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<br />FrOj;Jc'! Construction and Budget 1':'34 . <br /> <br />PIli~S~ V <br />Heconstruct and cement FGrlllGl'S C:xtension Ditch fro':, 'dOn 13 to won 17 connecting <br />Phase I and phase IV. <br /> <br />Estimated cost by the 5CS Engineer <br />AS05 Corunittment for project <br />Loan approved by Colo. WatGr ConseI'Vation Board <br />Bid accepted fro~ Pete & D. L. Contractors <br />50% of project to be paid by AS: S <br />50% of project to be paid by State-loan <br /> <br />Cost to Stock holders for 1984 -per share <br />this will be refunded to ntock holders by ASCS payment <br /> <br />$355,00<,.00 <br />177,S03.00 <br />177,000.00 <br />316,670.00 <br />157,335.00 <br />157,335.00 <br /> <br />252.62 <br /> <br />This allows a carry-over Clf money from the ASCS from pha " V to phase VI of <br />$19,668.00. This project scheduled to be completed by hayl, 1984 <br /> <br />Phase 1/1 <br />Reconstruct and cement Farmers Extension Ditch from WCR 38, at the Clennon <br />Structure, wherp. the Farmers Extension connects with Highland Lake Lateral, <br />to Phase I on th3 Wade Gaddis farm. <br /> <br />Estimated cost by the SOS Engineer <br />ASCS Committment for project <br />Plus carryover from Phase 1/ <br /> <br />If poject costs $388,000.00 -per share cost to <br />stockholders will be $310.49. <br />ASC5 will pay this back(up to $315.57 per share <br />if total cost of project is higher) <br />This project is scheduled to be finished by ~~y 1, 1935 <br /> <br />ASSES@.i~liTS <br /> <br />Construction Phase V per share <br />Interest Phase 1&11 $6,489.00 - Pershare <br />Interest phase III & IV $9517.20- Per sh5re <br />Regular Assessment- Labor, repairs, etc. <br /> <br />$388,000.00 <br />177,503.00 <br />19.668.00 <br />$197,171.00 <br /> <br />$252.62 <br />10.38 <br />15.23 <br />24.00 <br /> <br />per share Total $302.23 <br /> <br />per share ASCS payment <br /> <br />per share net Assessment <br /> <br />Approximate construction FaIlor Spring <br /> <br />assessment for Phase VI -per share <br />With full ASCS repayment <br /> <br />$252.62 <br /> <br />$49.61 <br /> <br />$310.50 <br />