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<br />
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<br />
<br />SYNOPSIS
<br />
<br />Of th~ total annual r~venues, $458,230 would be required for op~ration,
<br />maintenance, and replacements, leaving $1,517,720 to apply on the
<br />construction costs of the project.
<br />
<br />payment of construction costs would be started in 13 separate
<br />irrigation blocks after suitable development periods, ranging from 2 to
<br />10 years. After the development period, the payments in each block would
<br />be continued for 50 years, the irrigation repayment period for partici-
<br />pating projects recommended in the report, Colorado River Storage Project
<br />and Participatin/l: Projects. Total irrigation payments wa.tld amount to
<br />~13,880,000 in 50 years or $103,130,000 less than the irrigation alloca-
<br />tion of construction costs, making necessary assistance from other sources.
<br />
<br />Revenues from municipal water would be paid over a 50-year period
<br />after water became available. Payments would be sufficient to pay the
<br />full municipal allocation in 50 years with 2 percent interest. Tho, interest
<br />component, amounting to $25,ll2,500,would be applied toward payment of
<br />the irrigation allocation.
<br />
<br />Net operating revenues for power accruing up to 45 Y€ars after the
<br />last plant was placed in operation would be sufficient to pay the cost
<br />allocation to power with 3 percent interest and to provide $31,681,845
<br />toward payment of the irrigation allocation. The interest component,
<br />amounting to $31,162,915, also would be applied toward payment of the
<br />irrigation allocation.
<br />
<br />To assist in the payment of irrigation construction costs, approxi-
<br />mately ~15,172,740 would be obtained from the Upper Colorado River Account
<br />that would be established from revenues of the Colorado River storage
<br />project to assist irrigators in paying costs of participating projects.
<br />
<br />Anticipated payments on reimbursable initial phase costs in the
<br />repayment periods outlined in the preceding paragraphs are summarized in
<br />the following tabulation.
<br />
<br />J
<br />
<br />~epa:vment, of Reimbursable Costs--Initial~ Phase ',' ,\.-
<br />
<br />Repayment of irrigation allocation
<br />Irrigation revenues
<br />Interest on municipal water allocation
<br />Interest on power allocation
<br />Power revenues surplus to payment of
<br />power allocation
<br />Upper Colorado River Account
<br />Subtotal
<br />
<br />:1
<br />
<br />$13,880,000 '.
<br />25,112,500
<br />31,162,915 '
<br />
<br />31,681,845
<br />15.172.740
<br />$117,010,000 '
<br />
<br />Repayment of power allocation
<br />Power revenues
<br />Repayment of municipal water allocation
<br />Municipal water revenues
<br />Total
<br />
<br />36,780,000
<br />
<br />42.480,000
<br />$196,270,000
<br />
<br />15
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