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<br /> <br />. <br /> <br />CHAPrER VII <br /> <br />MISSOURI HEIGHTS ENLARGEMENT PLAN <br /> <br />Construction costs!! <br />Interest during construc- <br />tion (5~ percent) <br />~eration, maintenance, <br />and re lacement costs <br />1 Excludes 3,000 <br /> <br />Irrigation <br />$1,370,000 <br /> <br />cost allocations <br />Outdoor <br />residential <br />use Recreation <br />$2,319,000 $164,000 <br /> <br />Summary of project <br /> <br />121,000 <br /> <br />204,000 <br /> <br />13,000 <br /> <br />Total <br />$3,853,000 <br /> <br />338,000 <br /> <br />14 00 <br /> <br />4 000 6 800 00 <br />spent for project investigations. <br /> <br />Repayment <br /> <br />Outdoor Residential Use <br /> <br />. <br /> <br />The construction costs and interest during construction allocated' <br />to outdoor residential use would be repayable by the Basalt Water Con- <br />servancy District with interest over a period of 50 years after water <br />was first available. The repayment would be effected with revenues from <br />the sale of water, and it has been assumed that it would be effected in <br />equal annual installments. If equal payments were not wi thin the finan- <br />cial capabilities of the district during the early years, a variable <br />plan would be necessary and as a result interest costs and the cost of <br />the water would be higher than presently estimated. The assumed repay- <br />ment is illustrated below. <br /> <br />District's repayment obligation <br />Construction costs <br />Interest during construction <br />(3.649 percent) <br />Total <br />Annual payments required by district <br />To pay obligation in 50 years <br />at 3.649 percent <br />To pay operation, maintenance, and <br />replacement costs <br />Total <br />Cost per acre-foot (rounded) <br /> <br />$2,319,000 <br /> <br />13~,000 <br />2,45 ,000 <br /> <br />107,400 <br /> <br />6,800 <br />114,200 <br />44.00 <br /> <br />Irrigation <br /> <br />. <br /> <br />Construction costs allocated to irrigation would be paid with reve- <br />nues from two sources: (1) revenues from the district obtained from the <br />sale of irrigation water to the water users and (2) revenues from the <br />Colorado River Storage Project in the Upper Colorado River Basin Fund ap- <br />portioned to Colorado. Because of the small size of the irrigation devel- <br />opment, it is assumed that the district would not use ad valorem tax reve- <br />nues for irrigation repayment except in the event of a possible repayment <br />default. The payments would be made over a 50-year period following the <br />first delivery of project water. <br /> <br />61 <br />