Laserfiche WebLink
<br />L",) <br />~ <br />C-.'t <br />C\l <br /> <br />. <br /> <br />. <br /> <br />Project cost is estimated at $52.2 million including <br /> <br />interest during construction. Average annual benefits total $2.9 <br /> <br />million and annual operation and maintenance cost is about <br /> <br />$108,000. The benefit cost ratio is 1.46 to 1. <br /> <br />It sh()uld be pointed out that $43.7 million of the total <br /> <br />cost would be reirnbur~:2ble to the Federal Government. The Yellow <br /> <br />Jacket Conservancy District with authority to levy ad valorem taxes <br /> <br />was organized in 1959 to contract for repayment of reimbursable <br /> <br />costs. Othe~ sources of repayment revenue will be direct charges <br /> <br />to users of irrigation, municipal and industrial water and revenues <br /> <br />apportioned from the Upper Colorado River Basin Fund. <br /> <br />Of prime importance when considering projects in western <br /> <br />Colorado is the question as to whether or not depletions caused <br /> <br />by proposed projects is within the depletion allotted to Colorado <br /> <br />by the Upper Colorado River Compact. Depletion of Colorado River <br /> <br />fJ.C)~'" by t::,is r::-oj8ct is esti1'1i:ltcd at about 46,700 acre-'feet annually. <br /> <br />This depletion along with that from present and other proposed <br /> <br />uses is within Colorado's apportionment. <br /> <br />The Yellow Jacket Project is urgently needed to bolster <br /> <br />the economy of a depressed area and to increase agricultural and <br /> <br />industrial development of northwestern Colorado. It is technically <br /> <br />sound, economically feasible and more than 80% of its cost will be <br /> <br />repaid to the treasury. Also it will permit Colorado to put to <br /> <br />-3- <br />