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Supply Reserve Account. The Foundation is combining the contributions of landowners <br />with external technical and funding sources to implement the Project. This results in <br />strong leverage of the funds requested. <br />• This Project therefore demonstrates a creative and proactive funding strategy in which <br />the Foundation's request for SB-179 funding plays a vital and enabling role. <br />• If this proposal is not funded, the Project will not be implemented. <br />Meeting Water Management Goals and Objectives and Identified Water Needs <br />i. The water activity helps complete a needs assessment, including consumptive and/or non- <br />consumptive needs, that was not fully funded from other sources. The Project helps implement <br />the findings of the 2001 Study in which riparian area problems and needs were identified. <br />• The Project's goals are to stabilize stream banks, improve riparian habitat and enhance <br />the fishery by reducing sediment loading and to configure the stream channel to improve <br />the river's natural ability to move sediments through the system. Amulti-faceted <br />approach will be used. Where livestock grazing is involved improved grazing <br />management practices will be implemented. Cottonwood and willows will be allowed to <br />regenerate while improving the understory vegetation. <br />j. The water activity meets one or more of the nine water management objectives of the <br />Statewide Water Supply Initiative (SWSI; helps implement projects and processes identified as <br />helping meet Colorado's future water needs, and/or addresses the gap areas between available <br />water supply and future need as identified in the SWSI or the Rio Grande Interbasin <br />Roundtable's basin[wide water needs assessment done in accordance with the Colorado Water <br />for the 21St Century act. <br />• The water activity meets the following water management objectives identified in the <br />Statewide Water Supply Initiative (SWSI): <br />o It sustainably meets agricultural demands by increasing the ability of irrigators to <br />divert their appropriated water right when they are in priority. . <br />o It provides operational flexibility by reducing the problems of high sediment loading <br />in and near diversion structures, and downstream of the riparian restoration sites. <br />o It provides for multiple non-consumptive uses and environmental needs by <br />improving riparian conditions, repairing river channel problems, reducing sediment <br />load, thereby improving both wildlife habitat and water quality for fisheries. There <br />are potential enhancements to recreational opportunies in the benefits provided to <br />fisheries and related recreational assets. <br />o . <br />o It supports the preservation of the long-term cultural values inherent in this rural <br />area's historical and current agricultural lifestyle. It complies with all applicable <br />laws, regulations, and water rights.