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<br />4!2E <br /> <br />NOTES <br /> <br />I. Total Cost of Settlement <br /> <br />A. Animas-La Plata Project~-The estimated cost. <br />exclusive of interest during construction (IDC), of <br />the project as planned by the Bureau or Reclamation <br />is $509.3 million ($529.8M total cost minus $20.5 <br />interest during construction. $509.3M) in October. <br />1985. price levels. <br /> <br />B: New Mexico Interim Irrigation Facilities--$3 million <br />covers the cost of interim water delivery facilities <br />made necessary by the staging of Southern Ute Dam. <br /> <br />C. Tribal Development Funds--A $20 million fund for the <br />Southern Ute Tribe and a $40.5 million fund for the <br />Ute Mountain Ute Tribe. <br /> <br />II. Non-federal Financina of Settlement <br />A. Cash for Animas-La Plata Project--Phase 1 <br /> <br />1. $42.4 million represents the purchasing value of <br />the $30 million to be placed in escrow by the <br />Colorado Water Resources and Power Development <br />Authority. The $42.4 million is calculated <br />assuming an annual inflation rate of 4.5\ with <br />earnings of compound interest at 8\ per annum <br />until the principal and accrued interest in the <br />escrow account are exhausted, which is expected <br />to be in about the seventh or eighth year of the <br />12-year construction period. Money from the <br />escrow account will be used at the rate of 20\ <br />of each year's required construction <br />expenditures for Phase 1 facilities. <br /> <br />2. Local cash contributions of $0.125 million will <br />be as follows: Animas-La Plata Water <br />Conservancy District. $5.000 per year during the <br />construction period for a total of $75,000; and <br />Montezuma County. $50.000 in a lump sum at the <br />start of construction. <br /> <br />3. Revenue bonding by the Animas-La Plata Water <br />Conservancy District (or the City of Durango or <br />the Colorado Water Resources and Power <br />Development Authority) will provide $7.3 million <br />to be paid in a lump sum prior to the year in <br />which the non-Indian M&I water allocated to <br /> <br />-2- <br />