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<br />Table 14 summarizes the benefits and costs for each project using average yields and Table 15
<br />summarizes the same calculations using the safe yield, An explanation of terms used in the tables
<br />follows,
<br />
<br />ANNUAL PAYMENT = The project loan amortized over 20 years at 4,03% or 4.04%.
<br />
<br />NPIC SHARE = NPIC's 25 % or 10% share of the project cost.
<br />
<br />TOTAL COST = Annual Payment x Years of Loan + NPIC 25 % or 10% Cost
<br />
<br />BENEFIT/COST = Rental Rate x Yield x Years of Loan / Total Cost
<br />
<br />COST/SHARE = Total Cost / 10.000 Shares
<br />
<br />COST/A-F/YEAR = Total Cost / Years of Loan / Acre Feet of Yield
<br />
<br />T bl 14 S
<br />
<br />fU' C
<br />
<br />d B fi /C Ra' U' A
<br />
<br />yo Id
<br />
<br />a e . ummary 0 mt osts an ene It ost tios SID!! vera' e Ie .
<br /> AVG ANNUAL NPIC TOTAL BENEFIT / COST/ COST /A-F/
<br />PROJECT YIELD PA YMEN SHARE COST COST SHARE YEAR
<br /> T
<br />NPIC #6 OUTLET 9323 $34,460 $156,000 $845,209 5,52 $84.52 $4.53
<br />NPIC #5 SPILLWAY 4920 $13.719 $28,440 $302.813 8,12 $30.28 $3.08
<br />NPIC #4 REHAB, * 917 $24,962 $49,000 $548,248 0.84 $54,82 $29.89
<br />INDIAN CREEK SPILL. 1892 $38,901 $58,500 $836,515 1.13 $83,65 $22, 11
<br />TOTAL ALL PROJECTS 17052 $112,042 $291,940 $2,532,784 3.37 $253.28 $1.43
<br />
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<br />Sill
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<br />Table 15. Summary of Unit Costs and Benefit/ ost Ratios Usinl! eYield.
<br /> SAFE ANNUAL NPIC TOTAL BENEFIT/ COST/ COST /A-F/
<br />PROJECT YIELD PAYMENT SHARE COST COST SHARE YEAR
<br />NPIC #6 OUTLET 5330 $34.460 $156,000 $845,209 3,15 $84.52 $7,93
<br />NPIC #5 SPILLWAY 2830 $13,719 $28,440 $302.813 4.67 $30,28 $5,35
<br />NPIC #4 REHAB, * 600 $34,962 $49,000 $548,248 0.55 $54,82 $45,69
<br />INDIAN CREEK SPILL. 1622 $38,901 $58,500 $836,515 0,97 $83.65 $25.79
<br />TOTAL ALL PROJECTS 10382 $112.042 $291,940 $2,532.784 2.05 $253.28 $12.20
<br />
<br />* The "Annual Payment" for this project has been reduced by $7,500 to reflect income from a
<br />recreation lease to the Colorado Division of Wildlife,
<br />
<br />IMPLEMENTATION SCHEDULE
<br />
<br />North Poudre Irrigation Company began initial construction on the NPIC #6 Outlet Ditch in May of
<br />1998, This project will resume in January of 1999 and continue through completion by April of 1999.
<br />Preliminary engineering design and hydrology has been completed on the NPIC #5 Reservoir Spillway
<br />with construction planned for the fall of 1999, Engineering and design for the Indian Creek Reservoir
<br />
<br />Page 26
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