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. CHAPTER IV GRAVITY PIPELINE PLAN Irrigation Construction costs allocated to irrigation would be paid with reve- nues from two general sources: (l) revenues from the district obtained from the sale of irrigation water t:> the water users and an ad valorem levy upon property in the district and (2) revenues from the Colorado River Storage Project accruing in the Upper Colorado River Basin Fund and apportioned for use in the State of Colorado. Payments for supple- mental service lands would be started irrnnediately following the delivery of project water and payments for full service lands would be staxted following a 5-year development period. Payments for each block would be made for a 50-year period but because of the development period the total payments would be stretched over a 55-year period. . The charge to the irrigators by the district would be limited to the irrigators' estimated ability to pay. The total ability of the irrigators is estimated at $3.20 per acre-foot as shown on page 25. The district would need $2.20 of the $3.20 to pay operation, maintenance, and replace- ment costs associated with the irrigation and an average of $0.70 an acre- foot for the total irrigation supply to puxchase the needed irrigation wa- ter from Ruedi Reservoir. Thus $0.30 an acre-foot would be available to apply on construction costs. Over the 55-year period of irrigation re- payment, total payments on construction costs by the irrigators would amount to $9l,000. It is estimated that the tax levy upon property within the district would amount to half a mill and would yield a total of $1,618,000 toward irrigation repayment over the 55-year period duxing which the district would be making payments on the irrigation costs. The assessed value in the district is projected to grow from the present level of approximately $10 million to about $130 million by year 2035, the estimated 55th and final year of repayment. To complete repayment of the irrigation costs, $7,l84,000 would be required from the Upper Colorado River Basin Fund previously mentioned. The availability of these fUnds for the Basalt Project, paxticularly as to time, would depend on many factors, including Colorado's decision re- garding the priority to be given various projects. The availability for the Basalt Project within the required repayment period would have to be assuxed before project construction was started. The repayment of the irrigation costs as discussed is summarized on the following page, including the annual charges that would have to be levied for operation and maintenance of project works and for Ruedi Res- ervoir \.rater. . 41