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<br /> <br />20 <br /> <br />COLORADO RIVER STORAGE PROJECT <br /> <br /> <br />At June 30,11959, there were 10 individually authorized projects in <br />the upper basin of which 8 were completed and 2 were under construc. <br />tion, AIl these projects except the Collbran Project were authorized <br />as single.purposeirrigation projects, The purposes for which the <br />Collbran Project waS authorized included power, irrigation, and mu- <br />nicipal water ;suppl~, However, the Bureau's revised plllnof de. <br />velopment does not mclude construction of facilities for the municipal <br />wllter.supply purpose, The Burellu's latest estiIl)lItes of construc. <br />tion costs for the 10 individulllly authorized projects total $53,842,386. <br />E,!,isting poiver facilities of the i,ndividulllly authorized projects <br />consist of two smllIlpower plants whiCh have been constructed at the <br />Gmnd Valley and the Strawberry V IIl1ey Projects, The Grand <br />V IIl1ey Project' power plant was finllnced and is opemted by a utility <br />company, The Strawberry Valley Project power plllnt is opemted <br />by the wllter lisers, ' , <br />At December 31, 1958, the Bureau had completed irriglltion facili- <br />ties sufficient tp furnish irrigation service to 344,446 IIcres in the upper <br />basin, During calendar yellr 1958, irrigation service was furnished <br />to 275,137 acr~s, . " '" , <br />The Burellui of ReclllmlltlOn is IIn orgamzatlOn withm the Depart. <br />ment of the I~terior under the supervision of the Assistllnt Secretary <br />of the Interior!for Water and Power Development, ,Under authority <br />delegated by the Secretllry of the Interior, the management of the <br />Bureau is vested in the Commissioner of Reclamlltion, who is lip. <br />pointed by the President, The Commissioner, in directing and <br />supervising the irrigation, power, and other programs of the Bureau, <br />has four assistl\nt commissIOners, Technical staffs are organized into <br />16 divisions with offices located at Washington, D,C., and Denver, <br />Colomdo, T~e activities of the Bureau included in this report are <br />conducted frol11 the regional offices of the Bureau located at Salt Lake <br />City, Utah; ~marillo, Texas; Boulder City, Nevada' and Denver, <br />Colora~o; andi,fro,m t,~e Upper Colomdo R, iver Office, iocated at ~alt <br />Lake City, Utl\h; project offices located at Rock Sprmgs Wyommg; <br />Spanish For, k,;U, tah; and Grand Junction, Colorado; the development <br />office located at Dumn.&o, Colorado; and unit offices located at Page, <br />Arizona; Dutch John, Utah; and Farll)ington, New Mexico, <br /> <br />SUMMARY OF JiRlNCIPAL FINDINGS <br /> <br />1. Financ~al and economic analYSeS oj the Golorado River Storage <br />Project land participattng projects ' <br />. In the Bur~au of Reclamation's second financial and economic <br />analysis of the authorized Colorado River Storage Project and par- <br />ticipating projects, dated December 1958, construction costs lire <br />estunated tototlll $1,003,550,000. This estimate is IIn'IncrellSe of <br />$11,376,000 over the estimllte shown in the Burellu's first, finllncilll <br />IInd economic' IInalysis, dllted Februllry 1958, IInd IIn increllseot <br />$69,890,000 o~er the estimllte considered by the Congressu priOr to <br />lIuthorizlItion 'If the Colorlldo River Stora.ge Project l\Iid Jll\rticipating <br />projects by th~ act of April 11, 1956. The Bureau antIcipates that <br />net power reve/lUes will repllY about,91 percent of the total reimbursa, <br />ble construction costs within the repayment ,periods specified in the <br />lIuthorizing legislation. The Bureau's determinations on the ability <br />of the project! to produce the anticipated net power reve~ues are <br />