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<br />~;., <br />:;,,) <br />..~ <br /> <br />the Farmer's Irrigation Company, The Company is the owner of the <br /> <br />Harvey Gap Reservoir and the Grass Valley Canal, both of which are <br /> <br />presently used to serve water to irrigated project land. The <br /> <br />Farmer' ,s Irrigation Company is a mutuel stock compe.ny orgaIlized under <br /> <br />the State Laws of Colorado. A contract covering the CORt of the <br /> <br />project repayable by Rifle City can be made direct with the City. <br /> <br />Development Period <br /> <br />Benefits from the use of project water can be immediate~ <br /> <br />realized on 86% of the land area to be served. In order to allow <br /> <br />water users tline to make needed adjustments of stock representing <br /> <br />present water supply and to bring into production 930 acres of new <br /> <br />land, it is suggested that a three year development period be allowed <br /> <br />after starting the use of project water before assessing const~lction <br /> <br />repayments. <br /> <br />. <br /> <br />. " <br />,I i <br />