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Alternative #3 Cost Estimate <br /> New Cache La Poudre Irrigating Co. Shares <br /> Irrigation use only (Market Value of$38,000) <br /> 34.5 shares $1,311,000 <br /> Cache La Poudre Reservoir Co. Shares <br /> Irrigation use only (Market Value of$18,000) <br /> 4.0 shares $72,000 <br /> Change Case Legal Expense (Estimated) $80,000 <br /> Change Case Engineering Expense (Estimated) $60,000 <br /> Total Cost Equivalent to Subject Shares $1,523,000 <br /> Selected Alternative <br /> Lower Poudre Augmentation Company has chosen Alternative #2 as the desired <br /> alternative. LPAC does not feel that the other alternatives meet the goals of the <br /> project or add a level of efficiency, value, or long term water reliability, as compared <br /> to Alternative #2. Alternative# 2 meets the project goals by enabling LPAC to <br /> guarantee a more reliable water supply for more of the augmentation plan. <br /> Project Impacts <br /> This project is not anticipated to have any negative impacts to the area. The project <br /> allows for the efficient utilization of the water rights. It also will keep the water rights in <br /> agriculture as opposed to the potential for them to be sold off to municipal uses. <br /> The project will have a positive economic impact on the area by providing a more <br /> reliable water supply for the farms and in the long term reducing potential water <br /> shortages. <br /> The project will have allow for the water to continue to be utilized within the New <br /> Cache La Poudre Irrigating Company system and thus will be a benefit to the <br /> NCLPIC. <br /> Permitting Requirements <br /> No permitting is required for this project. <br /> Implementation Schedule <br /> 10 <br />