C150301 feas study - Laserfiche WebLink

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Proposed Implementation Schedule Assuming loan approval in January 2010, a bid package would be immediately issued to solicit competitive bids on the portion of the priority work that does not require an engineering design per se. The intent would be to award a contract for this work in a timely fashion so that some work could be completed before the canal becomes operational in April 2010. Engineering design work would begin immediately after loan approval for those elements of the project that require engineering design and construction documents. This design work and construction documents would be reviewed and approved by the RD&AEC Board and CWCB staff over the period of February 2010 to March 2010 so that competitive bids can be solicited from qualified contractors in March 2010. Contract award is anticipated in later March or early April 2010. Some construction will likely be started as soon as the canal is shut down in the fall of 2010. The repair of the RD&AEC river diversion is anticipated to be a part of Spring 2010 construction and a period from more or less April 1 to April 15 is considered to be suitable for the river diversion work. Other elements of construction would be accomplished concurrently with the river diversion work, potentially by other qualified contractors. Permittinq All easements and rights-of-way are already in effect and no new easements are anticipated except for the need to negotiate the canal realignment work with adjacent landowners. Any landowner negotiations would occur during January 2010. The Company expects to be exempt from 404 permitting by Statutory exemption, 33 CFR Section 323.4(a) 3. This assumption will be confirmed with the Army Corps of Engineers as soon as possible. Institutional Considerations Entities that are, or may be, involved in the design, construction, and financing of the project include: Riverside Ditch & Allen Extension Company (design review, financing, and project management) Colorado Water Conservation Board (financing and construction drawing review) Financial Analvsis & Credit Worthiness Total estimated project cost is $204,600. Riverside Ditch & Allen Extension Company expects to borrow 90% of this amount from the Colorado Water Conservation Board and to pay for 10% of this amount outright from existing Company resources to include recent engineering and canal evaluation to prepare this feasibility study. Aqua Engineering, Inc. Riverside Ditch & Allen Extension Co., Feasibility Study October 2009 - 8 -