Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />The estimated cost of increasing the storage capacity is <br />$1,510,000. The District is requesting this amount from the <br />CWCB. The estimated cost of the new spillway is $1,740,000 which <br />the Bureau of Reclamation would construct at no cost to the <br />District. 1~us, the Board's participation would be less than <br />50 percent of the project's total cost. <br /> <br />Under the proposed financing for the project the consultant <br />has calculated that the benefit/cost ratio would be about 1.75 <br />to 1. <br /> <br />Conclusions & Recommendations <br /> <br />The study for this project shows that the additional storage <br />would increase crop values by about $70 per irrigated acre in the <br />district and that the cost to the irrigators would be just over <br />$40 per acre. Using the Bureau of Reclamation's method for com- <br />puting pay-back ability the consultant calculates that the irri- <br />gators should be able to pay $51.25 per acre for water. <br /> <br />The recommended funding for this project is as follows: <br /> <br />Bureau of Reclamation (replacement facility) $1,740,000 <br />State Funds (to be repaid by water users fees) l,510,000 <br />Total $3,250,000 <br /> <br />Under this financing arrangement, charges would be levied by the <br />State at the rate of $88,003 per year for 40 years for a total <br />repayment of $3,520,120. <br /> <br />It is recommended that this project be recommended by the <br />Board to the General Assembly for authorization in the amount of <br />$1,510,000, with the stipulation that the District furnish addi- <br />tional financing to the extent of at least $1,510,000 and that <br />the Board's funds be repaid per the terms set forth above. <br /> <br />Ibm <br /> <br />-2- <br />