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<br />, <br /> <br />~ <br /> <br />Social, Economic, and Physical I~pacts <br /> <br />The project will have no significant social impacts. <br /> <br />The project will have a positive economic impact providing <br />irrigation water for 2,600 acres of shareholders' crops. <br /> <br />The project will have no significant physical impacts once <br />construction is complete. The new structure will be very similar <br />to the previous structure. <br /> <br />Permitting <br /> <br />All easements and rights of way are now held by the company. No <br />permits will be required for this repair project. <br /> <br />The company is exempt from 404 permitting by Statutory exemption, <br />33 CFR Section 323.4(a)3. The company confirmed this with the <br />Pueblo Office, Army Corps of Engineers. (See Appendix D.) <br /> <br />The company believes no Environmental <br />Environmental Impact Statement (EIS) <br /> <br />Assessment (EA) or <br />will be required. <br /> <br />Financial Plan <br /> <br />Sources of financing for the project being pursued consist of <br />cost share assistance from the Department of Agriculture (CFSA), <br />loans from local area banks, special assessments levied on shares <br />~nd a loan in the amount of 75% of project costs deducting any <br />financial grant assistance from the Federal government. It is <br />anticipated the maximum amount of a CWCB loan would be $300,000. <br />The CEXT Resolution to apply for CWCB loan, the CWCB Loan <br />Application, and the CWCB Memorandum of Loan Approval and <br />Approval Letter are found in Appendix F. <br /> <br />The financial condition of the company is solid at the present <br />time. The Company has no obligations except current operating <br />expenses and is not in default On any of its obligations. The <br /> <br />9 <br />