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Permitting <br />Robert and Helen Raymond, who are also managing members of Raymond Dairy, Inc. own the <br />property in question and currently lease this property to Raymond Dairy, Inc. Reconstruction of <br />this ditch will take place along the old right-of-way and will not require the involvement of the <br />Army Corps. of Engineers. <br />Institutional Considerations <br />Entities that are or may be involved in the design, construction, and financing of the project <br />include: <br />• Natural Resources Conservation Service (NRCS): $32,000 grant (approx. 30% cost <br />share), design, construction supervision, and inspection <br />• Colorado Water Conservation Board (CWCB): Financing (approx. 70% of total cost) <br />Financial Analysis and Summary <br />Raymond Dairy, Inc. is applying for a loan from the CWCB in amount of $95,000 from the <br />CWCB to cover approximately 70% of the total cost of construction and materials. A grant from <br />the NRCS in the amount of $32,000 will applied toward the total cost of the project which will <br />account for approximately 30% of the total project cost. <br />Table 2: Sources of Funding <br />_ ------�-- --_ _ --;_ -. � <br />� Entity � Grant Short-Term Loan � Long-Term Loan <br />�___ _ _ .____._ ___._ _. _.w .� �__ ___._.__. _.._..� _. <br />