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<br />-18- <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />two of the potential participants treated water from Loveland's plant are <br />estimated to be on the order of $2 million (1990 dollars). <br /> <br />Alternative Institutional Fr~eworks for Reaional Water SUDDlv <br /> <br />For this study, the term "institutional framework" means the legal construct <br />of existing or new organizations brought together in a specified relation- <br />ship for the purpose of providing M&I water supplies on a regional wholesale <br />basis. Any of a number of organizations individually or in combination with <br />one another could accomplish this purpose. <br /> <br />Ideal Institutional Fr~ework <br /> <br />Ideally, the institutional framework used for providing water supplies on a <br />regional basis would have the following attributes: <br /> <br />(1) Acceptable to all parties because of a minimum loss of <br />authority and control; <br /> <br />(2) Legally endowed with sufficient powers to obtain permits <br />for needed facilities, construct needed facilities, and <br />efficiently operate those facilities; <br /> <br />(3) Capable of singular, clear, and decisive leadership from <br />planning through construction and operation; <br /> <br />(4) Financially credible to facilitate borrowing at favorable <br />rates; and <br /> <br />(5) Simple, nonoverlapping management structures. <br /> <br />Certainly there are other criteria, but these represent key characteristics <br />that ideally would be embodied in a single framework. <br />