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1 , . In the past, the SJWCD has sponsored the two phases with full support and cooperation with the CWCB, SWWCD, Archuleta County, DWR, DOW. NRCS, and of course, the LBPOA. This past year, the LBPOA applied for and received an NRCS EQIP Grant in the amount of$95K. This Grant differs from the previous EP A Grants in that the required match is cash 50- 50 split versus a 60-40 split of the EPA. The EPA Grant allowed in-kind contributions while the NRCS Grant does not. Therefore, in order to be able to use the NRCS Grant, the LBPOA must obtain the necessary matching funds amounting to $95K. We propose to do this as follows: LBPOA $12,000 [approved] Archuleta County 8,000 [pending] SJWCD 25,000 [pending] SWWCD 25,000 [pending] CWCB 25,000 [pending] . The LBPOA has proven in the past that we are an organization that takes seriously the use of the people's money. In 2004, we asked the CWCB for an additional $80K [in matching funds] so that we might finish the last 3.4 mile of Phase 2. You approved our request and as it turned out, that $80K would very nearly have been sufficient to complete the project. However, we approached the SJWCD, SWWCD, and our own LBPOA coffers to share the necessary match for the Federal NRCS Grant we had received. This resulted in returning to you approximately $26K of the $80K that you had granted us. As we begin Phase 3, we are asking for cash commitments from the aforementioned organizations and agencies so that we might restore an additional 1-11/4 miles of the Blanco River. Presently, there is no rock source available so project work will not likely begin before next spring. Should the CWCB grant our request, we assure you we will apply the monies diligently to the purpose intended. .