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<br />. <br /> <br />.- ...., t ~ ., <br />l~ ., . . <br />,.. \.J l ..... <br /> <br />Economic and Financial Analyses <br /> <br />Colorado Water Conservancy District among its constituent water users. <br />In case of nonpayments by the water users the defaults become liens <br />against the lands or an obligation in the case of municipalities. A <br />more desirable approach for the Narrows Unit may be contracts with <br />the various ditch companies rather than with individuals. <br /> <br />Based on the capital and annual cost estimates, the allocated <br />irrigation investment is $26,199,400 which must be repaid without <br />interest within 50 years. Annual OM&R expenses allocated to irrigation <br />are $22,400. In addition to the net proceeds from the district ad <br />valorem tax and the proposed service charges from the Jackson Lake <br />interests, a fixed annual obligation of $519,400 would be required <br />to fully repay the irrigation costs in 50 years. The contractual <br />arrangements may include provision for variable annual repayment <br />reflecting both economic and overall water supply conditions. If so, <br />the actual annual repayment obligation would vary from year to year. <br /> <br />A recapitulation of the allocated irrigation costs and proposed <br />revenues, both estimated, follows: <br /> <br />Table 34.--Annual irrigation revenues <br /> <br />. <br /> <br />Item <br /> <br />Amount <br /> <br />ANNUAL COSTS <br /> <br />Annual reimbursable amount - 50 years <br />Allocated annual OM&R <br />Total estimated annual irrigation costs <br /> <br />$524;000* <br />22,400 <br />$546,400 <br /> <br />ANNUAL REVENUES <br /> <br />Net proceeds - conservancy district tax <br />Services charges - Jackson Lake interests <br />Fixed annual obligation <br />Total estimated annual irrigation revenues <br /> <br />$ 17,000 <br />10,000 <br />519,400 <br />$546,400 <br /> <br />* $26,199,400/50 and rounded <br /> <br />* <br /> <br />. <br /> <br />105 <br />