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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Federal grants and loans <br /> <br />$190,000 <br /> <br />state funds (proposed to be <br />repaid by water use charges) <br /> <br />J90,000 <br /> <br />Total <br /> <br />$380,000 <br /> <br />If funds are made available to the Colorado water Conservation <br /> <br />Board Construction Fund in the amount of $190,000, water use charges <br /> <br />would be levied by the state at the rate of $8,219 per year for <br /> <br />forty years, for a total repayment of $328,776. <br /> <br />The current water rates within the town average $7 per month <br /> <br />per tap. with the proposed construction, these rates would have to <br /> <br />be increased to about $13 per month per tap. Tap fees, which are <br /> <br />$1,500 per tap, will remain the same. <br /> <br />It is recommended that the Nunn Project be submitted to the <br /> <br />1978 Colorado General Assembly as priority number four. <br /> <br />FLS:tam <br /> <br />-4- <br />