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<br />The cost of Union Ditch shares is in the range of$600 to $750 per share such that the <br />cost of 100 shares would be in the range of$60,000 to $75,000, <br /> <br />Water Rights Currently Owned <br /> <br />The Town owns a 1 CFS water right out of the "Coal Creek Pipe" decreed in 8DCW93 <br />with a priority date of1884 (See Attachment C) The average annual yield of this water <br />right is 90 acre-feet, for the period 1971-1994, This water right was out of priority for <br />portions of 1977,1978 and 2002. <br /> <br />Cost Estimate <br /> <br />The selected alternative is estimated to cost $60,000,00-$75,000.00. Cost estimates for <br />100 shares are $600-$750 per share. <br /> <br />Item Estimated Cost <br /> <br />Estimated Cost <br /> <br />Water Rights Acquisition: <br />100 shares Union Ditch,. __' $60,000.00 <br /> <br />$75,000,00 <br /> <br />Origination Fee for CWCB Loan 540,00 <br /> <br />750.00 <br /> <br />Total $60.540,00 <br /> <br />$75.750,00 <br /> <br />Implementation Schedule for Augmentation Plan <br /> <br />Task <br /> <br />Target Completion Date <br /> <br />1. Purchase Water Shares <br />2, Develop Augmentation Plan <br />3. Apply to Water Court <br />4, Plan Approved by Water Court <br /> <br />June 2003 <br />1999 <br />1999 - 99CW 149 ( See Attachment D) <br />pending <br /> <br />Social, Economic, and Physical Impacts <br /> <br />The augmentation plan will have no negative social impacts, <br /> <br />The project will have a net positive economic impact on the town. Initially, the project <br />will use Town of Coal Creek's financial resources to fund the project above the amount <br />provided by the CWCB loan, Loan payments to CWCB will also utilize water revenues <br /> <br />-3- <br />