PROJ02098

• Contract/PO #: FS0041X
• Loan Projects - Doc Type: Approval Letter

STATE OF COLORADO

Colorado Water Conservation Board
Department of Natural Resources

_ 721 State Centennial Building
,., 1313 Sherman Street
Denver. Colorado 80203
Phone [phone]
FAX [phone]

.

Roy Romer
Governor

MEMORANDUM

James So {.Qd>~-"d
Executive Dmaor. DNR

Daries C. lile. P .E.
Direaor. CWCB

TO:

FROM:

Colorado Water ~rvation Board Members

Bill Green 13

DATE:

November 2, 1995

SUBJECT:

Agenda Item IS.b., November 6-7, 1995 Board Meeting,
Water Project Construction Loan Program, Requests for Approval on
Loans for New and/or Revised Projects, Eagle County et al. - Eagle Park
Reservoir Rehab.

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Eagle County, the Upper Eagle Regional Water Authority (the Authority), Vail Valley
Consolidated Water District (the District), and Vail Associates are requesting funding for the
acquisition of the Eagle Park Reservoir at the Climax Mine area above the East Fork of the
Eagle River. (Please see the attached project .summary and map.) The owner of the reservoir
site, Cyprus Climax Metals Company, is in the process of removing material from the former
tailings pond and rehabilitating the site as a fresh water reservoir with a potential storage
capacity of about 3,000 acre-feet.

The project is intended to augment winter water supplies to the service areas of the Authority
and the District, to provide additional water for snowmaking purposes by Vail Associates, and
to enhance streamflows in the upper portion of the Eagle River basin. Potential sources of
water supply are listed on the attached project summary and might be obtained from one or
more of the following:

I. a 1992 water rights filing by the Authority, the District, Vail Associates and
Climax Molybdenum Company for the reservoir in Case No. 92CW340;

2. from the exchange of senior consumptive use credits owned by the Authority
and the District;

3. by exchange from existing Green Mountain Reservoir contract water;

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4.

from snowmaking return flow credits;