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<br />('-' <br />.v....-' <br /> <br />~;,...,.- <br />''"'''' <br />_l <br />00 <br /> <br />Read: Well, it's .fairly simple. The project will cost about 130 milliolt <br />dollats, of whieh about .five million ~'ould be allocated to non~reimbursable <br />benefits such as improvements in fbh and wildlife value, recreation, and flood <br />eontr~1. However, the pres.ent project financing scheme makes no provision <br />for this item and the total eost of 130 miilion dollars will be repaid to the <br />United States Treasury. Of this amount, 25 million dollars has beencontra~ted <br />to be repaid by water users of the Northern Colorado Water Conservancy <br />DistriCt, leaving a balance of, roughly 100 million dollars. This sum must be <br />repaid to the Treasury entirely from power revenues. 50 million dollars, <br />which represents the investment in power facilities on the project, will be <br />amortized wUh interest, and another 50 million dollars, representing .the unpaid <br />balanc~ of the total irrigation inyestment, will be amortized from power reyenu$s <br />at no interest .eharge. <br /> <br />Roulston; It .certainly seems to me that so mueh power enteringthil; <br />area should haVe a stimulating effect on industry and agriCulture, Do you have <br />any figures toind1Cate what this stimulation might be? <br /> <br />Lbidseth: Our economists have pretty much settled on a figure of one <br />bllliondollars a.s the total bendits accrlting to the people in the aI'ea to be <br />served by the Colorado-Big Thompson Project during the 40-year repayment <br />period,. However, the degree to which any speeiiieeommunity or urballcenter <br />w11l re~eive this benefit will depend to a great extent upon. the vigor with Which <br />its c it!i1: ens encourage the entranc~ of new indusbies into their respective <br />centers'. One point to remember, though, is .that a large portion of thebas!c <br />new wea,lth produced as a direct and indireet result of the power from the proje.et <br />will ..flOW either directly or indireetly year a.ftE!r year into theil' urbaR centers <br />. . <br />where a~ loca.ted the necessities conv-enlent to supply the servi.ces and luxuries <br />whieh have .come to be SUCh an important part of the American standard of living. <br /> <br />. RoulstoR: I notieethatyou have power lines running frpm the :projEl.et <br />to nearly every town in northeastern Colorado except Boulder, Mr. Read, Can <br />you expla.in why this is? <br /> <br />. Read: Wel1,as you no doubt know, Miss Roul$ton, Boulder does not <br />have a munibipal ele~trlcsY$tem as is the ease with Longmont, LoV'ala:nd. <br />Fort Co1lins. and other Colorado tow.llS we plan tQ serve, but is serv$d by the <br />Publ1l1 Sltrv'iee C\>mpany. Unless, officials of this city should undertakenegotia- <br />tions .witlt the Bureau seeking to exercise their. right as pr,eference customers <br />to. pUrcMse Colorado-Big Thompson power, we ean only cOll!!llude that Jto power <br />line shou~d be built into Boulder. When a preference ~st()mer fails to reque~t <br />that a blopk of power be set .a$ide .for its 11$\9, that power theIa be.Qomes. avli.ila.ble <br />to custonaers. in. thenori-preferenli!e elas$. . .. . . <br /> <br />~. 2() - <br />