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Mud
Cat™ is a registered trademark
of Baltimore Dredges LLC
Dredges ______________________Home of the One-Truck Transportable Dredge __________________________The Original Auger Dredge Manufacturer |
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Mud Cat™ Lake
Restoration Operation Receives High Marks CIECO purchased Lake Panorama and associated properties from bankruptcy court. The major interest in the lake at that time was as a water resource for future construction of an electric generating plant. Plans for building a power plant have since been canceled. In the meantime, the lake region, located 40 miles from a major metropolitan area in wet central Iowa, has become a thriving site for development. Approximately 40 new homes are being built on the lake annually. The electric needs of the Lake Panorama area are served by Guthrie County Rural Electric Cooperative, a member system of CIPCO. Therefore, the community and the cooperatives have a continuing interest in the success of Panorama National Golf Course and Conference Center on the lake. This property generates additional revenues for the community. The continuing growth in the lake region affirms the cooperative's decision to make long term investments such as a dredging operation. CIECO and LPA's agreement for the joint erosion control program commits LPA to operating and maintaining the dredge used on the lake. The silt is pumped at a flow rate of approximately 4000 GPM from the lake by the dredge into containment basins constructed by CIECO. This spirit of cooperation guarantees that the integrity of the lake is maintained and the future development potential of the area is assured. The Lake Panorama Association has maintained exceptional records on the entire dredging operation over the last 23 months. The following is a "report card" of this project which covers the dredging operation, job-site parameters and actual dredging costs. The
Dredge Dredge
Operation Pumping
Distances The Lake Panorama Association conducted a cost-effective dredging program since operating costs are in the 42.6 cents per cubic yard range, which is far below standard industry costs, less dredge depreciation. The initial goal for the Series 370 is 1,000,000 cubic yards so the dredge will be required to operate for a few more years. When you factor in the depreciation of the dredge, this adds only $0.15 to $0.25 per cubic yard depending on whether a 4 year or 6 year amortization schedule is utilized. Therefore, the current total operating cost would be a maximum of approximately $0.676 per cubic yard. The construction of the silt holding ponds is not included in any of the above costs and is a separate cost item. Currently, one silt holding pond is full to capacity and another older dredge silt disposal area is now being utilized from a former dredging operation. The customer rates all A's on this report card, as sediment from Lake Panorama continues to be removed to maintain the environmental integrity of the lake.
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Mud
Cat™ Division
1750 Madison Avenue
New Richmond, Wisconsin, USA 54017
Email: info@mudcat.com
Phone: 715-246-2888
Toll free in USA: 800-243-1406
Fax: 715-246-2573
© Copyright 2002-2008
Ellicott Dredges, LLC