borrow 90% of this <br />amount which is 1,604,700. <br />B) SUMMARY OF PROJECT FUNDING AND REPAYMENT SOURCES <br />The project will be entirely funded through an increase in share assessment. The 10% <br />owner supplied project funds will be provided through a one-time share assessment and <br />the annual loan repayment will be funded through a continuing increased annual share <br />assessment which will remain in effect through total loan repayment. <br />C) ANNUAL COMPANY REVENUE AND EXPENDITURE PROJECTIONS FOR <br />LOAN REPAYMENT PERIOD <br />Please refer to Appendix B for these projections. <br />Cucharas Feasibility Study ~ Financial Program <br />