PROJ00005

• Contract/PO #: C153402
• Contractor Name: Fort Lyon Canal Company
• Water District: 0
• County: Bent
• Bill Number: XB 99-999
• Loan Projects - Doc Type: Feasibility Study

I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I
I

level of service. In addition, the system is experiencing operational problems relating to
sediment deposition, weed and trash accumulation, flow measurement, seepage into and
out of the canal, and canal bank erosion.

This report investigates the need for and the work and costs involved in the
rehabilitation and betterment of the canal system in an effort to achieve the following
results:
I. Maintain the present level of operation of the canal system;
2. Increase the efficiency of canal operation and maintenance and reduce the
potential for future increases in the real cost of operation and maintenance of
the system;
3. Improve water distribution and management within the system.

It has been concluded that a comprehensive rehabilitation and betterment progrom
is both feasible and needed; and that postponement of the work will only serve to
aggravate the existing situation. The program which has been proposed is expected to
require about three years for completion, beginning in mid-19B4, at a total estimated
capital cost of about $2,700,000. It is anticipated that the project will be partially
funded through the Colorado Water Conservation Board Construction Fund, with the
remaining funding being a combination of special assessments to the Canal Company
stockholders, and other outside sources. A potential financing plan has been developed
using funding from the Colorado Water Conservation Board, the Wichita Bank of
Cooperatives, and the Canal Company. This financing plan indicates that the proposed
work can be completed as recommended at an average annual cost to the stockholders of
about $2.00 per share over a period of 35 years.

iv