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<br />-. <br /> <br />O~1215 <br /> <br />. <br /> <br />. <br /> <br />.. <br /> <br />for the payment of project services performed in the operation and mainte- <br />nance of the Trinidad ReservOir, and the retirement of the capital cost <br />properly allocable to irrigation. It is estimated that revenue for the <br />payment for these capital and annual costs could be derived from direct <br />payment by the irrigators of $138,000 annually and from the proceeds of <br />ohe mill tax levy on all real property in the district estimated to yield <br />$17,000 annually. From this total gross revenue of a $1",000 would be <br />deducted the annual operation, maintenance and replacement costs of the <br />storage facilities allocated to irrigation amounting to ~12,000 and the <br />estimated administrative costs of the conservancy dis~rict amounting to <br />$2,000. This would leave a net annual revenue available for liquidation <br />of the construction cost allocated to irrigation of $l4l,000. Application <br />of this net revenue to the total capital irrigation cost of $8,732,000 <br />would provide for retirement of the irrigation investment over a period <br />of about 62 years, after a ,-year development period. Rather than con- <br />tracting for payment of the irrigation cost on the basiS of a fixed <br />annual sum it would be desirable to vary the payments from year to year <br />in accordance with available water supply, agricultural prices and crop <br />production. Allowing for some deviation from the above estimated payment <br />capacity which was based on an assumed value of 2l, percent of average <br />19l0 to 1914 prices, it is estimated that the irrigation cost could be <br />