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<br />. <br /> <br />. <br /> <br />As was previously mentioned, the COlorado-Big <br />Thompson Project was built by the United States Bureau of <br />Reclamation under the terms of a repayment contract with <br />the Northern Colorado Water Conservancy District. This <br />repayment contract specified that the District would pay <br />half of the cost of the water delivery portion of the pro- <br />ject but not to exceed $25,000,000. Power revenues from <br />the sale of power generated by the Project would pay the <br />remainder of the cost. Water users who received allotments <br />of the water in turn signed agreements which placed a tax <br />lien on their property to pay water assessments. In ad- <br />dition the people of northeastern Colorado, by a 16 to 1 <br />majority vote in 1937, agreed to assess all real property <br />within the District in the amount of I mill to assist in <br />the repayment of the Northern Colorado Water Conservancy <br />District's obligation for this project. <br /> <br />This repayment was set up under a forty year con- <br />tract with payments to begin in 1962. The total cost of <br />this Project was over $162 million. The Northern Colorado <br />Water Conservancy District also agreed to pay one-half of <br />the annual operating and maintenance cost for the Colorado- <br />Big Thompson Project and took over complete operation and <br />maintenance of all the water distribution facilities of <br />the project downstream of Carter Lake and Horsetooth <br />Reservoir on the eastern slope. These costs have annually <br />averaged $520,000, and $478,000 respectively. <br /> <br />It can be seen from the abov.e discussion that the <br />water users ~f northeastern Colorado have made a substantial <br />investment in these facilities located on the Colorado River <br />and continue to pay a substantial sum of money for the annual <br />operation and maintenance of this system. <br /> <br />-4- <br /> <br />, . ' <br />