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<br />. <br /> <br />. <br /> <br />CHAPTER VIII <br /> <br />FINANCIAL PROGRAM <br /> <br />General <br /> <br />The purpose of this chapter is to demonstrate the financial feasibility of the <br />rehabilitation of the Buckeye Reservoir Dam. In Chapter VI it was stated that <br />the Paradox Valley Canal and Reservoir Company has established an assessment of <br />$0.70 per share for OM&R costs for 1981, in Chapter VII it was stated that the <br />average cost per share per year to maintain an emergency and maintenance fund, <br />provide for normal- operation and maintenance, and repay the Colorado Water Con- <br />servation Board loan would cost $1.22 per share. In Chapter VII it was also es- <br />tablished that the weighted average recommended water charge plus $5.12 per acre <br />and the payment capacity was $6.40 per acre. In order to meet the total costs, <br />which would include OM&R costs, the Paradox Valley Canal and Reservoir Company <br />would have to generate $4.05 per irrigated acre per year in order to finance <br />the project. The average charge of $4.05 thence per irrigated acre is only <br />63.28% of the payment capacity. <br /> <br />Financial Program and Repayment Sched~le <br /> <br />The fOllowing table, Table XIV, illus,rates the repayment schedule. <br /> <br />VI IT-I <br />