C150244 feas study

• Contract/PO #: C150244
• Contractor Name: Wood Lake Mutual Water & Irrigation Company
• Contract Type: Loan
• Water District: 0
• County: Weld
• Loan Projects - Doc Type: Feasibility Study

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TABLE 3
TOTAL PROJECT COST SUMMARY
ITEM ALTERNATIVE 1 ALTERNATIVE 2
1. Construction Cost $ 177,000 $ 123,000
2. Contingency @ 15% $ 27,000 $ 19,000
3. Engineering Fees $ 30,000 $ 20,000
4. Total Project Cost $ 234,000 $ 162,000
6. Cost Per Acre Foot $ 551 $ 382
THE SELECTED PROJECT
The company has chosen Alternative 1 which is the full replacement of the outlet works and service
spillway. The cost of this alternative is estimated at approximately $ 234,000.
Work included in Alternative 1 is as follows:
1. Breach the dam embankment and remove existing outlet works.
2. Replace existing outlet with 30 inch diameter concrete pipe bedded on concrete.
Control structures include the intake structure with gate, gate tower with control gate,
and energy dissipation outlet structure.
3. Install toe drain at the dam emba.nkment toe to intercept seepage.
4. Construct service spillway to be incorporated into the outlet works. The spillway
needs to be designed to pass the 100 year storm as has been confirmed with the Office
of the State Engineer.
5. Place riprap and bedding on the upstream face of the dam in the breach area and at the
energy dissipation structure.
FINANCIAL PLAN
, The WLMWIC plans to apply for a$210,600 loan from the Colorado Water Conservation Board
(CWCB) small projects fund. The remainder of the project will be for with funds raised by
assessments and also with cash the company has available.
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Based on a$210,6001oan at an interest rate of 2.5% for a 30 year term, the required capital for the
project during the year 2007 when the project is planned to be designed and construction completed
is as shown in Table 4. The funds required includes the 1% loan origination fee of $2,106. The
annual payments required to service the loan from 2008 through 2037 are also shown in Table 4 with
the final payment shown as being paid from the certificate-of-deposit. No provision has been made
for providing for a certificate of deposit in the Fund Requirement Schedule as is described later.
Angel Lake Feasibility Study Page 8
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