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Social, Economic, and Physical Impacts The project will have no significant social impacts. Although the stockholders in the LDC will be impacted with costs associated with their portion of construction and loan repayment, the project will have a long-term positive economic impact by assuring a more efficient system for diverting water. The project will have no significant physical impacts once construction is complete. The new diversion structure will occupy the same area as what exists now and will be about the same size and shape. Pe~ittinq All easements and rights of way have been arranged for. The LDC expects to be exempt from 404 permitting by Statutory exemption, 33 CFR Section 323.4(a)3. This will be confirmed with the Denver District, Army Corps of Engineers. Financial Plan The total cost of the project is $72,500. $65,250 or 90% may come from a loan with the Colorado Water Conservation Board, and the remainder from the project sponsor, the LDC. The CWCB Loan Application is found in Appendix B. The LDC has sufficient cash assets to pay their portion of the project cost, $7,250. The LDC is in strong financial condition and currently has only one long term debt outstanding which is with the CWCB. A $65,250 CWCB loan at 2.50% interest over a 20-year repayment period would calculate to an annual payment of approximately $4,200. The loan payment of $4,200 amounts to an additional assessment of $13.13 per share or approximately $0.63 per acre feet diverted. The $13.13 will be added to the existing share assessment of $25.00 bring the LDC yearly assessment to $38.13 per share. This increase will stay in effect throughout the duration of the loan. The increased assessment will bring in the extra revenue needed to cover the CWCB payment. This financial analysis should stay consistent over the period of the CWCB debt retirement. FeaSibility Study Lowline Ditch Company Diversion Structure March 2003 7