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. CHAPTER II PLAN OF DEVELOPMENT collection of additional assessments from the water users to meet the costs of the project. The district \muld accept subscriptions for project water from existing irrigation companies or from individual irrigators. Boundaries of the conservancy district are largely defined by surrounding districts, land reservations, and physical barriers. As shown on the map on the follmn.ng page, the district is confined by the Cral1ford Conservancy District (Smith Fork project) on the north, the Gunnison National Forest on the east and southeast, the Black Can- yon of the Gunnison National Monument on the southwest, and the Tri- COllllty Conservancy District on the west. An isolated segment of the district includes a forest area surrounding the Soap Park Reservoir site where taxable private property may be developed for recreation following construction of the reservoir. No towns or trade centers are located in the district as the trade centers for the area are located north and west of the district in the Crawford, North Fork, and Tri-Cmmty Conservancy Districts. . The assessed valuation of the potential district was about $450,000 in 1959. lfith development of the Fruitland Mesa project the assessed valuation is expected to be increased to about $1,700,000. The maximum tax levy allowed by Colorado law for water conservancy dis- tricts with assessed valuations of less than $10,000,000 is 1.5 mills per $1 of assessed valuation until project water is delivered. Follow- ing the delivery of water the maximum levy is 3 mills except in case of defaults or deficiencies in payment of a district's obligations when the levy may be further increased by 0.5 mill. It is anticipated that the conservancy district would levy taxes in accordance with the Colorado law to assist in making repayment of Fruitland Mesa project costs. The taxes would be collected through regular county channels. . 12