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<br />F <br /> <br />-I <br /> <br />-35- <br /> <br />The most difficult factor to evaluate is the Juniper Pro- <br />ject. This includes considerati~n of, if and when it might <br />be constructed and to what capacity. Given the current <br />emphasis on environmental concern, the difficulties encoun- <br />tered by the Pleasant Valley Reservoir above Steamboat <br />Springs and the Federal Government's policies on western <br />water projects, it is difficult to for see completion of the <br />project within the next 20 to 25 years. On the other hand, <br />=~~ - - - - - ---contj:-nuea- worsenrng- of -tne energy -g-i tuation resulting in <br />--- - -aoditionaT emphasis 011 coal development in northwest Colo- <br /> <br />. <br /> <br />" - <br /> <br />. <br /> <br />'. <br /> <br />- <br /> <br />---- <br />- - <br />raoowillencouragefull development of the areas water <br />resources. As a private project the Hinman Park-Saddle <br />Mountain Pump Stations system could probably be brought on <br />line sooner than the Juniper Project, although it would <br />face many of the same problems. <br /> <br />," <br /> <br />Based on our evaluation of the above factors and analysis <br />of the physical and legal availability of water to the <br />Hinman Park Reservoir and Saddle Mountain Pump Stations de- <br />crees, and the assumption that the Juniper Project is <br />unlikely to be completed to its full decreed capacity <br />within a period of 25 years, we believe the Public Service <br />Company rights have a combined value of $27,000,000. This <br />consists of $17,600,000 for Hinman Park Reservoir and <br />$9,400,000 for the Saddle Mountain Pump Stations. <br /> <br />. <br /> <br />r <br /> <br />w <br /> <br />, . <br /> <br />',o. <br /> <br />b.. '() ~ <br />'> <br /> <br />j - <br /> <br /><1'> <br /> <br />Leonard Rice Consu~ing Waler Engllleers. Inc, <br />