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Fesability Study
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Fesability Study
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Last modified
4/1/2014 11:01:56 AM
Creation date
4/1/2014 11:01:07 AM
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Loan Projects
Contractor Name
Pine River Irrigation District
Contract Type
Loan
Loan Projects - Doc Type
Feasibility Study
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An extensive application was required to receive RD funding which includes financial analysis <br /> as well as other items, this information is available. The project cannot begin without the <br /> $600,000 needed for pre-construction work and the $300,000 requested herein is critical. <br /> Without this funding it is possible that the citizens of LaPlata County may loose $8 million in <br /> construction funds from Rural Development because the pre-construction work cannot be <br /> performed. PRID has already invested about $200,000 to accomplish the work to date and does <br /> not have any additional capital for pre-construction work. <br /> The District has also applied for and received up to $455,000 in funding from the CWCB for the <br /> raw water facilities to deliver water to the treatment plant. However, with the change in location <br /> of the treatment plant to near Bayfield rather than at Vallecito Dam, as described in the <br /> Alternatives section, the amount needed for raw water facilities is expected to be considerably <br /> less than the previously approved project. When designs are completed on the treatment plant <br /> and raw water facilities, appropriate adjustment will be made to the previously approved loan. <br />� I <br /> 3 <br />
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