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<br />e <br /> <br />e <br /> <br />e <br /> <br />COST ESTIMATE <br /> <br />The estimated cost to construct the dam is shown in Table 3. <br />The unit costs are based upon typical construction costs in rural <br />areas. The spillway cost is estimated to be 50% of the embankment <br />cost to include adequate funds for the type of spillway that is <br />eventually selected. <br /> <br />An amount of 30% is added for contingencies, which is slightly <br />higher than the normal 20% because the unit costs are not firm. <br />Engineering and administration is estimated at 15% which includes <br />preparation of plans and specifications and construction <br />observation. <br /> <br />The dam and reservoir are on private land. The purchase price is <br />estimated to be $4000 per acre for about 150 acres. <br /> <br />A 404 permit will be required which will trigger endangered species <br />consultation and wetlands mitigation. The recent experience of the <br />Colorado River Water Conservation District in obtaining permits and <br />agreements to construct a reservoir near the Colorado River does <br />not bode well for timely construction of dams. <br /> <br />FINANCING <br /> <br />The cost for this work will require financing. The District is <br />currently in the process of attempting to finance and construct a <br />$10 million wastewater treatment plant, which leaves little cash <br />nor bonding ability for a large reservoir. For this reason, 100% <br />financing of the reservoir is assumed. <br /> <br />Table 4 shows two financing options assuming 100% funding by the <br />CWCB. Options 1 and 2 are standard CWCB loan terms as of December, <br />1993; the terIlls change with national interest rates. Either Option <br />is recommended, the choice will be based upon the District. s <br />repayment ability. <br /> <br />East Lake Creek Dam <br /> <br />11 <br />