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<br />.,. - - ... <br /> <br />seesion) because it was submitted to the Colorado Legislature too late <br />in the 1980 session. <br /> <br />The proposed financing for the project is as follows: <br /> <br /> <br />Federal and/or private funds $ 125,000 <br /> <br /> <br />State funds (to be repaid by <br /> <br /> <br />use charges) 125,000 <br /> <br /> <br />$ 250,000 <br /> <br /> <br />Under the proposed financial agreements, the Conservancy District <br /> <br /> <br />would repay the state $5408 for forty years for a total repayment of <br /> <br /> <br />$216,300. Annual payments are expected to be levied from water sales. <br /> <br /> <br />It is recommended that the project as described be funded by the <br /> <br /> <br />CWCB to the extent of $125,000. The balance of $125,000 will be <br /> <br /> <br />obtained by the District from other funding sources. The staff <br /> <br /> <br />recommends that the project be submitted to the Colorado General <br /> <br /> <br />Assembly for authorization and funding during the 1981 session. <br /> <br />-3- <br />