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<br />water from !be chosen reservoir. <br /> <br />1987 The US Forest Service and !be BLM.conclude !bat numerous adverse impacts, as well as <br />significant public opposition, are associated wi!b the Rock Creek site. Accordingly, the <br />River District applies to !be BLM for a Right-of-Way permit for a dam on Muddy Creek. <br /> <br />1988 The Forest Service and BLM jointly issued a Supplemental Draft EIS reporting that the <br />preferred alternative is a 60,000 acre foot reservoir at Muddy Creek, north of Kremmling. <br /> <br />1990 Final EIS published for a dam and reservoir at Muddy Creek near Kremmling, CO. <br />The Colorado General Assembly au!borizes!be Colorado Water Conservation Board to loan <br />a maximum of $20 million to !be River District to construct Wolford Mountain Reservoir <br />at Muddy Creek. Denver's contractual lease payments will provide !be repayment revenues <br />for the CWCB loan. <br /> <br />1992 Although the $10.2 million payment from !be Subdistrict and subsequent interest has grown <br />to $16 million, !be estimated cost of !be Wolford Mountain Reservoir is $47 million (1992 <br />dollars). Therefore, !be River District requires an additional $11-12 million from o!ber <br />sources before construction could commence. The presence of TABOR on the November <br />ballot clouds bond financing. If construction is delayed, costs and interest rates are likely to <br />escalate significantly. <br /> <br />At !be April 1992 meeting of !be River District Board, Chips Barry, Manager of !be Denver <br />Water Department, proposes an increase ill !be value of Denver's 25 year lease payments and <br />greater up-front payments sufficient to eliminate !be River District's need for bond financing. <br />Further, Denver would provide from its West Slope water resources permanent water <br />supplies to address current water shortages in eastern Grand County. In return, Denver <br />proposes it obtain a permanent interest in !be stored water in Wolford Mountain Reservoir <br />following !be initial 25 year lease period. Denver's use of Wolford water woUld remain <br />limited to use for substitution. <br /> <br />At its regular July meeting, !be River District Board approves these amendments which <br />provide a permanent solution to water supply constraints on bo!b !be West and East Slopes <br />and clears the .way for construction of Wolford Mountain Reservoir. <br /> <br />Construction, however, is further delayed by objectors in !be related water rights case for <br />Wolford Mountain Reservoir, most notably objectors in !be Grand Valley concerned about <br />potential water quality impacts. <br /> <br />1993 Grand Valley agricultural objectors wi!bdraw as objectors. Al!bough Grand Valley <br />municipal interests remain as objectors, construction begins August 26, 1993. <br /> <br />1995 Construction complete, Project six months ahelid of schedule and $5 million under <br /> <br />2 <br />