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I I ~ . ~ ( (- >,. 2. 4) Features, Recreational & ~Environmental Of the three major industries in this region, agriculture, tourism, and coal mining, tourism is number one. When the ski . area closes in April our economy fal~ flat. Stagecoach will provide a summer amenity which will help level out the rec- reation business. The reservoir will provide boating, sailing, swimming and exceptionally good fishing in a fantastic setting. The District has dedicated 672 acres to big game habitat and we are creating a 80 acre wetland aquatic habitat refuge at the west end of the reservoir for water fowl. Many other features have been incorporated into the project to enhance the environment. 5) Financial The total cost of the project including site acquisition, water rights, dam construction, hydroelectric plant, camp- ground, mitigation, and enlargement of the ditch system to deliver the irrigation water is $17,583,000. The District is putting in - - - - - - - - $2,546,000 The State of Colorado has pledged as a 40 year loan at 5% - - - - - - - - 8,000,000 A Small Reclamation Projects Loan and Grant was approved by the Secretary of Interior ~ on 28 April 1987 in the amount of- - - 7,037,000 ^ 17,583,000 In short, the non-Federal funds represent 60% of the total project cost, a percentage well above the generally accepted figure of 35%. Of the $7,037,000, $2,000,000 was approved by Congress in the 1988 budget, for which we are grateful. To see us through so that we can.store the spring runoff of 1989, we will need the balance of $5,037,000. The Colorado Water Recources and Power Development Authority through the issuance of a ~evenue Bond, has provided the District with the equivalent funding in anticipation of eventual Federal Funding. The Authority bond issue permitted the project to get underway in July of 1987.