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Upstream Interests: Town of Castle Rock, Castle Pines Metro District, Castle Pines North Metro District, Centennial Water and Sanitation District, Center of Colorado Water Conservancy District, Colorado State Parks, Denver Botanic Gardens, Parker Water and Sanitation District, Perry Park Country Club, Roxbor-ough Metropolitan District, and South Metro Water Supply Authority. Downstream Interests: City of Aurora, City of Brighton, Central Colorado Water Conservancy District, and Western Mutual Ditch Company. Instr•eam Interests: City and County ofDenver; Denver Water; The Gr•eenway Foundation, City ofLittleton, and Metro Wastewater Reclamation District. Other Support: Colorado Division of Wildlife, Douglas County Board of Commissioners, South Platte Basin Roundtable, Denver Metro Roundtable, Urban Drainage & Flood ControlDistr-ict, Audubon Society of Greater Denver; Trout Unlimited, Chatfi~eldBasin Conservation Newtwork, and the Colorado Environmental Coalition. Environmental and recreation concerns will be challenging, but the stakeholders have indicated their willingness and ability to mitigate impacts resulting from the reallocation of storage space. The Project is clearly viable, and the benefits are tremendous especially when compared to alternatives such as constructing a new storage facility. The Department of Natural Resources (DNR) and the Board (CWCB) have been instrumental over the past few years in supporting the Project and have demonstrated their robust willingness to advocate the goals and financial needs of the reallocation effort. A formal resolution was adopted by the Board at its May 2007 meeting as an official record of support for the Project. Legislative Proposal Staff now proposes a statutory change within the 2008 Projects Bill that will authorize the CWCB to: Contract with the US Army Corps to hold storage space in the reservoir; contract with local entities who will utilize the reservoir storage space; loan money and receive money from entities to undertake mitigation, operational and maintenance activities and hold such money in a $200 million fund until such time as it is transferred to the US Army Corps of Engineers pursuant to a contract or agreement; and, to undertake such action as is necessary, including the award of contracts and grants to public and private entities to undertake mitigation and construction related activities, to effectuate the delivery of water stored in the reservoir. Staff Recommendation Staff recommends that the Board endorse the concept of proposed new statutory language within the 2008 Projects Bill that would specifically authorize the CWCB to implement the Chatfield Reservoir Reallocation project. The staff has the authorization to work with the Executive Director's Office, the Governor's Office and members of the General Assembly regarding the specific language. The staff shall keep Board members informed regarding the progress of discussions regarding the proposed statutory change.