Laserfiche WebLink
<br />I <br />II <br />I <br />I <br />I <br />'I <br />I <br />, I <br />I <br />II <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Permitting <br /> <br />All easements and rights of way have been arranged for, The project is exempt from 404 <br />permitting by Statutory exemption, 33 CFR Section 323.4(a) 3, per letter dated December 3, <br />1999 from the Corps of Engineers. The project will not have an adverse affect on threatened or <br />endangered species, per letter dated March 26, 2000 from the U.S. Fish and Wildlife Service. <br />Copies of these letters are included in Appendix H. <br /> <br />Institutional Considerations <br /> <br />Entities that are, or may be, involved in the management, design, construction, and financing of <br />the project include: <br /> <br />Plumb and Dailey Ditch (PDDC); Project management and construction, <br />Natural Resources Conservation Service (NRCS); Engineering design. <br />Colorado Water Conservation Soard (CWCS); Financing and construction. <br /> <br />The PDDC will be the lead for the financing, design, and construction of the project and will <br />enter into contracts and agreements with the various entities for the services provided by each, <br /> <br />Financial Analysis <br /> <br />Several entities will be involved in financing the estimated total project cost of $46,620, The <br />PDDC is applying for a loan from the CWCS in maximum amount of $42,000, to pay for 90% of <br />the project cost. Amounts by entity are given in Table 2. <br /> <br />Table 2. Sources of Funding <br /> <br />Entity Grant Loan Percent <br /> Participation <br />CWCB $0 $42,000 90% <br />NRCS $4,620 $0 10% <br />PDDC * $0 $0 0% <br />Totals $4,602 $42,000 $46,620 <br /> <br />* The PDDC will cover any costs that exceed the estimated project cost. <br /> <br />The PDDC is requesting a 20-year loan from the CWCS. The standard agricultural lending rate <br />would be 3,75%, resulting in annual payments of $3,022. To this would be added $303 per year <br />for the first 10 years to fund the emergency reserve account, for a total annual cost of $3.325, <br />Table 3 is a summary of the financial aspects of the project. Annual assessments will increase <br />from $180 per share, up to $263 per share with a Small Project Loan of $42,000. This <br />represents an annual assessment increase of $83, or $1.46 per acre-foot, based on average <br />annual diversions 2,278 acre-feet. <br /> <br />Plumb and Dailey Ditch Company <br />Diversion Structure Feasibility Study <br />May 2000 <br /> <br />Page 10 of 12 <br />