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<br />oa174S <br /> <br />The value of vJater is not reflected in the value of the l..:md <br />directly. because the equity in the "'::Iter right remains with the Mort- <br />gagee. in fact, in this ease the Federal Governoent. until paid for. <br /> <br />12. (a) Question - Vlhat ,muld be the eost per acre foot of the <br />\vater proposed to be furnished for irrigation? <br /> <br />An SYler - As shrn'm on page 88 of H.D. 187, the total supply of <br />Tlater nade available by the projoct at the irrigation heaO..70rks y!Ould <br />average 189,800 acro-feet annually. Tms quantity includos tho origiml <br />water supply plus usable return flows. Benefits accrue from the use of <br />the total supply, therefore, the economic cost, rather th"-I1 the princi- <br />pal cost, is regarded as a better measure. The annual econouic cost is <br />C2,2951000 at October 1953 eonstruction costs as shovm in table 14- <br />That cost divided by 189,800 acre-feet gives an annual cost of G12.09 <br />per acre-foet of water. <br /> <br />12.(b) Question - What is the proposed rate per acre foot to be <br />charged for irrigation v.<ater supply and what 1/ould be the total return <br />per acre feot fer irrigation nater supply, including tax receipts from <br />conservancy district? <br /> <br />Answer - Although the project would nalee available at the irriga- <br />tion headworks 189,800 acre-feet annually, under existing state law it <br />appears doubtful that a service charge can be levied against all usable <br />return flows. Therefore, repayment must be computed on tlill basis of <br />143,200 acre-feet. The Conservancy District tax vall somewhat compensate <br />for the additional TJatar frcm return flows. The follovdng tabulation, <br />also shown in table 5, gives the quantity of water, proposed rate for <br />irrigation service, and total return: <br /> <br />Serviee <br /> <br />Acre- <br />feet <br /> <br />Rate <br /> <br />:~5.40 <br /> <br />3.00 <br />2.25 <br /> <br />~306,180 <br /> <br />37,500 <br />166,500 <br />178,475 <br /> <br />Gross <br />revenue <br /> <br />. 56,700 <br /> <br />Project water. . . . . . . . . <br />Storage and regulation of Tvan <br />Lakes Co. diversions ... <br />Regulation of ~inter .vater .. <br />District Tax .... _ . . . . . <br /> <br />. 12,500 <br />. 74,000 <br /> <br />Tot~l .......... .143,200 <br /> <br />~j6BS,655 <br /> <br />- 11 - <br /> <br />.. <br /> <br />" <br />" <br />, <br /> <br />" <br />I' <br />r: <br />I' <br />! <br />h <br />II <br />r <br />