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Domestic shares, which are 330 new shares in the enlarged reservoir, $1900 per share to <br /> purchase for construction, $627,000, and about $180 per share per year for debt service, <br /> $59,400. The purchase cost of $1900 is necessary to raise the Companies 25% of the <br /> construction cost but is not excessive because there are few sources for domestic water in <br /> the LaPlata River basin. The $180 per share per year is consistent with other domestic <br /> water augmentation costs. <br /> In order to drill a domestic well in the LaPlata River drainage, a plan of augmentation is required <br /> which could utilize these domestic shares; a one share minimum will be instituted so that each <br /> well is required to buy one share. A plan of augmentation or exchange will be required for the <br /> domestic water unless a central water system is built using Red Mesa water. There is essentially <br /> no augmentation water available in LaPlata River drainage so there appears to be a market for <br /> the water. <br /> Assuming that the above assessments are generally followed, $1,071,000 would be generated for <br /> the construction cost which would allow a loan of$2,000,000 rather than $2,250,000. $118,000 <br /> would be raised annually for debt service for a $2,000,000 loan; if the loan ends up being <br /> $2,250,000 the assessments will be increased appropriately. The key to this scenario is selling <br /> all or most of the new stock by the time construction begins. The Company cannot afford to <br /> begin the construction unless about 60%to 70%of the shares are sold. <br /> 12.10 Wetlands: A report was prepared by Plateau Environmental Services in June 1995 <br /> describing the wetlands impacts of the enlargement. The report is available upon request and <br /> was submitted to the US Army Corp of Engineers as part of the 404 Permit process. The study <br /> concluded that 2.85 acres of wetlands would be impacted; 0.75 acres below the dam, 0.24 acres <br /> in the spillway, 1.00 acres of lakeshore, 0.66 acres of riverine, and 0.2 acres of old channel. <br /> 12.11 River Basin Depletion: The existing depletion to the San Juan River is the sum of the <br /> irrigation and reservoir evaporation. The new depletion is the sum of the depletion's from the <br /> incremental increase in the irrigation supply, the incremental increase in the reservoir surface <br /> area, and the domestic water. <br /> The crop consumptive use is based on the values shown in Table 1. If the crop has a full water <br /> supply, it would consumptively use 1.97 acre-feet per acre. The water surface evaporation is <br /> based on the Bureau of Reclamation's estimated evaporation for the proposed Southern Ute <br /> Reservoir in the Animas-LaPlata Project(Appendix B page 46),the as shown below. <br /> 28 <br />