C150319 Feasibility Study - Laserfiche WebLink

Home Browse Search

Fisher Ditch intends to select a single contract or, from a pool of pre-qualified contractors, to complete the work under this project. The prec eding schedule is based on the assumption that the contractor may have other project obligations which prevent them from completing all projects during the Fall/Winter 2011-2012 season. If the contractor is available and able to complete all projects during this time, then items 6 thr ough 8 will be incorporated in items 3 through 5. Social, Economic, and Physical Impacts The projects described in this report are not expected to have any significant adverse social, economic, or physical impacts to Fisher Ditch sh areholders or third parties. Generally, all work will be completed within the footprint of the existi ng ditch/infrastructure or immediately adjacent to the existing ditch. Minor construction-relat ed disruptions and inconveniences are expected, particularly along Broadway and at the park in t he vicinity of the existing headgate, proposed sand-out, and proposed 1,500-foot piping projects. It is anticipated that shareholder s will be impacted by increased a ssessments, particularly special assessments necessary to repay the loan. The impact of these increased assessments is mitigated through the increased reliability and utility of the repaired/replaced infrastructure, the new infrastructure designed to reduce ditch maintenance obligations, and the 30-year term and favorable loan rate offe red by CWCB. Further, Fisher antic ipates allowing shareholders the option to “pre-pay” their aggregate loan obligation and interest accrued during construction before the loan substantial completion date. This will a llow all shareholders to structure the obligation associated with completion of this work flexibly and in a manner which best suits their current financial condition. Institutional Feasibility Permitting Potential permit requirements are summarized below: 1. Stormwater permit (disturbance of greater than 1 acre) from Adams Co., in accordance with newly-adopted regulations, may be required. 2. Dewatering permit from CDPHE may be required for Projects 3 and 4, depending on conditions encountered during construction. 3. Construction in the Broadway right-of-way is anticipated to require coordination and permitting with CDOT. 4. Nationwide permit No. 18 (NWP 18) is anticipated to apply to work completed under Project 3. Fisher Ditch will coordina te with USACOE during the CWCB loan review/approval process to initiate this permit and obtain the necessary approvals. 5. Temporary construction easement(s) may be required with Adams County for construction access and temporary disturbanc es in the Lowell Street Trailhead park for Projects 1, 3, and 4. Additional pedestrian sa fety signage, trail closure notifications, etc. will also be provided in these areas. Financial Feasibility Analysis Loan Amount and Financing Sources The total cost opinion for Projects 1 through 4, including a reasonable contingency for permitting, adverse construction conditions, and other unforesee n circumstances is $505,140 (Table 7). The loan amount will be for 90 percent of the overall project cost, while the remaining 10 percent will be provided through shareholder special assessments and company cash reserves. No other sources of financing have been sought to as sist in offsetting costs for the project. 15