PROJ00112

• Contract/PO #: C153767
• Contractor Name: River Oaks on the Roaring Fork Property Owners Association
• Contract Type: Loan
• Water District: 38
• County: Eagle
• Bill Number: SB 97-008
• Loan Projects - Doc Type: Feasibility Study

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Social, Economic, and Physical Impacts

The project will have no negative social impacts.

The project will have a positive economic impact providing lower
cost irrigation water for up to 19 homes.

The project will have no significant physical impacts once
construction is complete. The pipelines will follow existing
roads.

Permitting

It was assumed for purposes of the feasibility study that rights-
of-way for all pipelines within the service area will be granted
by landowners without charge, or the pipelines will be installed
within existing irrigation easements. See Appendix B
(Preliminary Plan) .

Construction permits from the Town of Basalt may be required, as
a matter of routine.

There are no wetlands that will be affected by the construction
and there will be no construction within the Roaring Fork River.
No Environmental Assessment (EA) or Environmental Impact
Statement (EIS) will be required.

Financial Plan

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Financing for the project consists of homeowner assessments
collected by the RORFPOA and a $25,500 loan from the Colorado
Water Conservation Board (CWCB). The CWCB loan application and
letter of loan approval are included in Appendix D.

The RORFPOA has no current debt. The yearly assessment per
homeowner (lot) is currently $25.00. The CWCB loan will have an
annual payment of $3300, or $173 per lot owner.

Table 1 shows cash flow for a $25,500 CWCB loan at 4.75% interest
over a 10-year repayment period.

Collateral

The RORFPOA has the following collateral it can offer for the
CWCB loan:

1, An interest in the assessments collected by the Property
Owner's Association to retire the debt. This could be approved
by a vote of the membership, and the Board of Directors.

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