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<br />~ <br />~ <br />~ <br /> <br />CHAPTER VII <br /> <br />FINANCIAL ANALYSIS <br /> <br />From studies of the pa~;lent capacity discussed in Chapter V, it <br />was determined water users could pay a total of $17,700 each year toward <br />irrigation construction costs. Therefore, in 50 years, the irrigation <br />repayment period being considered for projects participating in the <br />benefits and revenues of the Colorado River storage project, the water <br />users could pay a total of $885,000 toward the irrigation allocation of <br />construction costs. The remaining portion of the allocation, approxi- <br />mately $2,231,400, would be paid from revenues of the storage project <br />which would be credited to the Upper Colorado River Account to assist <br />irrigators in paying cost of participating projects. <br /> <br />A water conservancy district would be the most desirable entity to <br />contract with the United states Government for project operation and <br />repayment of project costs. Such an entity would in turn make one <br />contract with the Farmers Irrigation Company to represent farmers on <br />Harvey Mesa and in Dry Elk Valley and one contract with a new company <br />that would be formed to represent water users served by Davie ditch. <br /> <br />;1 <br /> <br />'I <br /> <br />~ <br />~ <br /> <br />52 <br />