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<br />/1 <br />.""~ <br />j) <br />/1 <br /> <br />"11\ <br /> <br />i1') <br /> <br />/ <br />./ <br />. <br /> <br />LONE TREE RESERVOIR PROJECT, Continued <br /> <br />. <br /> <br />Total <br /> <br />$ 50,000 <br />50,000 <br />$100,000 <br /> <br />State Funds (to be repaid by water use charges) <br /> <br />Other Funds (to be raised by the company) . <br /> <br />Under the proposed financing arrangement the company would have <br /> <br />to repay the state $3,361 per year for twenty years for a total repay- <br /> <br />ment of $67,220. Annual payments would be generated through assessments <br /> <br />on the stock which the irrigators own. This assessment is estimated to <br /> <br />be $65 per share of stock. <br /> <br />It is recommended that the project as described be funded by the <br /> <br />! ~. <br /> <br />board to the extent of $50,000 with the provision that the company <br /> <br />secure additional funding to the extent of $50,000, and that the proj- <br /> <br />ect be recommended and submitted to the Colorado General Assembly <br /> <br />during the 1980 session. <br /> <br />JWMcD :mm <br /> <br />. <br /> <br />-4- <br />