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<br />.' <br /> <br />. <br /> <br />The total project cost over a 40 year period will be $418,166.00 the breakdown <br />of the 40 year projected costs is shown in Table XIII based on a $100,000.00 loan <br />amortized over 40 years at a 3% interest rate from the Colorado Water Conservation <br />Board. <br /> <br />TABLE XIII <br /> <br />Total Project Costs <br /> <br />1. Emergency Operation and Maintenance ($432.60 x ten <br /> <br />years) $ 4,326.0~ <br /> 240,800.00 <br /> 173,040.00 <br /> $ 418,166.00 <br /> 10,454.15 <br /> 4.05 <br /> 1.22 <br /> <br />2. Normal Operation, Maintenance and Replacement Fund <br />($6,020.00 x 40 years) <br /> <br />3. Colorado Water Conservation Board loan - P&I <br />($4,326.00 x 40 years) <br /> <br />Total Estimated Costs <br /> <br />Average Cost per Year <br /> <br />Average Cost per Irrigated Acre per Year <br /> <br />Average Cost per Share per Year <br /> <br />Based on 2,580 irrigated acres and aO average recommended water charge of $5.12 <br />per irrigated acre the Paradox Valley Canal and Reservoir Company can generate <br />$13,209.60 per year in revenue asseS$ments. The following Chapter, Chapter VIII <br />(Financial Program) will address the repayment schedule required for a $100,000.00 <br />loan amortized over 40 years at a 3% interest rate from the Colorado Water Con- <br />servation Board. <br /> <br />VII-2 <br />