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<br />- .204 <br /> <br />The explanation of the project, in behalf of the Bureau, was presented by <br />Mr. Ben F. Powell, area engineer of tile Bureau at Pueblo. He explained the <br />points of diversion and sources of water intended for transmountain diversion, <br />and outlined the plan of units needed, as well as explaining the p0\7er develop- <br />ments in the project. His remarks were supplemented by Director Datso~,~of <br />Region 7. <br /> <br />The estimates on construction costs were requested by Judge Hughes, and <br />were submitted for the record as follows by Mr. Powell. <br /> <br />. Costs and allocations: Total construction cost (1950 report)--$147,440,000 <br />(October 1949 prices). Non-returnable costs, ~17,956,000; flood control, <br />$15,777,000; fish and wildlife, $2,179,000. Returnable costs, $129,484,000; <br />power at three per cent, $40,032,000; municipal water at two per cent, $29,522,000; <br />irrigation, borne by irrigators and district, iilO,881,600; irrigation, borne by <br />power and other revenues, $49,048,400, which includes li13,570,400 fTom municipal <br />and industrial revenues. Annual O. M. and R. expense, $1,335,200. <br /> <br />Source of annual revenue; (1950 report) Irrigation, transmQuntain and <br />floodwater, 56,700 a.f. at $3.60; Twin Lakes additional water, 12,500 A.f. at $2. <br /> <br />Municipal water: l:olorado Springs, 2700 a.f. at $39.05 (two per cent for <br />40 years); Pueblo4Vurtz Ditch Supply, 2000 a.f. at $23.50; Pueblo - project <br />supply, 3000 a.f. at $41.50; Valley towns on trunk line, 7272 a.f. at ~8.10; <br />Crowley branch line, 96.a.f. at ~147.50; Eads branch line, 170 a.f. at $255.90; <br />Colorado Fuel and Iron Corporation,- 4000 a.f. at $2; reserve for future demand, <br />1260 a.f. at $22.60. <br /> <br />Hydroelectric p0\7er: Investment to be returned at three per cent in 50 <br />years: Firm, 370,000,000 k.w.h.r. at 5.5 mills; secondary, 97,125,000 k.w.h.r. <br />at 3.5 mills. <br /> <br />Mr. Eugene Bond of Leadville, a citizen, inquired concerning details of <br />provisions for recreational values under the project. <br /> <br />J. R. Riter of the Hydrology Division of the Bureau of Reclamation ex- <br />plained the proposed operation of the Aspen Reservoir as a replacement reservoir. <br /> <br />I In response to inquiry by Judge Hughes, the Director explained that the <br />Water Board, at this time, was acting only on recommendations, proposed by the <br />Policy and Review Committee, which if approved by the Board, would go to the <br />Uirector of Region 7 of the Bureau of Reclamation for consideration in the pre- <br />paration of his report on the proposed first phase of the Gunnison-Arkansas <br />Project. The Board's approval of the Policy and Review 80mmittee report woUld <br />not involve such ,details as feasibility of the project, its economics, nor any <br />considerations of construction or returns, the Director said. <br /> <br />Judge Dan Hughes made the motion that the report of <br />the Policy and Review as contained in the Appendix A, <br />being the letter signed by the 4irector of this Board, <br />81ifford H. Stone; and the Appendix B, being the text <br />of the proposed principles of operation for the proposed <br /> <br />I <br /> <br />1 <br />