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<br />I <br /> <br />. <br /> <br />- <br /> <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I- <br /> <br />I <br /> <br />I <br /> <br />II <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br />.- <br /> <br />. <br /> <br />CONSUL rING ENGINEERS I LAND SURVEYORS <br /> <br />2150 Hwy 6 & 50, Grand Junction. CO 81501 . 3031242.5202 <br /> <br />April 4, 1983 <br /> <br />Herschel G. Burgess, President <br />Grand Mesa Water Conservancy District <br />Box 686 <br />Cedaredge, CO 81413 <br /> <br />N.C. Ioannides <br />Colorado Water Conservation Board <br />1313 Sherman St. <br />Denver, CO 80203 <br /> <br />Gentlemen: <br /> <br />We are pleased to transmit herewith, in accordance with our contract of <br />May 1982, 2 copies of the final draft of our feasibility report for the Grand <br />Mesa Project. We have incorporated in this final draft our response to the <br />various questions raised by Mr. Ioannides in his letter of November 30, 1982, <br />as well as consideration of views expressed at public meetings held in <br />Cedaredge during January and February of this year. <br /> <br />The Project as analyzed herein differs in some respects from the <br />configuration in previous studies by the U. S. Bureau of Reclamation, but <br />serves the same Project lands in the Surface Creek area. Inclusion of a small <br />hydroplant enhances the repayment capability. <br /> <br />The report finds that the Project will be beneficial to the area and to <br />the state, and that in monitary terms total benefits will exceed costs by <br />nearly 2 to 1. However, financing and repayment of approximately $16,000,000 <br />in project costs poses some difficulty. Irrigation water and power revenues <br />are limited by "ability to pay" and "least cost alternatives" to about <br />$900,000 per year. Total annual project costs including operation and <br />maintenance, will be about $1,400,000 per year using financing techniques <br />available in the past. To bring the Project to reality will require <br />innovative financing and repa}~ent approaches, some of which are addressed in <br />Chapter 8. <br /> <br />We have appreciated the opportunity to work on this project and will be <br />pleased to proceed further with the two boards. <br /> <br />Sincerely, <br /> <br />WESTE~ ENGINEERS, INC. <br /> <br />~~ <br /> <br />~rd J. Currier, President <br /> <br />EJC:fp <br />