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<br />If funds are made available to the colorado Water conservation <br /> <br /> <br />Board Construction Fund in the amount of $250,000, water use char- <br /> <br />ges would be levied by the state at the rate of $10,815 per year <br /> <br />for forty years, for a total repayment of $432,600. <br /> <br />The current rates within the town are $15 per quarter per tap. <br />\ <br /> <br />with the proposed construction, and assuming that for the first <br /> <br />year the number of taps will not exceed 160, the water rates would <br /> <br />have to be increased to about $12 per month per tap. <br /> <br />It is recommended that the Grand Valley project be submitted <br /> <br />to the 1978 General Assembly as priority number three. <br /> <br />FLS:tam <br /> <br />~~\~ <br /> <br />-4- <br />