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<br />Co~tingencies, engineering, administration and the projected
<br />I cost ~ncrease of 5% per year bring the Base Contruction Cost to
<br />$31,528,000. With other project costs such as water rights,
<br />)k USB~ participati~n,.an~ th.e-~oan applic~tion report, ,th~ tot~l
<br />I ~ proJftct---cost---~S~$33,~42,000) of wh~ch $15.3 m~ll~on ~s
<br />. n,v II, ~cOritributed by the Tribe -and -S'18, 323,000 is the Federal Share.
<br />~.~~ ,~.f The loan which involves no M&I facilities or surplus lands, will
<br />...... ~JJ'" be repaid at 0% interesr over 40 years, result~ng filannua1
<br />I ~~- payments of $458,100.
<br />
<br />Construction and Fundinq Schedule
<br />
<br />2649
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<br />Facility
<br />
<br />1989 Direct Cost
<br />
<br />Municipal Pipeline and Improvements
<br />Irrigation Development
<br />Water Management Facilities
<br />Fencing
<br />Product Storage Facilities
<br />Equipment
<br />Headquarters
<br />
<br />$ 4,965,000
<br />10,159,000
<br />133,000
<br />1,389,000
<br />922,000
<br />1,996,000
<br />1,732,000
<br />
<br />Total Direct Cost
<br />
<br />$21,296,000
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<br />The project will be constructed in two stages. stage 1
<br />construction, which includes 4,200 acres will begin in 1991 and
<br />be ready for water deliveries in 1993. stage 2 construction,
<br />which includes 3,828 acres will begin construction in 1992 and
<br />be ready for water deliveries in 1994 (Cha~ter 6). This
<br />schedule is subject to adequate BIA appropriat~ons for on-farm
<br />planning and design and the design and construction of essential
<br />road and power infrastructure. This schedule also hinges on the
<br />availability of Small Reclamation Loan funds beginning in FY
<br />1991. The required funding from Reclamation and the Tribe to
<br />meet "Base Construction Costs" are as follows (Chapter 7):
<br />
<br />Year Reclamation Tribe
<br />1991 $ 3,141,800 $ 6,000,000
<br />1992 7,034,000 3,400,000
<br />1993 6,914,000 3,500,000
<br />1994 1,234,000 800,000
<br />TOTAL $18,323,000 $13,700,000
<br />
<br />Repayment Ability, Willinqness, and Schedule
<br />
<br />The Ute Mountain Farm and Ranch
<br />Dolores Project as a single unit
<br />Based on a farm. budget study, using
<br />project, when ~n full production
<br />generate payment capacity and payment
<br />
<br />Enterprise will operate the
<br />agri-business (Chapter 2).
<br />Reclamation 9uidelines, the
<br />beginning ~n 1997, will
<br />ability as follows:
<br />
<br />VI
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