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I--~--- I I'''' I I I I I I 1/--' ~" ;) I I I I I I I /-) I ,--) I l~ North Fork Water Conservancy District - Water Management Plan... .-...... .I Contract 11r-1536 as amended, primarily defines the repayment schedule for construction of the Paonia Dam and Reservoir and enlargement of Fire Mountain Canal by the United States. This contract was amended four times to reflect changes in the project. The NFWCD agreed to pay the United States $2,320,000 in 68 ~uccessive annual payments of $34,118. Repayment is anticipated to be completed in 2040 and as of 11999, the outstanding repayment balance is $1,364,702. Repayment contracts are typically perpetual; When payout is achieved, the contract continues to be subject to all provisions with exception of repaYment requirements. I Amendment contract 14-06-400-668 also describes canal improvement charges. The 11/14/64 amendment states: , The NFWCP will require the LCWUA to make annual assessments during each of the last seven years of the development period sufficient to do rehabilitation and repair work on existing sm~1I reservoirs. The NFWCD agrees that it will require the FMCC to make annual assessments during years four 'through ten of the development period, paid to the NFWCD, sufficient for financing th'e approved improvement work on the Fire Mountain Canal. Contract 11 R-1537 defines additional project works to be constructed by the United States. The contract provides that the United States will enlarge and extend the Fire Mountain Canal west of Leroux Creek to serve project lands on Rogers Mesa at no additional expense to the NFWCD. i Contract 14-6-400-6 defines additional project works to be constructed by the United States. Project works included the relocation, enlargement, and extension of Leroux Ditch. Contract 14-06-400-4650 outlines the replacement of water delivered by the LCWUA to water users below Fire Mountain Canal with Paonia Project water. Fire Mountain Canal would deliver 4,550 acre-feet to Leroux Creek water users below of the canal. Water previously delivered by LCWUA below Fire Mountain Canal vfould be reallocated to service users above the Fire Mountain Canal. I Contract 96-07-4p-R2050 allows 2,000 acre-feet of water to be used by the RMWUA from Paonia Reservoir. The "Vater supply was made available from the sediment pool capacity of Paonia Reservoir, which continues to decrease each year. RMWUA makes a water service payment of $3,200 per year for this water supply.: This contract is renewed every five years. , NFWCD also developed an annual operations and maintenance agreement with FMCC. This agreement outlines the operational responsibilities for Paonia Dam and Reservoir. Annual Budget The County Trea,surer levies general property taxes to defray the costs of the NFWCD. Currently, the NFWCD has a 0;6 mill levy on the total assessment valuation for all taxable property within the District. A tax of 0.5 mills is dedicated to serving debt of the Paonia Project; 0.1 mills are dedicated to operating expenses. Actual revenues in 1999 were approximately $62,000 of which approximately 55 percent were allocated to debt payments for the Paonia Project. The remaining revenue covers operating expenses of the District. Upon repayment of the Paonia Project, the NFWCD could potentially retain the mill levy for future funding. : Water Pricing I The NFWCD do~s not directly receive revenue from water sales other than income received through their contract with the'RMWUA. Given termination of the development period in contract 14-06-400-668, the 1-6