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Conclusion <br />Terrace Irrigation Company, Inc. is a non - profit corporation in the State of Colorado with the <br />ability to enter into a contract with the CWCB for the purpose of obtaining a loan for the <br />replacement costs of the Terrace Spillway. <br />The project would restore the reservoir to the original storage capacity, which will provide <br />multiple beneficial uses for the downstream community. <br />The total estimated cost of the project is $4.42 million of which the requested loan amount would <br />only be 22.5% of the entire project. <br />The project is technically and financially feasible. <br />