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27 I il II I I I I I I I I I I I I I I I I CONCLUSIONS The following paragraphs summarize CWCB staff conclusions with respect to the Plateau Creek Pipeline Replacement Project based on the information in the sources listed in the Introduction to this report: 1. The District's preferred alternative from the Environmental Impact Statement, Alternati ve A, is capable of meeting the project objective of replacing the existing pipeline with a facility having sufficient capacity to meet projected year 2045 peak demands. It has the lowest life cycle cost and the least cost per acre-foot of the three alternatives, which meet the project purpose. The District has adequate water rights for operation of the project. 2. The overall environmental impact of the project is relatively low and most impacts can be minimized or mitigated. Depletions to the Fifteen-Mile Reach of the Colorado River will be offset by the Reasonable and Prudent Alternative developed in the Section 7 consultation process 3. The District's current financial condition is strong based on the indicators in Table 9. The 35-year financial projections prepared by the District staff indicate that debt service coverage will be adequate for the entire period of debt retirement on all Construction Fund loans. Expenditures are projected to exceed revenues for several years during the period of debt retirement but it docs not appear as if financial reserves will be drawn down to a level that would lead to concern. 4. The District's financial projections assume a rate increase, or series of rate increases, in the next several years such that the average residential water bill will increase'from about $20 to $25 per month. This appears reasonable relative to the rates of other water providers in the state and indicates that the proposed project is economically feasible in terms of the impact on residential water users. 14 ,