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<br />ProDosed Proiect <br /> <br />, "/:', <br /> <br />The Fortune reservoir site is located about Yz mile northwest of the intersection of <br />Highway 72 and Indiana Street on a dry tributary of Big Dry Creek in the City of Arvada, <br />as shown on the attached map. The site encompasses about 250 acres of land with no <br />existing structures. <br /> <br />The proposed dam is a lOS-foot high, zoned earth embankment with a crest length of <br />5,000 feet impounding a reservoir with a capacity of about 9,000 acre-feet. The spillway. <br />will be sized to pass the Probable Maximum Flood and will discharge to the historic Big <br />Dry Creek drainage chaIIDel. The project also includes about 5 Yz miles of 30-inch and <br />24-inch pipeline to COIIDect Fortune Reservoir with the rest of the Maple Grove raw water <br />system. The total cost ofthe project is estimated at $21,585,000 as summarized by major <br />project elements in Table 2. <br /> <br />Table 2. Fortune Reservoir Cost Summary <br /> <br /> <br />Land at reservoir site <br />Projectma~agement .. <br />Engineering <br />'Pipeline . .. . . <br />Reservoir and spillway. costs <br />Total . .. ..' <br /> <br />Impacts from the project are expected to be minimal; there are no existing structures and <br />no road relocations are needed. Environmental studies were conducted with the <br />involvement ofthe Colorado Department of Health and Environment (CDPHE) and the <br />Corps of Engineers. The Corps issued a letter in November 1996 stating that no federal <br />permits will be required for the project. <br /> <br />Consolidated has conducted a testing program at the site for any potential contamination <br />from the Rocky Flats nuclear facility to the north of the site. The testing indicated the <br />property was safe for use as a storage site. CDPHE issued a letter in January 1997 <br />indicating there are no health concerns with the site. <br /> <br />Final design and land and right-of-way acquisitions are completed. Construction work on <br />Highway 72 has also been completed. The remaining construction will begin in August of <br />~ this year with project completion scheduled for March 2003. ~ <br />- <br /> <br />~ <br /> <br />Financial SummarY <br /> <br />The company's financial condition appears strong at the present time. Table 3 <br />summarizes some key financial indicators based on information in the Company's aIIDual <br />reports for ,the years 1995 to 1997. All of the indicators in Table 3 are in the strong <br />category per the criteria used by the Division of Local Govemment. Cash reserves appear <br />3 <br />