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96 c <br />when completed, subject to a long-term lease. of utility facilities and <br />structures to the Town. <br />b. The proposed location of the Reservoir Project on Seven Mile <br />Creek is shown on the map attached hereto as Exhibit A, <br />c. The estimated cost of the Reservoir Praject has been evaluated <br />by the Town Board of Commisisoners and is determined to be feasible and <br />acceptable. The Reservoir Project could be accomplished as a single <br />project or in phases. Preliminary estimates indicate that project costs, <br />if completed in one or two stages, would be as follows: <br />1. Preliminary Cost - Single Project <br />Total Budget Cast ..............$13,495,183 <br />2. Prelim ina.ry Cost Summary - Two Stage Project <br />First Stage Budget Cost .............$ 6,G39,554 <br />Second Stage Budget Cost............$.8,172,407 <br />TOTAL Budget Cost ..............$14,611,961 <br />Itemized descriptions of the preliminary costs summarized above are <br />attached hereto as Appendix A (single project figures) and Appendix B <br />(two stage project figures). <br />d. The Town proposes that the County be responsible for item 9 <br />through 12 on the cost summary (as shown on Appendix A for single project <br />or Appendix B for two-stage project). These items relate to the <br />acquisition and preparation of land necessary for inundation and <br />construction of the Reservoir Project. The Town proposes to take <br />xesponsibility far items 1 through 8 on the Preliminary Cost Summary, <br />these items relating to the construction of the dam and utility related <br />features. This allocation of responsibility would result in the following <br />proportional cost undertakings: <br />Single Praject: <br />Town 57.0% <br />County 43.0 <br />Two Stage Project: <br />Stage One <br />Town 77.6% <br />County 22.4% <br />Stage Two <br />Town 46.7% <br />County 53.3% <br />