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o Eckhardt Farms as a whole will be benefiting from this project. This is <br />going to give Eckhardt Farms the opportunity to grow in size and will help <br />with yearly operations. Frank, Steven, and David Eckhardt will all benefit <br />as directors but so will all of the employees at Eckhardt Farms. This <br />proposed project will help the employees to work in a less stressful <br />environment when issues such as water shortages are at hand and will <br />provide a better atmosphere for the current and the future employees at <br />Eckhardt Farms. The families of Frank, Steven and David will also benefit <br />from this project because it will provide a brighter future for generations <br />to come. If projects such as this proposed project are being started now it <br />sets a good precedence for the start of future projects to help expand and <br />help the farm land that Eckhardt Farms owns and leases. <br />e. Spqcial Considerations <br />o All special Considerations have already been completed by Leonard Rice <br />Engineers, Inc. A full report of the Study has been provided. See Appendix <br />3 for full report. <br />5. Selected Alternative <br />a. Project Description <br />o Eckhardt Farms Corporation would like to purchase and take the <br />ownership of 21 shares of Western Mutual Ditch Company water from <br />United Water. The 21 shares of water are listed $70,000.00 per share <br />making the total cost of the project $1,470,000.00. These shares of water <br />will be used to increase the productivity of the Peckham- Reifschneider <br />Farm and increase the value of the land. The loan will be granted by the <br />30 y Colorado Water Conservation Board and will be under either a 30 year <br />-Vi-if Y1 term at 1.75% per annum or 20 year term at 1.5% annum. This project is <br />-5.Q LPG -Od. set to begin as by November 30, 2012 and have a final agreement by <br />December 15, 2012. <br />b. Mw <br />o See Appendix 4 for a map of project area <br />c. Field Investigations <br />o Leonard Rice Engineers was contacted and hired by Eckhardt Farms <br />Corporation in early summer of 2012 and asked to investigate the <br />proposed water rights on the Western Mutual Ditch Company. Leonard <br />Rice Engineers completed the investigation on July 30, 2012 and <br />presented a full report of the water that was investigated. See Appendix 3 <br />for the full report. <br />Eckhardt Farms Corporation 5 <br />