BOARD01916

• Board Meeting Date: 1/12/1998
• Description: CF Section - North Poudre Irrigation Company - System Rehabilitation
• Board Meetings - Doc Type: Memo

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No.6 Ditch - PrQiected Cost (includini 30% for fee~ IlL continvencies) = $ 444.600

CWCB Loan Amount = $ 333.450

!..30 VCAe LOA,U.)

North Poudre 25% Project Share = $ 111.150

Yearly Payment to CWCB for 30 year loan at 4.28% Interest '= $ 19,945

Total Project Cost Including Interest and the 25 % Payment by the Company

$ 19,945 x 30 years + $ 111,150 = $ 709,500

The tow amount of water in Reservoirs No.5 and 6 is 21,000 acre-feet. The yield is
expected to be approximately 16,000 acre-feet that would be available for irrigation of
North Poudre shareholders and for exchanges. Using a rental rate of $20 per acre-foot
for the water and the total project cost,

Benefit/Cost = $20 x 16,000 A-Fe x 30 yrs + $709.500 == 13.5

Total Cost per Share of Stock

$ 709.500 ... 10.000 = 570.95

Cost Per Share of Stock Per Year

$ 70.95 + 30 years "" S 2.37

Cost Per Acre-foot Of Water Delivered For An Average Year

$ 709,500 + 30 years + 16.000 A-Ft = $ 1.48