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<br /> <br />.- <br /> <br />CHAPTER IV <br /> <br />GRAVITY PIPELINE PLAN <br /> <br />Construction <br />costs <br /> <br />Annual <br />operation, <br />maintenance, <br />and replace- <br />ment costs <br /> <br />Annual <br />cost of <br />Ruedi <br />Reserv~~r <br />wa.ter~ <br /> <br />Conservancy district <br />Charge to irrigators $91,000 $17,400 $4,700 <br />Tax levy upon property 1,618,000 <br />Subtotal 1,709,000 <br />Upper Colorado River Basin Fund 7,184,000 <br />Total 8,893,000 17,400 4,700 <br />Y Based on $1 an acre-foot for average annual amount of water from <br />Ruedi Reservoir over first 50 years of project operation. This amounts <br />to approximately $0.70 an acre-foot for total irrigation supply of 6,440 <br />acre-feet. <br /> <br />Outdoor Residential Uses <br /> <br />( <br /> <br />Construction costs and interest during construction for outdoor resi- <br />dential uses would be repayable by the Basalt Water Conservancy District <br />and would be repayable with interest over a period of 50 years after water <br />was first available. It has been assumed that repayment would be accom- <br />plished by the district entirely with revenues obtained from sale of water <br />to the water users. It is possible that ad valorem tax revenues also <br />could be applied toward payment of the costs. The repayment has been <br />based on uniform annual payments. Since the amount of water used would <br />gradua.1J.y increase, however, it is likely that a variable repayment plan <br />would have to be used with smaller annual payments in the early years of <br />project operation. With a variable plan the interest component of the <br />cost would be higher than under a uniform annual payment plan. The as- <br />sumed repayment is summarized below, including payment of annual <br />operation, maintenance, and replacement charges and the cost of Ruedi <br />Reservoir water. <br /> <br />District's repayment obligation <br />Construction costs <br />Interest during construction (3.649 percent) <br />Total <br />Average annual payment required by district <br />To pay repayment obligation in 50 years <br />at 3.649 percent <br />To pay operation, maintenance, and replace- <br />ment costs <br />To pay for Ruedi Reservoir water <br />Total <br />Cost per acre-foot (rounded) <br />Y Based on $10 per acre-foot for average amount over <br />first ~O years. <br /> <br />$8,436,000 <br />488,000 <br />8,924,000 <br /> <br />391,000 <br /> <br />16,500 <br />Y66,000 <br />473,500 <br />52.00 <br /> <br />l <br /> <br />42 <br />