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000495 MILL LEVY 1/2 mill on assessed valuation This assessment is on all property within the boundiries of the DWCD whether that property receives direct benefit or not. The basis for this charge is that, supposedly, the Dolores Project will benefit everyone in the District some way or another. The revenue from this assessment goes directly to the Federal Gov.ernment for Dolores Project repayment. The charge is to start at the beginning of the development block, but it is subject to the Colorado 7% limitation. Therefore, its effects will not be felt all in the same year. The duration is fifty years. o & M CHARGE variable The O&M charge will be based on the actual cost of delivering wa ter to the farmer. Approximately 1/3 of the cost will be the pumping of the water out of McPhee reservoir and the pumping out of the canal and pressurizing the underground la teral system. Other costs, of course, include salaries, equipment, parts, supplies and administration. All of the revenue from this charge remains with the District. As stated in the introduction, the total of the four charges in 1977 was estimated at $19-20. $16-17 of that was the estimated O&M charge. HOW & WHEN ARE THE CHARGES COLLECTED The charges are assessed and collected by the Montezuma and Dolores County Treasurers as part of each landowners real estate property tax. Example: If the first development blocks (Fairview & Cahone) are named in 1989, the District would notify the respective County Treasurer in the fall of 1988 how much assessment is due from each landowner in those blocks. Those assessments would then become due and payable along with the regular real estate tax in February of 1989. SUMMARY The estimates now for the total charges, in terms of 1987 dollars, range from $27-35 per acre per year. I realize that is a wide range. The fact remains that the O&M charge will be what the actual cost is, no more; no less. From the District's perspective, our goal is to operate the project so that it is well maintained, dependable, but to do it efficiently and economically.