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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 />I <br />I <br /> <br />Implementation-Schedule <br /> <br />The following schedule is proposed for implementation of the <br />project: <br /> <br />Task <br /> <br />Tarqet <br />Completion Date <br /> <br />1. Complete Final Design <br />2. NRCS Approves Design <br />3. Start Construction <br />4. Complete Construction <br />5. Project is Operational <br /> <br />09/01/97 <br />09/15/97 <br />12/01/97 <br />01/15/98 <br />02/15/98 <br /> <br />Social, Economic, and Physical Impacts <br /> <br />The project will have no significant social impacts. <br /> <br />The project will have a positive economic impact by providing <br />additional irrigation water for about 630 acres. Shareholders at <br />the lower end of the Hawkeye Lateral Ditch will have enough water <br />in low water years to adequately irrigate their crops. <br /> <br />The project will have no significant physical impacts once <br />construction is complete. The new diversion structure will be <br />very similar to what exists now, and the new pipeline will be <br />buried and out of view. <br /> <br />Permitting <br /> <br />All easements and rights of way have been arranged for. <br /> <br />The NRCS evaluated the <br />historic preservation. <br />not affect wetlands. <br /> <br />project with regard to wetlands and <br />It was determined that the project will <br /> <br />Financial Plan <br /> <br />The total cost of the selected project is about $393,000. <br />Approximately 63% ($249,950) will come from a cost share <br />agreement through the USDA-NRCS, and 37% ($143,000) is available <br />from a loan from the Colorado Water Conservation Board. This <br />amount will be financed over a 30-year period, at 3.75%. The <br />annual loan payment will be approximately $8021, or about $18.23 <br />per share. This represents about $4 per acre-foot delivered, <br />based on a 2000 acre-foot per year average delivery rate. <br /> <br />Feasibility Study <br />Rehabilitation of the Hawkeye Lateral Ditch <br />December 1997 <br /> <br />7 <br />