Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />CONCLUSIONS AND RECOMMENDATIONS <br /> <br />The companies assessed their shareholders 3 times the <br /> <br />normal annual assessment in 1980 to pay for the replacement of <br /> <br />their auxiliary diversion dam at the headworks of their <br /> <br />respective ditches. This auxiliary dam is located on a side <br /> <br />channel of the South Platte River downstream from the main dam <br /> <br />which is the subject of this report. Due to the large special <br /> <br />assessment by the companies in 1980 they are short of funds <br /> <br />for capital improvements to their system. The recommended <br /> <br />funding for this project is as follows: <br /> <br />Company Funds (ASCS grant or Wichita Bank <br />of Cooperatives) <br /> <br />$110,000 <br /> <br />State Funds (to be repaid by water use <br />assessment) <br /> <br />110,000 <br />$220,000 <br /> <br />Total <br /> <br />Under this financing arrangement, charges would be levied by the <br /> <br />State at the late of $6,411 per year for forty years for a total <br /> <br />repayment of $256,432. If an ASCS grant is obtained, the annual <br /> <br />payments on this project will amount to about $1.80 per acre <br /> <br />benefited. <br /> <br />If private money has to be obtained, the annual <br /> <br />payments will be about $6.75 per acre benefited. <br /> <br />Revised 2/2/82 <br /> <br />-3- <br />