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Conclusions and Recommendations <br /> The following conclusions have been formulated as a part of preparing this feasibility <br /> study: <br /> 1) The Greeley Irrigation Company is an incorporated entity in the State of <br /> Colorado with the ability to enter into a contract with CWCB for the purpose of <br /> obtaining a Construction Fund loan. <br /> 2) Existing rights-of-way and easements are adequate for the construction of <br /> this project. <br /> 3) The project will provide for the continued delivery of irrigation and <br /> augmentation water to shareholders. <br /> 4) The total estimated cost of the project is $2,457,500 and this will be financed <br /> largely (90%) by an anticipated loan from the CWCB. <br /> 5) The project is technically and financially feasible. <br /> Aqua Engineering, Inc. Greeley Irrigation Company, Feasibility Study <br /> December 2006 - 9 - <br />