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<br />A cost escalation factor is not included. Inflation is <br />reasonably well curbed at the present time and any increase will <br />be small, probably less than 5%. All of the construction will be <br />done by October 1984 or sooner. The contingency factor should <br />also be large enough to cover inflation. <br /> <br />The CWCB funding will be required in August or September <br />1984. Total construction time for all improvements would be.about <br />one month. Since the construction time is short no provisions for <br />interest during construction will be required. <br /> <br />Operation, maintenance, and replacement costs will not <br />increase as a result of the improvement. Summit's ditch rider <br />presently inspects the dam weekly if the reservoir is near or .at <br />capacity. In the future he will also have to read 4.measuring <br />flumes which will not require more time. The program of weed and <br />brush control will be'continued. <br /> <br />Summit does not have an emergency operating fund' as such. As <br />part of the provisions for obtaining CWCB funding, $0.50 per share <br />per year will be designated to go to an emergency operating fund. <br /> <br />-32- <br />