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<br />that due to the sensitive nature of purchase negotiations, that we would not name landowners or specific dollar <br />figures in this application. The funds allocated will be used to match the GOCO Legacy grant and potentially <br />other sources of funding, and the transactions will be public when completed. <br /> <br />Please see the generic GOCO Legacy Grant budget, showing the matching role of the WSRA funds. It also <br />shows the other funding sources that this project is accessing as matching funds the GOCO Legacy award. <br /> <br />IV. Schedule <br /> <br />The time line for completion of the four conservation easements is dependent upon the timing of contracting <br />with the WSRA for funds, and then proceeding through negotiations and all required due diligence steps. <br />Ideally, WSRA funds would be provided to the closing agent at the time of closing of the Conservation <br />Easement. This is the process used by GOCO and CDOW and we would appreciate consideration of this <br />request versus a reimbursement process for the funds. <br /> <br />In order to address this question, the following is a sample time line from GOCO depicting all the steps <br />necessary for each conservation easement transaction. The time frame for achieving these steps- - from the <br />time of award to conservation easement completion -- can vary between six and 18 months (or more in some <br />complex cases) due to the many variables of each transaction. IfWSRA funds are awarded, we would report <br />regularly to the CWCB regarding our progress towards completion and we anticipate the use of all WSRA <br />funds for transactions to be closed in 2008 and 2009. <br /> <br />Page 27 of 32 <br /> <br />Rio Grande Initiative <br /> <br />Janual'Y 2008 <br />