PROJ00151

• Contract/PO #: C153449
• Contractor Name: North Poudre Irrigation Company
• Contract Type: Loan
• Water District: 3
• County: Larimer
• Bill Number: HB 85-1042
• Loan Projects - Doc Type: Feasibility Study

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The proposed rehabilitation
benefit of 5560 acre-feet.
situation is as follows:

results in a long term (80 year)
The benefit cost for this long term

5560 acre-feet x $1500.00/acre-feet ~ $8,340,000.00 value
Benefit-cost ratio ~ $8,340,000.00 ~ $2,602,440.00 ~ 3.20

The cost per acre-foot of storage ~
$2,602,440.007 5560 acre-feet

$468.06/acre-feet

The 20 year result considering 3264 acre-feet versus 5560
acre- feet results in the fo llowing:

2296 acre-feet x $1500.00/acre-feet ~ $3,444,000.00 value
Benefit-cost ratio ~ $3,444,000.007 $2,602,440.00 ~ 1.32

The cost per acre-foot of storage ~
$2,602,440.00 ~ 2296 acre-feet

$1133.47/acre-feet

The immediate result considering 3786 acre-feet versus 5560
acre-feet results in the following:

1774 acre-feet x $1500.00/acre-feet ~ $2,661,000.00 value

Benefit-cost ratio ~ $2,661,000.00 ~ $2,602,440.00 ~ 1.02

The cost per acre-foot of storage ~
$2,602,440.00 ~ 1774 acre feet ~ $1467.00/acre-feet

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The purpose of this chapter is to present an estimate of the
applicants "ability to pay". The final determination of whether
to pursue this project will be at the decision of The North Poudre
Irrigation Company Board of Directors and Stockholders. In order
to pay for this project, The North Poudre Irrigation Company will
have to maintain the existing assessment of $100.00 per share for
the next five years, or through 1989. The portion assigned to
the Reservoir No. 15 project out of this is approximately $30.00
per share, or 30% of the current assessment. Thereafter, the debt
service amounts to approximately $8.00 per share or 8% of the
current assessment.

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