PROJ00126 - Laserfiche WebLink

Home Browse Search

'. . CH;\PTER VII . -' . PROJECT EVALUATION Colorado Water Conservation Board policy requires that funds furnished from the Colorado Water Conservation Board Construction Fund shall be repaid as rapidly as is possible within the reason- able ability of the applicants to do so and, of course, within the maximum period of 40 years. A primary purpose of the Project Evaluation chapter is to present ~n estimate of the applicant's "ability to pay," which isdesign~ted herein as the payment capac- ity. The estimate of annual payment capacity if a basic factor of the required financial determination to be included in Chapter VIII, Financial Program. For most projects, payment c~pacity is established on the basis of such factors as the increase in farm income, reduction in project operating costs, and revenues from sale of X & I Nater, which are anticipated to be derived from the proposed project. For some multipurpose projects that will require an alloca- tion of project costs among the v~rious purposes, the Project Evaluation chapter must contain a discussion of benefits to be produced by each project purpose (i.e., irrigation, fish and wild- . life, recreation, etc.). This discussion must include for each project purpose a statement of the annual dollar amount of bene- fits to be obtained and the source of, or basis for, such values. Where applicable, evaluations should be made for: A. IRRIGATION It is recommended that the Colorado Water Conservancy Board be consulted in the development of the payment capacity studies for irrigation and in estimating irrigation benefits, if such bene- fits are required for cost ~llocation purposes.