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<br />I <br />I <br />I <br />I <br />I <br />I <br />,I <br />I <br />'I <br />I <br />I <br />I <br />I <br />,I <br />I <br />I <br />I <br />I <br />I <br /> <br />It is proposed that the project be financed by obtaining an advance <br />of $730,000 from the Colorado Water Conservation Board Construction <br />Fund and to obtain the balance of $730,000 from other financing, <br />such as loans and/or grants, Under the proposed financing, the West <br />Divide Water Conservancy District would repay the State $36,880 a <br />year for 40 years for a total charge of $1,475,200. These annual pay- <br />ments would be generated by water sales at metered points of delivery <br />for distribution by other entities. <br /> <br />- 4 - <br />