Washington Business Winter 2016 | Page 9

advertisement Revised Financing-Cost Structure For: Odessa Sub-Area Groundwater Replacement Surface Water Service Contracts Annual Assessment/Acre What Should Be Done? 1. The East Low Canal Water Service Contracts should be immediately released to the Private Sector Irrigators. 2. All off-Canal water delivery systems (pumps and pipes) are built and financed by Private Irrigators, with direct Private Sector Financing. The Irrigators’ Private Capital lenders have approved $42 million, and provided direct commitments for up to $100 million with the release of the Water Service Contracts. 3. With completed project construction, water delivery system operational control is managed by the East Columbia Basin Irrigation District/USBR (turn-key projects built by the Privates). 4. Under state irrigation district law, the ECBID cost allocation can only cover costs that are incurred for actual benefits/services: Cost Category-Exhibit 5 Litigation 1a 1b 2 3 4 5 6 7 8 9 Common Development Cost Fee for Additional East Low Canal Modification Amortization (20-Years Private Financing)* District N/S-I-90 Systems Operation & Main. and Administrative Costs General and Common Operation & Main. Emergency Reserve Reclamation Construction-All Water Supplies Reclamation Construction-SBS&T Construction-Webber Siphon Pump Charges General Account Management Fee Total Acre Annual Assessment** $/Acre/Year $26 $6 $48 $0.5 $3 $9 $11.5 $2 $1 $107 *This financing would be managed directly by the ECBID. **Combined Water Service Contract Assessment Costs Charged by ECBID.