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<br /> <br />Page | 11 <br /> <br /> <br />Georgetown Lake Dam Outlet Modification Project – Georgetown Colorado <br /> Alternative 3 removes the project from the State Engineer’s Office jurisdiction (because it <br />is completely separate from the dam). <br />Subsequent to the Outlet Study, there have been recent infrastructure improvements in the <br />immediate surrounding area to the dam. Such improvement do not have a nexus to the Project <br />contemplated herein, however such recent infrastructure improvements may have implications <br />in terms of whether or not the suggested best solution as noted in the Outlet Study is still the <br />best solution. <br />The Town has currently based its financial model and Project description on the 2007 Outlet <br />Study’s best solution, e.g., alternative #3, but part of the Project does provide for confirmation of <br />whether or not the Outlet Study’s recommendation is indeed still valid and whether or not <br />there are potentially any new and viable alternatives that the Town may be able to avail itself <br />off. Part of the requested funding includes design efforts in which part of the design efforts will <br />include reevaluating the 2007 Outlet Study recommendation. Resultantly the final engineering <br />solution may be different than what was recommended in the 2007 Outlet Study. <br /> <br />X. P ROJECT P RO -F ORMA C OST <br />Based upon the Outlet Study report and adjusting the cost projections for the time-value of <br />money, the project costs are as outlined in Table #1. <br />Description Est. Cost <br />Engineering Costs 1 $225,000 <br />Construction Costs 2 $2,800,000 <br />Other Costs 3 $250,000 <br />Total $3,275,000 <br />Table #1 – Forward Looking Pro-Forma Project Costs (2011 Dollars) <br />