BOARD00239 - Laserfiche WebLink

Home Browse Search

I . . . Dolores Water Conservancy District - WETPACK iI January 25-26. 2004 Agenda Item 20a crops to be raised are alfalfa, beans and small grains. The Selected Plan consists of construction for the Yellow Jacket East area to irrigate 1,011 acres and for the Pleasant View East area to irrigate 1,189 acres. The new land will be served in the same manner as existing Project irrigated land, with delivery boxes for each 160 acres (or less) providing at least 45 psi of pressure and 5.6 gpm per acre at the high point of the field to operate sprinkler systems. Major facilities will include: . Yellow Jacket East - A new pump station along the Dove Creek Canal, approximately 10,560 feet of pipe ranging in size from 10 inches to 16 inches, and 9 delivery boxes. . Pleasant View East - A new pump station along the Doye Creek Canal, approximately 15,840 feet of pipe ranging in size from 10 inches to 24 inches, and 12 delivery boxes. Reyised cost estimates haye been prepared, and the total project cost is estimated to be: 1. 2. 3. Engineering Costs (non-OW CD) Construction -Yellow Jacket East Construction - Pleasant View East TOTAL $ 107,535 $1,336,890 $2,247.575 $3,692,000 The construction designs will be prepared by DWCD engineering staff, and DWCD will either utilize in-house construction crews or bid the work, depending on cost and availability of in-house personnel. An Environmental Assessment has been prepared by the USBR for the carriage of non- Project water through the Doye Creek Canal, and Army Corps of Engineers 404 permits will be obtained as necessary. The proposed schedule is as follows: . Complete 440-acre Sandstone West project Close existing CWCB Loan . Yellow Jacket East - Begin Construction - Complete Construction Pleasant View East - Begin Construction - Complete Construction Close new CWCB Loan Loan July 2005 December 1, 2005 Spring, 2006 Summer, 2007 Spring, 2007 Summer, 2008 December 1, 2008 Financial Analvsis The total estimated cost of the project is $3,692,000. For this project the DWCD would qualify for the agricultural interest rate. Staff is recommending a loan for a maximum amount of $3,323,180 (90% of estimated project cost) for 30 years at an interest rate of 2.5 % per annum. DWCD will provide $368,820, the local match needed for their portion of the project, through WETPACK participation fees of $250 per acres collected from landowners. Table 2 is a summary of the financial aspects of the project. A CWCB loan of $3,323,180 would have an annual payment of $158,774 at the loan terms of 2.50% for 30 years. T bl 2 F . I S a e . mancla ummary Existina Proiect Cost (Loan #1) $2,881,000 Existina CWCB Loan #1 Amount (30 vears) - At Close Out $2,530,000 Existina CWCB Loan #1 Annual Pavment $137,559 New Proiect Cost (Loan #2) $3,692,000 New CWCB Loan #2 Amount (30 vears) $3,323,180 New Annual Loan #2 Annual Pavment $158,774 Number of Irriaators 13 Number of Acres Irriaated 2892 Annual Cost of Both Loans oer ac-ft (ayer. annual deliverv: 6000 ac-ft.) $49.39 Page 5 of 6