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<br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />CHAPTER III <br /> <br />INITIAL DEVELOPMENT <br /> <br />Juniper Dam and Reservoir are the only facilities of the initial <br />development that would be used jointly by more than one purpose. These <br />would serve irrigation. power, recreation, and fish and wildlife. The <br />powerplant, switchyards, and transmission system would serve only power <br />while the Deadman Bench Canal, the Sunbeam Canal, and the lateral and <br />drainage systems would serve only irrigation. The basic public use rec- <br />reation facilities at Juniper Reservoir would be provided specifically <br />for recreation. <br /> <br />Repayment <br /> <br />Repayment studies for the initial development were based on the pol- <br />icies that were outlined for the comprehensive plan in Chapter II. <br /> <br />Irrigation Repayment <br /> <br />Irrigators under the initial development could pay approximately <br />$59,500 annually toward project costs. Of this amount approximately <br />$30,000 would be required each year for irrigation operation, maintenance, <br />and replacement costs and the remaining $29,500 would be available for <br />payment of construction costs, Thus over a 50-year period the irrigators <br />would pay $1.415,000 or 18 percent of the project construction costs allo- <br />cated to irrigation. <br /> <br />Payment on the project construction costs allocated to irrigation <br />would be made from tax revenues collected by a conservancy district organ- <br />ized in Colorado. The amount of taxes is expected to be relatively small <br />and has not been estimated at this time, <br /> <br />The construction costs allocated to irrigation and not paid by the <br />irrigators or from ad. valorem tax revenues would be paid from power <br />revenues apportioned to Colorado from the Upper Colorado River Basin Fund. <br />The amount required from the fund. disregarding t~e small amount which <br />would be received from the ad valorem tax levie~, would be $6,720,000, <br />Studies indicate that revenues from the fund would be available to Colorado <br />to complete repayment of the Juniper project in about 2020 if the project <br />were given priority over all projects except the participating projects <br />authorized at this time and for which feasibility studies have been <br />completed. <br /> <br />Power Repayment <br /> <br />Power revenues from the initial development would average about <br />$827,000 annually, including $413,000 in capacity revenues and $414,000 <br />in energy revenues. Approximately $132,000 would be required for opera- <br />tion, maintenance, and replacement costs and net power revenues would <br />total $695,000 annually. <br /> <br />72 <br />