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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />March 1996 Final <br /> <br />of consumptive use. In addition, the remaining 362 acre-feet of LAWMA account water <br /> <br />would have ~een transferred into the Kansas Art~c1eU ~count. ________ \ <br />- 61 s--.S b +-1,3f/ I- .2 $ C .f 3'62 ~ /; 113 4L , <br /> <br />The shortfall under these conditions would have amounted to~ acre-feet of <br /> <br />consumable water. It is therefore recommended that LAWM~!!ional 1,50Q <br /> <br />- <br /> <br />acre-feet of consumable water. At an average water cost of $800 per acre-foot, this 1,500 <br />acre-feet can be purchased for $1.2 million, which is the hoped-for proceeds from sale of the <br />X-V Ranch property. Shares in the Amity Mutual Irrigation Company are attractive for at least <br />half of this shortfall. The depletions from the revegetation efforts on the X- Y Ranch and any <br />continuing water uses that may be involved with the sale of property to the Division of <br />Wildlife should be included in the historical depletions to Usable Stateline Flow, so it is not <br />necessary to include these depletions in the calculations.2.J <br /> <br />ADDITIONAL FINANCIAL ANAL VSIS <br /> <br />LAWMA has applied to the CWCB for a loan of $3.75 million. The money will be used <br />to complete the purchases of the X-V Ranch and its associated water rights, certain additional <br />interests in the X-V water rights amounting to 2.5 cfs, and the remaining 4,680 shares in the <br />Manvel Canal and Irrigation Company. LAWMA intends to market the 4,500 acres of land <br />associated with the X-V Ranch and to use the proceeds to purchase additional water rights <br />to cover the projected shortfall in replacement water. Proceeds not needed for the purchase <br />of additional water rights will be returned to the CWCB and applied against the loan principal. <br /> <br />LAWMA's 1996 dues have been figured using the following schedule: <br /> <br />Type A, irrigation - $275 per well plus $2.40 per acre-foot pumped. <br />Type B, irrigation - $375 per well plus $2.40 per acre-foot pumped. <br />Type C, commercial - $275 per well <br />Type M, municipal - $275 per well <br />Exempt - $275 per well <br />Inactive - $1 50 per well <br /> <br />2 The average well pumping on the X-V Ranch was estimated in the July 1995 report at 7,888 acre-feet <br />annually. While most of the consumptive use on the ranch was probably attributable to the surface water used <br />on the ranch, there undoubtedly was some consumptive use attributable to the well water, and is reflected in the <br />7,976 acre-feet of annual depletions to Usable Stateline Flow. <br /> <br />22 <br />