PROJ01877

• Contract/PO #: C150012
• Contractor Name: Model Land and Irrigation Company, The
• Contract Type: Loan
• Water District: 19
• County: Las Animas
• Loan Projects - Doc Type: Feasibility Study

, I

. :

: .'

, .'

" .' i 1;
.....; 'L

.' . :',
. ,I
t I: \
, .
. "
:. .
!' ; ~

:. ',j

_.t . , .'
, \
~ , . .
, ..
'", '! " ",
. to ,t
...

to maintain ace!\ ;'a te meaouremcnt of \'Ia ter ' I"~ a 11' be the

responnibl1ity of the Company. The Company aGrees to be
responsible at all times for,the control, carriage, handling,
use and diotribution of water diverted into its ditch

...f. .

PAYHENTS BY THE COr1PANY

syotem' .:: "
, . ,
. . :.:~ ~ ~ : . , ,
I;" " '

, '. . . " I. .
. '.'" '. '0 ;
! . '.. .
" " t

, .

.~

Recognizing that the Company's participation 1n

6.

I , I
. ~ ' :
I

payment for the cost of the Project is a condition precedent

'. 1 ", 1
.. ; ~ . ~ '. .

"
", .... ~ to the Company's deriving benefits from the Proj~ct and that

" : i i
i i .', I I ~ .'
I' ,~ .
\' , . :. ", '

I(d. ..
I .::) i':,'..; <:.';... ~;.

I' . ',' ~ . . ~ .
.::. t:; . ..'
,'. .. .

. .:' .~ ' .; ~ .
". '."..

, . ':", ~ : :: .' ~ / ~ .
" , ,.; , .formula hereinafter set forth. On the basis of the payment
I:,' ;'>.: .:~".,>.
! :';};;"
I (;:.;
; ~:'.::: ~
i ~~.: t" i ~: .
,( ':; I':.~. project, the sum total of the Company's payments to the Dis-
. ; . 1 ." ~
; ,';' - " . '. .
;.~.;':~. :,.: .,.. . .trict over the repayment period is presently estimated to
I.,: . {. . :',': "~' ..: .
,.:'~H, ::'.;':.:, :.be. $3,129,121.00. In discharging its obligation to the

: -..l.... '. ~ ~: . . .' ~. . ,'. .

; f ~.f.;Y :". >'. -District pursuant to the payment formula, the Company agrees
~ f ~ :' i : ~": '. A, I. . .
1.~";~';.;. ~;_::.:.: "..~t.9 pay t.o the District, in each year "Ihen the District must
; . .~:, ,".; . t . . ~.' : ~ :. .
~ .:;:;"L~. .:\.:.::' make an irrigation cons truc tion cos t payment to the United states,
; r-~-~~', :'.. :.'::';", ...- ..-
: r ~~L( .:..'>...: .' for each acre foot of District "later supply delivered in the

r::..\~:."...:.'...irrigation season to the Company at its river headgate, an

..: !. .
.. ... :,'
"'! . ~- ; ~
., .' r ~ ~ .
. ,I'
:: .;.
. .1.1
. ..'. 'i

. I"
., '. f "
r j ~ I :

~~'.:~ ~".:: >'
.;. ~ ~.J .. .,.

~. ~ .! ..", . .
~ .' ~ ~', :
.~ ::;. ;:

. '
" I .'

. ;; .

,.
it.
. I'.,
~ :

I, : i .' ~
l. ;'

" .\.

. ,"'.

, .'

, I
I: '
I. .
. .
, .
;

. . ", .

ro, '

0,' . .:....

I. ..
, " .
:' .
. [, .
. . t: .

.,
" ,

,without the Company's paying a proportional share of those
costs, the Distric\i \'lill be unable to meet its obligations to
the United states, the Company agrees to pay to the District
during the seventy year repayment term of the Dlstrlct'o Con-

. :

, .
.
,. I

':: :

, . I

tract with the United states, or durin~ any extension thereof,
the Company's proport~onal share of each of the District's '.
j ,

.1 .

,) .
, .
, .

yearly construction cost payments to 'the United states, such

.. +

proportional share being established pursuant to the payment

. .
, ,.

formula, the projected water deliveries over the project repay~

ment period ~nd the presently estimated reimbursible cost of the

.' .
\ ,\ "

.'
.\,

t" .

," .

. -.' .

amount of mQey equal to 119 per cent of the average 'cost

, .

. .
per acre foot of water delivered from the District water supply
during that year, such average cost to be derived by dividing
that year's repayment obligation of the District to the United
~sta teB 'by the number of acre feet of water delivered from the

, '.

Diotrict water supply to ~he entire Project irrigated area in
<. ..../ 'such irrigation s.eason provided J hO\~ever J that the CompG.ny sha 11
. '
" '

-'
not be requ~red to make any payment for any water diverted by
it'under the Company'o water rights at timeD when, under Exhibits
A and B the Diotrict ,mter 3upply in exhauntcd, nor ohall tho
Company be required to make any p~ymcnt for any water delivered

.,

t'.

. .
I'" ,

.....

.
. - ' ,