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<br />I <br /> <br />I <br />I <br />I <br /> <br />works, is in the best condition and has experienced the least problems historically. This <br /> <br /> <br />section of the dam embankment is subjected to the least impact from extreme wave <br /> <br /> <br />action. <br /> <br />I <br /> <br />There are no current plans to repair the remainder of the dam facing, other than <br />if rerapair becomes necessary for limited sections during the performance of routine <br />maintenance. <br /> <br />I <br /> <br />I <br /> <br />ODeration. Maintenance and ReDair Costs <br /> <br />I <br />I <br />I <br /> <br />The selected project, Option 4-6, is expected to provide a maintenance free <br />surface for the life of the project, for the areas repaired. Because of the age of the <br />dam, some distress of the new surfacing can be anticipated due to the probable <br />inadequacies of the underlying embankment. However, the distress is not expected to <br />lead to deterioration or failure of the surfacing materials, but instead would lead to <br />cosmetic irregularities. It is our opinion that the proposed surfacing material will provide <br />as good a service life and durability as any surfacing available, with the expectation of a <br />long service life and minimal maintenance. <br /> <br />I <br />I <br />I <br />I <br />I <br /> <br />For the areas not repaired, occasional maintenance will be required. The far <br />eastern and far western sections of the upstream surfacing materials have historically <br />shown the least need for maintenance. An improved annual program of slab patching, <br />slab overlaying and burying the upstream toe with lake bed sands will be initiated to <br />ensure the integrity of the older slab surfacing. The expected cost of this program is <br />$5,000 per year. <br /> <br />Financial Proaram <br /> <br />I <br />I <br />I <br />I <br /> <br />Project Funding <br />The proposed source of funding is twofold. Currently the Company has a <br />$1 million loan authorized from the CWCB in 1994 for this project. The expected <br />interest rate is 4.0 percent per year and the repayment period is 30 years, This loan <br />currently requires a 25% cost sharing participation, $250,000, by the Company. <br /> <br />39 <br />