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<br />,. '.' C",'
<br />,~ I J "
<br />Annual'"eVellUes-Function amI. 80urce of revenue-Continued
<br />
<br />FRYING PAN-ARKANSAS PROJECT, COLORADO
<br />
<br />-15
<br />
<br />~
<br />
<br />Deli~ery system:
<br />Colorado Springs fllci1ltle~ (10,000 acre-feet at $29.0'22)_________
<br />Valley towns facilities (7,500 acre-feet at $55.036) ______________
<br />
<br />
<br />Subtotal___________________________________________________
<br />Leg." O.M. & R. costs__________________________________________
<br />
<br />200, 220
<br />412,770
<br />702,990
<br />187,580
<br />
<br />Net delivery system revenues_______________________________
<br />
<br />515,410
<br />
<br />Tot.al average Ilnnual net project revenues___________________ 4,084,985
<br />
<br />1 '\l'erage ot tax re,CDue!> fiPpl1etl to Irrlgatl{ln during 50-year repayment period follow-
<br />Ing cl'wpletloll of project construction.
<br />
<br />Mu.nicipal water
<br />
<br />Repayment of costs 3.110ctl.ted to municipal and industrial water is shown in
<br />two components in the payout ~tud'y nt'tIle end of this statement. DeliverY:-lri>tem
<br />co~t.s, cvrnprh;ing pipelines and rela'fed facilities for Colorado Spring.., and Ar-
<br />kansas Valley towns. ol.ltP repaid with interest at 2.U:~2 percent within 50 yeu'l"8
<br />ufter tbefie features begin to provide service b~. a tixed annual sum of $;:;1::i,410.
<br />The investment of $14,:!40,OOO is scbeduled in full service in fiscal year 1010
<br />and is umot"tized b;y ~'ear :lOlS.
<br />Ba.:lic project rosts of $8,774.000 allocated to municip31 water supply are en-
<br />tered into plant in service during fisclll years 1907 to HJ74. Full retirement of the
<br />Investment with interest fit 2,032 percent is necomlllished ill yenr 2015 which is
<br />well within a 50-;renr pel'i()~:J. The ullnual revenups applicable to Willer supplY
<br />costs totnl $31 'j,~(H), including vroceeds from water dp!h"erie.s and a llOrtion of
<br /><Jonservuncy District t':lxes amounting to $210,000. SubseqUent to th~ retire.
<br />ruent of tbis investment, full proceeds from district 'tuxes :lte applied to irrip:lltitln"
<br />
<br />Irrigation
<br />
<br />As pro\'illed in the proposed authorizing bills. repayment Q~'r'riglltion cost.$ is
<br />nccowplisbed in ::;0 yt:ur:;; atter ('1)1ll1Iletion of project cou..''lt , ,ion. The irriga-
<br />tion invC'stment filllOUl1t~ to $f)n,O~17,OOO, of wbich $-16.68J,7 'is paid lJy tbe
<br />COnser....alll:y DlsLl"id UI.H.l $19,-!11,:.!['U ll.v llower revennes. ConServllncy Disttlct
<br />revenues 8\"llilablt: to repay the irrigation (.'vsts. amount. to an annual average (If
<br />$,sSl,125 antI arise fr~)111 deliverie-s of various elas~es of watPl' and district tax
<br />prQ('e(o{ls as shown .)n tbe previolls I:n.bulatioll of annual re\"enues. Throughout
<br />the relJfi,rment period the diMrid tax prlK'eec1s. are estimated to gain ilt. the rute of
<br />$S,OUO a year, This rate of llDUUill growth is con~ervati\.e WhPll viewed from
<br />past increases in the tax bEl~ and probable futu'l'e population and eeonoruic
<br />growth IIDdPr {'onditions \.....ith the project in oJ.JeratioD.
<br />
<br />CONCLURION
<br />
<br />..
<br />
<br />Tbis supplementfll feasibilit~. 3ualysig effectively wrets t.he three cOllditioIlB
<br />cited during bearings before the House luterior Ilnd lUl:lular AITuirg Committee
<br />Oll the .}'rying].lan..Arkans.llS projel"t in .Tune 1f160. As 8hoWll in tbe reevaluation
<br />statement of January 1%0 the Jlt"oject benefIt.eost rH,tioo UTe 8ubstantially in
<br />excess of unity for both 50- nnd lOO-year Ileriods of analysis, Also ~]50,!Jl.}j,OOO.
<br />exclusive (If repaynble interest during eOllstruct.ioll, or 89 percent of the total
<br />projeet. ('Ost of $16~,nO:;,ooo is n.lIu(::nted "to reimbursalJle Jlurpo:;es and is repaid
<br />in ("to yenrs after t'onstruetiOll is completed. The project i-s n highly producti....e
<br />developwent in terlll.s of its henefit:-l Ug comparetl with cost:,!, it..__ reveuue l'utenti-
<br />alit.ie!';, and its fulfillment of needs for addi,tional water D.ml pow("r ill suutheJIstern
<br />Colorado. ",
<br />Mr. ROGERS, ile Fryingpan-Arkansas proj<:.~l is a multiple-purpose
<br />development fm, irri~at,ion, Ilmn,icipal Rnd iltrlu~trilll wat.er supply,
<br />hydroelectric power, nsh and WIldlife, and recreation. The project is
<br />4'fimated to C05,t $170 million. '?l,'l,~ p~'ovide supp~emental il'l'iga-
<br />\inlwater for 280,000 acres of pre. ,,-~Iy]rl"lgated land III the Arkansas
<br />)Wifey' i!J. .Coloracl? und will suppl'5r~v.ater to !neet .expanding needs
<br />'il~'unlC'palllnd mdustrial purposes on both s,des of the Continental
<br />; ivi'q~. The project will reduce flood clUInllge along the Al'kllnSaS
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