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<br />,",'t.; <br /> <br />" <br />. " <br /> <br />;' <br />, -..', <br /> <br />-. <br />" . <br /> <br />GUENZI FARMS <br /> <br />+ - - -.~ ~- "-.. ....... ~ <br />,~; .. ;', \ .i. ';:.i:" (; .';::~:. <br /> <br />. <br /> <br />March 2 2005 <br /> <br />.: : ".. . - ,1: {":_ '(. {. ~< <br /> <br />Mr, Tim Feehan <br /> <br />Colorado Water Conservation Board <br />1580 Logan Street, Suite 750 <br />Denver CO 80203 <br /> <br />Dear Mr. Feehan <br /> <br />" ,-. <br />~: \' '. <br /> <br />We would like to request an amendment to our loan in the amount of <br />$19000,OO,-This is the amount you had given me after the 110% <br />obligation by the board of colateral was met to reach our total colateral. <br />We have finished the project except for the building of the <br />proposed ponds, We have started doing the dirt work and we should <br />finish this spring, Our initial estimate was to cover the total project but <br />overuns in: well drilling $34,702,00 <br />electrical $14,887,00 <br />road crossing <br />+ cement check <br />+ tie in of wells <br />+ valve changes <br />= misc expense total <br />total overun <br /> <br />$11,809,00 <br />$61,398,00 <br /> <br />. <br /> <br />has put our project overbuget. <br /> <br />. <br /> <br />In my attempt to get project under way I used a bid Carson Smart had <br />received from Sargent Irrigation and did not realize that it did not include <br />the electrical motor, which was $12000,00, The additonal cost on the <br />well was the increase in debth to 240 feet. This increased the amount <br />of casing needed and drilling expense to $24,000,00, This plus the cost <br />of electrical work (how do they sleep at night) is the main reasons for <br />the overuns, The road crossing costs were unexpected but had additonal <br />expense to keep CDOT"s concerns taken care of. The increased cost <br />of metal and the lack of figuring all the tie in's on pumps was another <br />cost overun, Then in my origional estimate I had planned to use a 21" check <br />valve on the overflow tube in the irrigation pond, We had concerns that this <br />check valve would not work, So we had to add a 18" valve and a 12" valve to <br />compensate for this, I also overlooked a valve going into the irrigation pond <br />so we had to add another 18" valve, There are both increase's and decrease's <br />in the origional proposal. Most of the decrease's arose in plumbing when we <br />used more glue fittings rather than gasket fittings, The other cost was the <br />construction of a check at the outlet end of the pipeline, I had just planned on <br />dumping the water into the existing lateral ditch off the Pawnee ditch this would <br />not have worked because of the erosion it would have caused, <br />