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<br />C..] <br />,-I <br /> <br />(: "I <br /> <br />C\! <br />C.) <br />c' <br /> <br />. <br /> <br />. <br /> <br />(2) to ::elieve the people of the United states fro);) <br /> <br />fu::thcr xinancial. risk or obligation i~ connection with <br /> <br />?latoro Reservoir. <br /> <br />~EC. 2 TRANSFER OF PLATORO RESERVOIR. <br /> <br />(a) IN GENERAL.--(1) The Secretary shall enter into an <br /> <br /> <br />agree~ent for the transfer of the Platoro Reservoir to the <br /> <br />Conejos Water Conservancy District, Colorado, upon the early <br /> <br />payment of the repayment obligation of the Conejos Water Conserv- <br /> <br />ancy District on a lump-sum basis. The lu~p-sum payment for the <br /> <br />transfer of Platoro Reservoir shall be $450,000. <br />, <br /> <br />(2) the lump-sum payment provided for in paragraph (1) is <br /> <br />based upon -- <br /> <br />(A) t!1e present \'Iorth (advanced payment) of the <br /> <br />- <br />scheduled annual payments to be made to the United <br /> <br />States Pl]'t.sua.nt .-ts- ..the existing repayment contract <br /> <br />b",tween the United States and the District (Contract <br /> <br />No. Ilr-1529) to fully satisfy the reimbursable con- <br /> <br />struction cost obligation of $2,321,877, plus <br /> <br />(B) the fair market value of underlying lands <br /> <br />e~c~mbered by Platoro Reservoir and such repayment <br /> <br />c.ontract, <br /> <br />taking into account the release of Federal obligations for <br /> <br />operation and maintenance of the reservoir for flood control <br /> <br />purposes, taking into account reservations hereinafter provided <br /> <br />in Sec. 2(c) taking into account certain conditions on the <br /> <br />tra:1sfer hereinafter providpd in Scc-..z-(tl) (1), (2) and (3), and <br /> <br />=2- <br />