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<br />(.0 <br />J) <br />""~<1 <br /><.',1 <br />c_.) <br />C.,) <br /> <br />~, <br /> <br />--- <br /> <br />" <br />I <br />I <br /> <br />farm ditches, and for adritional land leveling. This is a conservative <br />estimate inasmuch as records obtained on land leveling costs in the Rio <br />Grande division for 1257 acres shaw an average cost per acre of $51.50. <br />In addition, it is estimated that an average investment of $15 per acre <br />will be made for the repair and modernization of existing farm buildings <br />and the construction of new buildings where required. <br /> <br />The owner's shar'e must also provide for payment of increased taxes and <br />increased insurance, upkeep and depreciation on farm buildings and for farm <br />management expense. <br /> <br />i <br /> <br />After deducting'these items from the increase in the owner's share ~f <br />the gross crop returns the amount remaining is available to meet annual <br />water charges which include those for construction, reservoir operation and <br />maintenance, and for additional operation and maintenance and rehabilitation <br />of the existing distribution system. <br /> <br />The items to be paid from the o~mer's share of the increased gross <br />crop income per farm acre are as follows: <br /> <br />, , <br /> <br />Per Acre <br /> <br />Interest at 5 percent on increased investment in land <br />and improvements per farm acre ($30 for additional <br />land leveling, reconstruction of farm ditches, etc.; <br />$15 for repairing and rehabilitating farm buildings; <br />or a total increased investment of $45) . . . . . . . <br /> <br />. . <br /> <br />$2.25 <br /> <br />Increased taxes (L-creased real value of land per farm <br />acre $30, and buildings ~15;.increased assessed <br />value of land ~15 and buildings $7.50; tax rate <br />3.08 percent) . . .. .. . . .. .. .. . . . . . . .. <br /> <br />. . . . <br /> <br />0.69 <br /> <br />Increased insul'ance on farm buildings (O.S percent on <br />increased investment of ~15) ........ <br /> <br />. . .. . <br /> <br />0.08 <br /> <br />Increased upkeep and depreciation on farm buildings <br />(3 percent of $15) .............. <br /> <br />. . . . .. <br /> <br />a.h5 <br /> <br />Farm Management Expense (10.0 percent of the owner's <br />share of the increased gross crop income) . . . <br /> <br />. . .. .. <br /> <br />0.50 <br /> <br />Increased annual cost per acre for operation and maintenance <br />and rehabilitation of present distribution system. . .. 0.30 <br /> <br />Jl <br /> <br />.Ill amount available annually for project water charges <br /> <br />0.71 <br /> <br />. <br /> <br />Total or owner's share per farm acre <br /> <br />$4.98 <br /> <br />. .. .. . . .. . . .. . <br /> <br />On the basis of this analysis, the average amount available in the <br />project area for the payment of combined operation and maintenance and <br />construction charges is $0.71 per farm acre ($0.76 per acre irrigated) or <br />a total of $65,100 annua11y~ That portion of the annual operation and <br /> <br />6 <br />