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Add ndum to Center of Colorado Water Conservancy District's Loa Application to CWCB for Smelter Pipeline Reservoir Project Pact 4 repayment term), Center's annual debt service would total $134,000.00, or approximately 32% of general fund revenues. Center has no other debt or obligations. The contract to be awarded to Hudick Excavating is for $565,800.00 and the loan amount requested is for $400,000.00. The requested loan amount is approximately 70.10% of the construction costs. F. Water Rights. The Center of Colorado does not need to obtain any new water rights in order to make full use of the SPR as all decrees necessary are already obtained. G. Project alternatives. The SPR is an off - channel facility constructed adjacent to Mosquito Creek. The SPR is the adjudicated augmentation water source for the Adventure Placer Subdivision as adjudicated in Case No. 80CW194, District Court, Water Division No. 1. At the time Center acquired the SPR in 2005, it agreed with the Seller of the SPR that it would assume the augmentation obligations for the Adventure Placer Subdivision. Since the SPR is already required to be the augmentation release source for an existing subdivision on Mosquito Creek and it is an existing structure with existing inlet and outlet works, there are no reasonable alternatives for the location of the SPR. H. Impacts. The Project is for the reconstruction of the existing SPR and the inlet and outlet works. Center has obtained the 404 permit for the project and no environmental impacts associated with the project were identified. Park County has determined that the County's 1041 permit regulations do not apply to the Project. I. Design features. The Project consists of four main components: 1) reshaping, deepening and enlarging the existing structure from 21 AF to 28 AF; 2) reconstructing the diversion inlet and pipeline from Mosquito Creek to the SPR; 3) lining of the modified structure with a PVC liner; and 4) reconstruction of the outlet works. The Project Manual including the plans and specifications for the Project are attached. Also attached are copies of the Hudick Excavating Bid and the Bid Modification Schedule. The original bid from Hudick Excavating was in the amount of 593,490.00. Subsequent to the receipt of the Hudick bid, Center and Hudick renegotiated several components of the project, thus reducing the total contract with Hudick to $565,800.00. J. Rights of Way. Center of Colorado owns the property upon with the SPR is located. Access to the SPR is from County Road 12 (the Mosquito Pass Road) which is located off of State Highway 9 between the Towns of Alma and Fairplay. No materials are anticipated to be exported or imported to the Project site, thus