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Plan of Study-Greeley and Loveland Irrigation System Rehabilitation Feasibility Study Page 5 <br /> 3. A comparative evaluation will be performed,with the Company's assistance,which will compare each <br /> alternative with all of the other proposed alternatives based on cost, impacts and institutional <br /> considerations. <br /> 4. The project sponsors will be given the opportunity to incorporate their comments and suggestions into <br /> the alternative development phase of the study. Two presentations will be given to the Company to <br /> incorporate their input into the alternative selection phase. <br /> Products: <br /> 1. A memorandum will be prepared describing the methods used in evaluating the alternative elements <br /> including institutional considerations. <br /> 2. Formulation of plan alternatives and the identification of a recommended alterative for the project. <br /> Task 6-Financial Analysis <br /> Objective: <br /> A detailed financial program is required by the CWCB for project funding. The financial program describes <br /> financing arrangements and the sources and uses of fiinds for the entire period of dept retirement. <br /> Methodology. <br /> 1. Identify and describe methods of proposed project financing which could include CWCB loan,loans <br /> t from other agencies,or bank notes. Repayment periods and interest rates associated with each type of <br /> financing will be described. <br /> 2. Ultimate sources of funds for repayment of costs will be described in the study report. The repayment <br /> funds may include assessments,water sales and grants. <br /> 3. A detailed schedule of estimated annual revenues and annual expenditures for the entire period of debt <br /> retirement will be developed. The annual revenues will be estimated and presented for each source of <br /> funds. Annual expenditures will be presented for debt retirement payments for each category of debt, <br /> for operation and maintenance costs,and for payments to reserve funds. <br /> 4. Potential financial impacts of the project on the Company's revenue sources will be addressed in the <br /> study report. <br /> Products: <br /> 1. A thorough understanding of the financial feasibility of the Company's ability to repay all the <br /> reimbursable costs associated with the project. <br /> 2. A memorandum will be prepared describing the development of the financial program. <br /> Task 7-Study Report <br /> Objective: <br /> A study report is the formal documentation of the results and conclusions of all tasks performed for the study. <br /> Methodology: <br /> 1. Incorporate the task memorandums into CWCB report format. The study will be prepared in accordance <br /> with Appendix C of the Guidelines for Financial Assistance through the Colorado Water Conservation <br /> Board Construction Fund. <br /> F:\PROJECTS\GREELE—I\CWCB\GRELOV.PRO <br />