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I I I i II I I I I I I I I I I I I I I I The project will have no significant physical impacts once construction is complete. A limited number of trees will be removed. The site will be cleaned and cleared of the existing metal and concrete trash. A concrete lined ditch would be small and set slightly above the surrounding terrain. Animal crossings will be attractively placed. A pipeline would be below grade and not visible at all except for air vents and control structures. Permitting All easements and rights of way are currently being processed through the Bureau of Land Management (BLM) No permits will be required for this construction project. S Bar C Farms is currently working on an Environmental Evaluation with NRCS and an Environmental Impact Statement (EIS) through the BLM. Financial Plan Sources of financing for the project consist of a loan from the Colorado Water Conservation Board (CWCB) for 75% of the actual cost of the construction project up to $100,000. The balance will come from assessments to the single shareholder. The CWCB Loan Application, the CWCB Memorandum of Loan Approval, and the CWCB Approval Letter are found in Appendix F. The CCWC has no debts and is in solid financial condition at the present time. The single stockholder of the CCWC, S Bar C Farms, is not in default on any of its existing obligations. S Bar C Farms Financial Statement for 1996 is found in Appendix G. A table showing cash flow for a $100,000 CWCB loan at 3.75% interest over a 3D-year repayment period is included in this report. collateral 1. The CCWC can offer a collateral interest in assessments collected from its shareholder to repay the debt, and the project itself, if approved of the shareholder. 2. S Bar C Farms can offer an interest in real estate and/or water rights, by vote of the Board of Directors. Feasibility of Rehabilitation of the Cotton Creek Airline Ditch March 1997 8