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ONSOLIDATED <br />mutual water <br />December 23, 1998 <br />Colorado Water Conservation Board <br />State of Colorado <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Re: Proposed Fortune Dam and Reservoir <br />Dear Board Members: <br />The Consolidated Mutual Water Company (Consolidated) is <br />pleased to submit the above referenced project for funding <br />consideration under authority of Section 37-60-119 and 121, <br />C.R.S. The Feasibility Study was prepared by Consolidated's <br />staff under my direct supervision for the Colorado Water <br />Conservation Board's review. <br />The 254 acre project, located north of Colorado Highway 72 <br />and west of Indiana Street, consists of three components: <br />1) A zoned earth dam embankment requiring about 3,600,000 <br />yards of compacted material together with a 30 inch <br />inlet/outlet structure and other related items.. <br />2) A 9,000 acre foot (+/-) reservoir pool resulting from the <br />excavation of the material for the dam embankment. <br />3) Thirty thousand (30,000) feet of 30-inch and 24-inch <br />pipeline connecting this project to the existing infra- <br />structure at Consolidated's Fairmount Reservoir located at <br />West 44th Avenue and McIntyre Street. <br />The total cost of the entire project is anticipated to be <br />about $21,000,000 and Consolidated is requesting 50� funding <br />or 510,000,000 to start construction in 1999. The project is <br />substantially designed and has been submitted. to the State <br />Engineers Office for review. That review is expected to be <br />completed by spring of 1999. <br />As an alternative, we could move forward with $5,000,000 in <br />funding in 1999 and an additional $5,000,000 in the year <br />2000. In the event that the second year funding was not <br />available, we would need to use bank financing, which would <br />increase the cost of the project. <br />THE CONSOLIDATED MUTUAL WATER COMPANY <br />12700 West 27th Avenue • P.O. Box 1500G6 • Lakewood, Colorado 80215 <br />Telephone (303)238-0451 • Fas (303)237-5560 <br />