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<br />Field operation and maintenance <br />Development of annual operating plans <br />Fiscal budgeting and tracking <br />Water accounting and reporting <br /> <br />Estimated Costs and Funding <br /> <br />Phase I and III of the Tamarack Plan <br /> <br />Phases I and III of the Tamarack Plan will have to re-regulate 27,000 acre-feet of water to <br />mitigate the effects of existing water related activities (Prior to July 1997). This water re- <br />regulation will be done through a system of wells and ditches that participate as part of <br />the Tamarack Plan. The mix of structures that eventually makeup the Tamarack Plan is <br />yet to be defined and will change over time. The State of Colorado will be responsible <br />for funding the design, construction, operation, maintenance, replacement, and <br />administration of the facilities needed to provide the 27,000 acre-feet ofre-regulated <br />water called for in Phases I and III of the Tamarack Plan. The cost to develop and <br />produce Colorado's commitment for water covering the first 13-year increment of the <br />Program is estimated to be $4,200,000 for Phase I and $9,000,000 for Phase III. These <br />estimated costs are a part of Colorado's overall commitment of $15,000,000 for the first <br />increment of the Proposed Program. <br /> <br />As the costs for the Proposed Program were initially being assembled, it became evident <br />that an adequate and reliable source of funding must be identified to finance Colorado's <br />commitments to mitigate for impacts to threatened and endangered species. Other basins <br />within Colorado also have, or will have, similar financial obligations for threatened and <br />endangered species issues. These needs and others led to the establishment of the <br />Species Conservation Trust Fund ("SCTF") in accordance with HB 98-1006. It is <br />anticipated that the major portion of$15,000,000 for Phases I and III of the Tamarack <br />Plan during the first increment will come from the SCTF. <br /> <br />The State and water users have already developed some ofthe infrastructure that will <br />later become a part of the Tamarack Plan. During the completion of these projects, <br />several additional sources of funds have been identified and used. It is expected that <br />many of these identified funding sources will also be available to assist in future funding <br />ofthe Tamarack Plan. <br /> <br />Another source of funds is from water credits developed by Tamarack Plan facilities that <br />are in excess of Proposed Program needs and which can be leased to water users needing <br />augmentation supplies. That type of income is presently being received from operation <br />of the existing infrastructure recently completed on the Tamarack Ranch State Wildlife <br />Area. These dollars will continue to be available as there are times that the return flow <br />credits from operation ofthe Tamarack Plan infrastructure can only or should only be <br />used for the purposes of augmentation. <br /> <br />Tamarack OM&Rplan: version 0110112002 <br /> <br />3 <br />