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02/02/2004 17:23 7194813452 PAGE 04 . Union park}s pumped-storage and multi-basin derivery facilities can be permitted and constructed in four seff-funding phases over a 7 to15 year perjod I for a total cost of about $3 billion; . . Union ParkJs Phase I Daml Taylor-Union pump/generator facility, and Union-Antero Siphon to Denver and Cororado Springs would cost about $1.5 billion. Colorado Springs and EI. Paso County would eventuaUy need another gravity pjpeHne through South Park to Rampart Reservoir above the Air Force Academy; . Union Park's Phase 2 pumped.-storage filling and peaking power operation between Blue Mesa and Union Park Reservojrs woufd cost about $900 million} including severar sma" fishing and irrigation reservoirs for 'ocaf Gunnison needs; . Union Parkds optional Phase 3 reversible interconnect pjpelfne be~een Union Park ReseNoir and Fry-Arkts southern collection system could further enhance efficiencies of existing reservoirs throughout four river basins for about $250 milHon~ . Union Park's optional Phase 4 pipeline branch from the UnionwAntero high pressure siphon can augment the Rio Grande Basin over Poncha Pass, when needed. for droughts and endangered species needsJ for about $250 million; . Union ParkJs hjgh storage concept can substantially reduce reg;onal evaporation losses, La. 1 ~ feet annuaUy from surface of Union Park VSI 7 feet from Lake PowelJ; . Union Park's expected 1 0 to 1 benefit~cost ratio for enhancement of water rights and utilities throughout five major river systems is about 5000/0 more efficient than any other current or proposed Western water storage project; . Union Park can quickly solve regionaJ water quality. endangered species. farm dry- up, Front Range growth) Black Canyon, Kansas shortages, etc.1 without additional dewatering of CoforadoJs excessively depleted South Platte. Arkansas, and Colorado Main Stem Rivers, as well as regional ground water reserves; . Union Park can be owned and managed by cooperating Western and Eastern Slope water providers; or a Statewide Water Authority; or a Regional Water Authority; . Union Parkls unique high altitudet multi--basinJ pumped~storage water and power enhancement concept can serve as a watershed pilot program to solve the Westls escalating clean water and power crisis for future droughts and growth.