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<br />of exchanges could be used to supply
<br />Barr. Lake, Horse Cree~ and Prospect
<br />reservoirs which have a total capacity
<br />of 110,764 acre feet and a reserve
<br />capacity est1ma.ted at 56,000 acre feet.
<br />Thru the spring and summer months
<br />the tunnel could be used at tu1l or
<br />near capacity. This flow could, by the
<br />use of the diversion canals to the
<br />Poudre and to the Little Thompson
<br />and St. Vrain, be used directly in al-
<br />. most every part of the area to be bene-
<br />fite(l.".by,.tb'e~project"'an:d "by;~'excJlti'ngeB
<br />could be used in the areas which.
<br />would not be directly reached.
<br />
<br />$3 an Acre Foot Calculated
<br />
<br />as Top Charge for Water
<br />
<br />Calculations of the state engineers .
<br />office and of other engineers who
<br />have done preliminary work on the
<br />project put $3.00 an acre foot a8 the
<br />maximum Charge that would have to
<br />be made for Grand Lake tunnel water
<br />to make the project pay for its costs
<br />of construction and for its operation
<br />under any plan of financing which the
<br />Public Works administration and the
<br />Department of Interior would approve.
<br />This is equivalent to $69 per million
<br />cubic feet of water. Some of the esti-
<br />mates put the cost as low as $1.80 an
<br />acre foot which is the equivalent, of
<br />$41.40 per million. The annual amount
<br />varies according to length of time
<br />desired ,for amorUzation.
<br />As a straight reclamation project,
<br />which seems the plan generally fav-
<br />ored U. S. Reclamation service would
<br />construct the works. Repayment
<br />'would be made in forty annual pay~
<br />ments without any interest charge,
<br />making it virtually a purchase- of the
<br />completed work on the itistallmemt
<br />plan without the interest charge.
<br />
<br />Water Could Be Delivered
<br />
<br />into Thompson at Low Cost
<br />
<br />It is believed that the water could
<br />be delivered into the Thompson river
<br />at not to exceed $2.50 an acre foot,
<br />which is $57.50 per million cubic feet.
<br />This is basing the cost on a minimum
<br />of 200,000 acre feet. This minimum -is
<br />considerable less than the expected
<br />annual diversion, whIch is" believed
<br />will be not les8 than 225,000 acre feet.
<br />This would cut the cost some. There is
<br />also some prospect of securing- some
<br />earnings, from return water.
<br />On .top of this is the possibility of
<br />either getting a considerable credit
<br />on construction cost by the govern-
<br />ment retaining the power privileges,
<br />or if the hydro-electric possibilities are
<br />developed at the same time, it is be-
<br />lived that this can hlilp materially in
<br />
<br />.
<br />
<br />liquidating the whole project, and
<br />thus cut down the cost of the water
<br />fo,:, irrigation.
<br />Reservoir water, when obtainable,
<br />sells in Northern Colorado at from
<br />$100 a million cubic feet to $250 !Jer
<br />million, according to the season, as
<br />compared to the_ top estimate of the
<br />charge for Grand Lake water which
<br />is $69 a million.
<br />Reclamation PIan More
<br />Simple"TIfan'PWK'Sclleme'
<br />The reclamation plan is considerably
<br />more simple than the PW A plan, of
<br />grant and loan altho the money would
<br />till come from the same SOurce. Recla-
<br />mation service will deal with an asso-
<br />ciation of ditches and reservoirs, with
<br />an individual or corporation.
<br />Some additional security besides the
<br />new construction wUl be required to
<br />guarantee the government that the
<br />water _ will be taken and paid for in
<br />the necessary installments. Just what
<br />this security will be has not been defi- .
<br />nitely determined - as there are man v
<br />factors that enter into this part of
<br />the program, but it is not believed that
<br />insurmountable guarantees will be re.-
<br />quired by the government.
<br />Temporary corporation is being set
<br />up to work out the details and to
<br />create the final set-up or entity tbl!.t
<br />will make the contract with the gov-
<br />ernment. But each, ditch company or
<br />individual will be able to arrange for
<br />whatever water he or it may want to
<br />buy.
<br />Northern Water Users
<br />Committee Is iiI Charge
<br />}>resent campaign to get the Granq.
<br />Lake project c6n~tructed and financed:
<br />by federal 'government agencies is in
<br />Charge of a Northern Colorado Water
<br />Users committee composed as follows:
<br />Burgis Coy and Dr. Charles A.
<br />Lory of Fort Collins a.nd D. T. Pulliam
<br />of Loveland, representing Larimer
<br />county.
<br />W. E. Letford and T. M. Callahan
<br />of Longmont, representing Boulder
<br />county.
<br />Moses E, Smith of Ault, William A.
<br />Carlson and Charles Hansen of Gree~
<br />ley, representing Weld county.
<br />John Dille of Fort Morgan, repre-
<br />senting Morgan county.
<br />Robert Wright of Sterling, repre-
<br />senting Logan county.
<br />C. F. Rolfson of Julesburg, repre-
<br />senting Sedgwick county.
<br />These men will be the first board
<br />of directors of the water users ass<r-
<br />ciation which is now being incor-
<br />porated.
<br />
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