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Expected <br />Minimize Reliable <br />Project Environmental & Freezing Future <br />Alternative Descri tions Bud et Sociallm act Problems O erations <br />No Action No Structural - Moderate No Low <br />Modifications <br />Alternative Pump Station $2,520,000 Minimal Yes High <br />No. 1 & Pipe to <br />Evans Gulch <br />Alternative Pump Station $2,820,000 Moderate Moderate High <br />No. 2 & Pipe to <br />Existing <br />Canterbury <br />Wet Well <br />Wheeler recommends that the District consider immediate implementation of Alternative <br />No. 1 because, if initiated during mid July 2010, it could be completed by the end of <br />November 2010 and this alternative would result in a repair that would allow more <br />reliable operation of the distribution system during the following winter and for the future. <br />With a total budget of $2,520,000, the District has documented it is capable of funding <br />$700,000 of the total project budget with grant funds it has obtained. The remaining <br />$1,820,000 would be financed through a CWCB loan of 4 percent over a 30-year <br />repayment period, amounting to an annual repayment requirement of $105,251. A <br />financial plan prepared as part of this report documents that the District can repay the <br />annual loan payment based on its current rate structure during the 30-year life of the <br />loan. <br />_J W. (U. Ulheelsr and Associot¢s, Ine 5/19/2010 Final <br />—� Wotmr Rssouress Enginsars Page ii <br />