Laserfiche WebLink
<br />,~~~~ <br />~ 1:1-~ DELTA <br />~~ ~ <br />~~ <br />[)J(,j <br />~ <br />~ <br /> <br />CANAL <br /> <br />~ <br />CO:M:P ~.l\r~ <br /> <br /> <br /> <br />ESTABLISHED APRIL 24. 1882 <br /> <br />Delta Cou.:rrty, Colorado <br /> <br />Permitting <br />All easements and rights of way have been arranged for. The <br />USDA-NRCS evaluated the project with regard to wetlands and historic <br />preservation. It was determined that the project will not affect wetlands. <br /> <br />Financial Plan <br />The total cost ofthe selected project is about $133,00.00 <br />based on 2000 and 2001 costs. Approximately 70% - (93,000) <br />will come from a cost share agreement through the NRCS, <br />and 30% - (40,000) is available from a loan from Colorado Water <br />Conservation Board. The loan amount 75,000.00, will be fmanced over <br />a 30- year period, at 2.75%. The annual loan payment will be <br />approximately $3,334 per year. <br />The USDA-NRCS cost share agreement is included in Appendix B. <br />The Delta Canal Company is in strong financial condition, and has no <br />. long-term debt. The Delta Canal Company financial statements are found <br />in Appendix D. <br /> <br />Collateral <br />1. The Delta Canal Company can offer a collateral interest in <br />assessments collected from it's members to repay the debt, and the <br />project itself, if approved of by the members. <br /> <br />Institutional Considerations <br />The NRCS is providing technical assistance. The corporation <br />members have agreed to this financing method by passage. <br /> <br />Opinion of Feasibility <br />The selected alternative is technically and fmancially feasible. There <br />are no known roadblocks that would keep us from successfully completing <br />this project. <br /> <br />pg,1I <br />