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PROJECT SCHEDULE <br />TASK <br />START DATE <br />FINISH DATE <br />1. Final Design <br />Upon NTP <br />NTP + 45 days <br />2. Proposal <br />Solicitations <br />NTP + 45 days <br />NTP + 60 days <br />3. Pipeline <br />Construction <br />NTP + 75 days <br />NTP + 245 days <br />4. Booster Station C <br />Construction <br />NTP + 75 days <br />NTP + 170 days <br />S. SCADA Installation <br />NTP + 170 days <br />NTP + 245 days <br />6. Emergency Standby <br />Generators <br />NTP + 120 days <br />NTP + 170 days <br />Impacts <br />There are positive effects on the natural environment as a result of this project. <br />• Fire hydrants make farmstead and wildland firefighting possible in the project area. <br />• The Company's Colorado Canal shares and leased Pueblo Water Works shares will not be <br />diverted into the canal at Boone, but will remain in the Arkansas River, improving aquatic and <br />riparian habitats. These benefits are hard to quantify, but there will be a benefit. <br />• Increased water availability will allow for improved dust abatement at the feedlot, improving air <br />quality in the region. <br />Institutional Feasibility <br />As project partner, Crowley County has prepared a Memo of Understanding to capture their agreement <br />to work cooperatively to complete this water project. The County and the Feedyard are working <br />together to establish easements where necessary. No permitting problems are anticipated. <br />Financial Feasibility Analysis <br />The loan amount requested is $2,500,000, to be financed at 1.75% over 30 years. <br />Ordway Cattle Feeders income will be the source of funds for loan repayment. <br />Cost /Benefit Analysis <br />The cost per year of this loan will be approximately $107,000. <br />If the company were to take no action, the cost would be challenging to quantify, even assuming that the <br />business remains financially viable. The cost per year of the net loss of 850 ac ft due to <br />transit /evaporative loss varies greatly. A one -year purchase of 850 ac ft on the spot market to cover the <br />loss might cost $100 - $200 per ac ft this year, a total of $85,000 - $170,000. Longer term purchases on <br />the spot market are more expensive. And the cost might double between one year and the next, <br />depending upon availability. Front Range municipalities may not sell any water on the spot market in <br />2013, in an attempt to refill reservoirs. <br />It is likely that this project will save the company between $1.5 and $5 million dollars over the life of the <br />loan. <br />