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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />The actual present worth is probably much higher since all three <br /> <br /> <br />assumptions are for the minimum conditions. According to the PPWS District <br /> <br /> <br />management, their contract would include a clause allowing the District to <br /> <br /> <br />change the water rates at any time, The costs would probably increase during <br /> <br /> <br />the next 20 years. <br /> <br /> <br />Assumption 3 is based on Larkspur raising all of its funds for the <br /> <br /> <br />other alternatives through a bond issue, It's much more likely that one of <br /> <br /> <br />the other alternatives would be funded with a combination of grants and loans <br />at lower interest and longer term. <br />Alternative 4 consists of acq,uiring either an existing deep well or the <br /> <br /> <br />rights to the water from an existing well through a long term contract with <br /> <br /> <br />the owner. There are three wells in Larkspur completed in the Dawson-Arkose <br /> <br /> <br />or Denver formations at depths of 500 to 600 feet. The wells were apparently <br /> <br /> <br />permitted by the State Engineer as domestic supply wells which limits their <br />prcxiuction to no more than the water used by three homes. The type of use <br /> <br />would have to be changed from domestic to municipal. <br /> <br />The location of the three wells is noted on Map 1 and Map 2 at the rear <br /> <br />of this report. Information on file with the State Engineer's office (or <br /> <br />taken from data furnished by a local well driller) for the three wells <br /> <br />is shown on the following page. <br /> <br />14 <br />