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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />It appears that the most likely alternative for financing the project is <br />a combination of general oblIgation bonds and a long-term, low-interest <br />loan from the Colorado Water Conservation Board assuming that the project <br />receives Board approval funds appropriated by the legislature. <br /> <br />CONCLUSIONS <br /> <br />1. The cost of providing water service in the District will be relatively <br />high. Funding assistance in the form of grants and/or long-term, low- <br />interest loans will be necessary to bring the cost of water service <br />down to levels comparable to other communities. <br /> <br />I <br /> <br />2. A water system project which will serve the entire community will <br />require high initial expenditures for the creation of the basic <br />pipe network and storage. In other words, because of the configura- <br />tion of the District, the costs of providing facilities cannot be <br />directly proportional to demands. <br /> <br />I <br />I <br />I <br /> <br />3. The project as contemplated is not feasible if it has to be financed <br />only by the present development in the area. <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />4. The growth which is planned in the area cannot occur without an <br />adequate water supply. The most economical means of providing an <br />adequate water supply is a community system. <br /> <br />RECOMMENDATIONS <br /> <br />1. The District should thoroughly explore all financing al ternatives, <br />including the Colorado, Water Conservation Board, Farmers Home <br />Administration, and General Obligation Bonds, and obtain as much <br />assistance as possible in the form of grants and long-term, low- <br />interest loans. <br /> <br />2. The District should negotiate suitable arrangements with owners <br />of all developable lands to participate equitably in the cost of <br /> <br />I <br /> <br />xi i <br />