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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 />advantage of the best saturated aquifer material on the Preisser property. Guidelines for well <br />replacement are included in the settlement agreement. <br /> <br />There are no wetlands that will be affected by the augmentation plan. No Environmental <br />Assessment (EA) or Environmental Impact Statement (EIS) will be required. <br /> <br />Financial Plan <br /> <br />Financing for the project consists of a $90,000 loan from the Colorado Water Conservation <br />Board. The loan was considered and approved in concept by the CWCB at its July, 1997 <br />meetings. The loan will be drawn from the CWCB Small Project Loan Account. <br /> <br />The loan funds will be used to purchase 2 cfs of the Box Springs water right to be used for <br /> <br /> <br />augmentation, and to compensate Reid. Costs over and above the loan amount will be made up <br /> <br /> <br />by the sponsor through his own resources and through the proceeds of sale of preisser land and <br /> <br /> <br />water rights to the commercial hog producer. <br /> <br />The CWCB loan will be for a 30-year term, at a rate of 4.1 percent per annum, with loan <br />payments made annually by the sponsor. <br /> <br />Financial statements for the sponsor have been provided previously to CWCB at the time of loan <br />application, and are not included in this feasibility report. <br /> <br />Collateral <br /> <br />The collateral for the Preisser CWCB loan will be the portion of the Box Springs water right to <br />be purchased by Preisser for use as augmentation water. <br /> <br />HRS WATER CONSULTANTS, INC. <br /> <br />page 12 <br />