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<br />. <br /> <br />begin on Alternative No, 3 as soon as the site has dried out, probably in June or July 2002 and be <br />substantially completed by October 2002, <br /> <br />Permitting <br /> <br />JPSP does not require any permitting at this time to begin or complete this project, Alternative No, 3 has <br />been approved by the State Engineer's office, However, JPSP is required to submit an Application For <br />Review Of Plans And Specifications For The Alteration, Modification, Or Repair Of A Dam And Reservoir <br />to the State Engineer's office and the State Engineer's office must approve the plans and specifications <br />before the modifications outlined in Alternative No, 4 can be completed, <br /> <br />. <br /> <br />Institutional Considerations <br /> <br />Entities that are, or may be involved in the design, construction, permitting and financing of the project <br />include: <br /> <br />John Peroulis & Sons Partnership (JPSP): Project Approval, Financing and Project Management. <br />Northwest Colorado Consultants, Inc, (NWCC): Design and Construction Testing and Supervision, <br />Water Resource Consultants, LLC: Design, <br />Baker & Associates: Surveying, <br />Colorado Water Conservation Board (CWCB): Financing and Construction, <br />Office of the State Engineer- Div, of Water Resources: Review and Approval of Project Plans & Specs, <br /> <br />The JPSP will be responsible for the financing, design and construction of the project and will be the entity <br />entering into contracts and agreements with the various entities for the services provided by each, <br /> <br />Financial Analysis <br /> <br />. <br /> <br />Two entities will be involved in the financing the estimated total project cost of $330,000, The JPSP is <br />applying for an additional $150,000 Small Project Loan from the Construction Fund to complete the <br />reconstruction and modifications to the Martin Cull Dam and Reservoir, The JPSP was approved by the <br />CWCB for a $100,000 Small Project Loan in September 200 L If approved, the total loan amount will <br />become $250,000, The actual or estimated amounts by entity are shown in the following Table 2, <br /> <br />. <br /> <br />Martin Cull Dam Rehabilitation Feasibility Study <br /> <br />May 2002 <br /> <br />Page 6 <br /> <br />" <br />