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<br />3021 <br /> <br />rID 00 ill ~IJ <br /> <br />5.116 percent over the 50-year repayment period. In addition, allocated <br /> <br />annual OM&R costs will be paid by M&I users. <br /> <br />Based on the above repayment criteria, the annual charge for M&I water <br />woul d be about $240/acre-foot with or without flood control included in <br />the de'lelopment plan. Currently, reliable water rights along the Front <br />Range are sell i ng for approximately $200/acre-foot annual equival ent <br />cost. Therefore, it appears that inclusion of a M&I water supply in the <br />Narrows Unit would be financially feasible based on current conditions. <br />However, further study is required to refine the estimate of M&I needs. <br /> <br />Recreation and Fish and Wildlife <br /> <br />By a letter dated February 2, 1968, the State of Colorado has indicated <br />its intent to administer the land and water areas for recreation and <br />fi sh and wil dl ife enhancement and to repay reimbursable costs. For <br />recreation, one-half of the separable investment costs, or about <br />$5.3 mi 11 ion, is reimbursable wi th interest. For fi sh and wil dl i fe <br />enhancement, one-fourth of the separable in'lestment costs, or about <br />$743,000 is reimbursable with interest. These amounts include interest <br />during construction at 5.116 percent and would be the same under <br />development with or without a flood control purpose. In addition <br />to the above reimbursements, the State of Colorado would be responsible <br />for payment of annual separable OM&R costs for the two purposes. <br /> <br />Flood Control and Highway Improvement <br /> <br />The costs allocated to these purposes are nonreimbursable. <br /> <br />14 <br />