C153808 Feasibility Study - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I annual O&M cost to a present worth cost using a 40-year project life and a three percent discount rate, results in a present worth cost of $8,200. Total costs associated with the purchase of the 171 FMIC shares are estimated to be $477,200. The break down of costs is as follows: Present Value Purchase Price $265,500 Annual Assessments ($25/share) $102,300 Annual O&M Augmentation Station $8,200 First Use Fee Augmentation Station $1,200 Engineering and Legal Fees for Change of Use $100,000 Total $477,200 The total present worth cost per acre-foot of consumptive use water is approximately $3,848 ($477,200/124 acre-feet). The average annual consumptive use yield from the 177 FMIC shares of 124 acre-feet, would be utilized to offset a portion of the estimated future well depletions to Fountain Creek of 713 acre-feet. The FMIC credits accrue to Fountain Creek year-round and would have no winter return flow obligations other than those that are taken care of by the Ditch Company for all shareholders. B. Lock Ditch The Venezia Family has notified AGUA of its intent to sell its three-quarter interest in the Lock Ditch. The Lock Ditch was decreed a total amount of 19.7 cis, of which 6.3 cis has Priority No. 15 on Fountain Creek with an appropriation date of December 31, 1863; 8.38 cis has Priority No. 22 with an appropriation date of December 31, 1864; and 5.02 cis has Priority No. 45 with an appropriation date of December 31,1880. These water rights were adjudicated in EI Paso County District Court on February 15, 1882 in the original adjudication proceedings for former Water District No.1 O. The headgate of the Lock Ditch is located on the east bank of Fountain Creek in the southeast one- quarter of Section 6, Township 16 South, Range 65 West of the 6th Principal Meridian of EI Paso County, Colorado. The ditch flows generally in a southeasterly direction. The Venezia three-quarter -20-