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<br />>l <br /> <br />.. <br /> <br />Memorandum <br />March 20, 1996 <br />Page Three <br /> <br />Conclusions <br /> <br />Whether the District decides to proceed with the Stevens Lake enlargement or with Martinez <br />Creek, a feasibility study will be needed. Before we advance any funds under the <br />$1,912,000 Stevens Lake authorization in HB 93-1273, an updated loan application and a <br />complete feasibility study should be submitted by the District for review and approval by <br />staff. A Martinez Creek feasibility study will be required before we can advance any funds <br />on the Small Dam Site Program purchase order. <br /> <br />The final feasibility study for a selected project should include a description of the various <br />storage options the District has considered and the process used in arriving at a final <br />decision. <br /> <br />Should the District's funding request for the Stevens Lake Project increase, or if the terms of <br />the loan are to change, it would also be necessary to again submit the project to the Board <br />and the Legislature for approval. <br /> <br />cc: Bill Stanton <br />Mike Sedet <br />J an Illian <br /> <br />WEG/vt <br /> <br />1:\ wctrans\secb\pawsd.mem <br /> <br />~':..i.'''''';._c~j <br />