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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />II <br />I <br /> <br />Table of Contents <br /> <br />Project Sponsor...........................................................................................................6 <br /> <br />Project Service Area....................................................................................................6 <br /> <br />Water Rights ........... .................... ..................... ................................................ ............6 <br /> <br />Need for the Project...................... ................. ....................... .................................. .....6 <br /> <br />Alternatives Evaluated.................................................................................................9 <br /> <br />The Selected Project.,...............................................................................................,. 9 <br /> <br />Cost Estimate ................... ....................... ..................... ...............................................1 0 <br /> <br />Implementation Schedule............................................................................................1 0 <br /> <br />Social, Economic, and Physical Impacts..................................................................... 1 0 <br /> <br />Permitting.................................................................................................................... .11 <br /> <br />Financial Plan............................................................................................................. .11 <br /> <br />Credit Worthiness ................................ ................... ....................................... ............. 12 <br /> <br />Alternative Financing Considerations... .................. ...................................... ...............12 <br /> <br />Collateral..................................................................................................................... .13 <br /> <br />Institutional Considerations ................... ................... ......................................... ..........13 <br /> <br />Conclusions ......................................... .................... ...................................... ..............13 <br /> <br />Opinion of Feasibility ...................................................................................................13 <br /> <br />Otero Ditch Company <br />Diversion Structure Feasibility Study <br />February 2000 <br /> <br />Page 4 of 20 <br />