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<br />Page 2 <br />Mr. Frank M. Akers <br /> <br />should be considered. The inflation factor should perhaps <br />be higher but portions may be considered in contingencies. <br />Also, the Board of Directors has passed the appropriate <br />resolution with the given amounts set forth and we do <br />not wish to change this at the present time. <br /> <br />Item 5 Repair Existing Outlet: We have added construction cost <br />estimates for these alternates considering repair of ex- <br />isting outlet. <br /> <br />Item 6 Benefit - Cost - Chapter VII: I have assumed that these <br />comments were relative to Project Evaluation and have <br />included justification and expanded the report to answer <br />these. <br /> <br />Item 7 Financial Program - Payback Schedule: I have revised <br />this chart keeping your comments in mind. Mr. Robert <br />Stieben and myself reviewed The North Poudre Irrigation <br />Company Budget. After deducting depreciation and <br />Repairs and Maintenance, Buildings, Ditches, Reservoirs, <br />and Equipment the basic 0 & M budget for 1983 amounted <br />to $433,399.00. The amount shown includes the cash <br />expenditures plus an amount for other rehabilitation <br />projects. This 0 & M amount can therefore vary. <br /> <br />I have included an item for the emergency fund of 10% of <br />the payment per year for 10 years. <br /> <br />Item 8 I have referred these comments to Mr. Marc Pardi, Chen <br />and Associates, Inc.. He has prepared a reply to these <br />in a separate letter included in Appendix "D". <br /> <br />I hope that this satisfactorily answers your questions and com- <br />ments. If you should wish to discuss this further, please feel <br />free to call. . <br /> <br />~ truly yours, <br /> <br />i~~:!f-- <br /> <br />cc: The North Poudre Irrigation Company <br />