PROJ00203 - Laserfiche WebLink

Home Browse Search

. . . . water yield. These do11ar-per-acre-foot of new yield amounts will be evaluated over the size range considered and will become one of the main factors determining the selected reservoir size. After the final expanded size is selected, a more detailed cost estimate will be prepared for the final cost summary and will be based upon a unit price/ quantity tabulation. Appropriate contingencies will be added. A construction schedule will. be prepared, along with an estimate of the: construction expenditure requirements. Operation and maintenance costs will also be evaluated. These elements will be reported and included in Chapter VI of the feasibility report. 8.0 Task 7 - Conduct Project Evaluation Based on the total cost and expenditure schedule of the final proposed plan, an evaluation will be made of the applicant's "ability to pay." A benefit/ cost ratio will not be determined, but incidental secondary benefits to Fish & Wi1d1 ife, flood control, or recreation will be noted. The value of new municipal supplies will be the primary benefit of the expanded storage, and compari sons I'/i 11 be made to other rates in the vi ci ni ty. Compari sons wi 11 a1 so be made to other known water supply alternati ves such as the Stagecoach Project. These evaluations will be documented in Chapter VII of the feasibility report. Since the existing E1khead Reservoir is O\1ned by two other entities, the relationship of the City of Craig I'/ith the existing owners will be presented, including the cost allocation of the expanded facility. Some funding for the expanded reservoi r may be provi ded by the exi sti n9 owners, due to thei r obligations for meeting the State Engineer's flood capacity requirements. 9.0 Task 8 - Outline Financial Program The objective of this task is to summarize the financial components of the project and demonstrate its financial feasibility. -5-