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<br />OCT-08-S6 11.22 FROM-M.B.S.S. <br /> <br />10.870 247 8827 <br /> <br />PAGE 13/18 <br /> <br />~ <br />L'" <br /> <br />c <br /> <br />revenues, or decide upo~ ap~ocedure by which such projects would <br />be identified in the future. In either event, the Objective is <br />to Obtain CRSP power revenues to finance enough projects so as to <br />achieve the level of development represented by the four <br />authorized projects. <br /> <br />Recommendations <br /> <br />I recommend that the Board: <br /> <br />(1) Approve the attached detailed outline of Colorado's <br />proposal as the basis of further negotiations with the <br />power customers and the other staees and direct the <br />staff to proceed with such negotiations in an effort to <br />arrive at a final proposal for the Board's <br />consideration at its March 15-16 meeting, <br /> <br />(2) Direct the staff to prepare, in consultation with the <br />affected conservancy districts and the Southwest and <br />Colorado River Water Conservation Districts, cost <br />esti=ates and scopes of ,services for recon studies of <br />the reformulation of the ~uthorized projects, said <br />studies to be funded in part !:)y, and done by, local <br />entities under contract with ~~e Board and to be <br />subject to the SOard's review and approval at the March <br />15-16 meeting before being commenced, and <br /> <br />(3) Direct the staff to work with interested parties to <br />identify additional projects which could be financed <br />with-CRSP power ~evenues or, alternatively, to develop <br />a pro~edure by which such projects would be identified <br />and decided upon in the future, the objective being to <br />obtain with CRSP power revenue financing a level of <br />development equivalent to that contemplated. by the four <br />authorized projects. <br /> <br />JWM!gl <br /> <br />Attachment <br /> <br />hEMORA.L'mUt-t <br /> <br />-4- <br /> <br />~e~ruary 14, 1984 <br />