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frO I I I I I I I I I I I I I I I I I I I . The analyses will not consider any inflation rate and are based on 1998 values. Inflation will increase operating and repair costs which will cause annual assessment fees to have a proportional increase. . The pump will have an average power consumption and annual power bill equivalent to the 1995-1998 average cost--$4,900 per year. . The cost to repair and maintain the pump, motor and other controls shall average $2,000 per year. . The replacement life of the motor and pump is five years for its current application. Replacement cost is $8,200. . The cost to repair any pipelinEl problems will average $1,000 per year. . The annual assessment from the Fulton Ditch is $16 per share or $800 for 50 shares. . The annual assessment for a Class C contract with GASP is $50 per well. The above assumptions have bElen used to develop a financial summary-- Table 4-which is a schedule of needed revenues to meet the anticipated expenditures for 30 years. The expenditures and needed revenue in Table 4 were developed assuming 50 shares of Fulton Ditch water could be bought for $6,000 per share. The actual water available for CRPOA's purchase is unknown and might include shares from several ditches in order to obtain 84 acre-feet of consumptive use. The actual purchase price for Fulton Ditch shares and shares from other Ditch companies is unknown at this time. In order to minimize the need for subsequent amended applications and to allow rapid closure on the loan, I recommend and request that CWCS approve a total project cost not to exceed $400,000 and a loan from CWCS up to $300,000 pursuant to the CRPOA loan application. The CRPOA upon identifying the actual cost for the purChase of water would amend Table 4 and ask for CWCS Executive Director's approval to enter into a loan for 75 percent of the actual project costs. The amended Table 4 would use the same assumptions except for loan repayment cost.