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<br />,',';~'~~'. . <br /> <br />26. No.6 Ditch - Proiected Cost (includiIle 30% for fees & continrenciesl = $ 444 600 <br /> <br />eWCB Loan Amount = $ 333,450 <br /> <br />(/0 YEAR LOAN'. J <br /> <br />Nonh Poudre 25% Project Share = $ 111,150 <br /> <br />Yearly Payment for 10 Year Loan at 3.78% Interest = $ 40,662 <br /> <br />North Poudre 25% Project Share = S 111,150 <br /> <br />Total Project Cost Including Interest and the 25% Payment by the Company <br /> <br />$ 40.662 x 10 years + $ 111,150 = $ 517.770 <br /> <br />The total amount of water in Reservoirs No.5 and 6 is 21.000 acre-feel. The yield is <br />expected to. be approximately 16.000 acre-feet that would be available for irrigation of <br />North Poodre shareholders and for exchanges. Using a rental rale of $20 per acre-foot <br />for the water and the total project cost, <br /> <br />Benefit/Cost = $20 x 16,oooA-Ftx 10yrs + $517,770 = 6.18 <br /> <br />Total Cost per Share of Stock <br /> <br />$ 517.700 + 10,000 = $51.77 <br /> <br />Cost Per Share of Stock Per Year Over 10 Year Loan Period <br /> <br />$ 51.77 .;. 10 years = $ 5.17 <br /> <br />Cost Per Acre-foot Of Water Delivered For An Average Year <br /> <br />$ 517,700 .;. 10 years + 16.000'A.Ft = $ 3.24 <br /> <br />,-,<"" <br /> <br />'C' <br /> <br />\ <br /> <br />e <br /> <br />e <br /> <br />e <br />