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<br />-. f..... <br /> <br />- ..~-. <br /> <br />RECOMMEND A nON <br /> <br />As mentioned above, staff is still in the process of reviewing the information recently <br />submitted by the applicants. The very preliminary indications are that the project is feasible <br />but a final determination of feasibility will be made upon completion of that review. <br /> <br />Staff recommends that the Board include the Eagle Park Reservoir Project in the 1996 <br />Construction Fund request to the General Assembly for a $3,125,000 Construction Fund loan <br />for 30 years at a lending rate to be determined at completion of the feasibility study subject to <br />the following conditions: <br /> <br />(1) That the issue of the Statement of Opposition by the Authority and Vail <br />Associates to the Board's instream flow filing, Case No. 92CW286, on the <br />IS-mile reach of the Colorado River be resolved to the satisfaction of the <br />Board, <br /> <br />(2) That a feasibility analysis be completed to the satisfaction of the CWCB <br />staff, <br /> <br />(3) That this loan will in no way commit the Board to providing any further <br />fmancing for the proposed project, and <br /> <br />(4) That the loan will be subject to all standard contracting requirements of the <br />CWCB. <br /> <br />cc: James Johnson, Board of County Commissioners of Eagle County <br />Rick McCutcheon, Upper Eagle Regional Water Authority <br />Rick Sackbauer, Vail Valley Consolidated Water District <br />Paul T estwuide, Vail Associates <br />Glenn Porzak, Porzak, Browning and Johnson <br />Linda Bassi, AG Office <br /> <br />w:\boardmem\jan96\ 1 Oa.jan <br /> <br />.r <br /> <br />4 <br />