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The Recovery Program has also approved funding the River District's ten percent (10%) <br />management fee which is included in the estimated cost of constructing the reservoir <br />enlargement. The ten percent (10%} management fee is a reasonable approximation of the out- <br />of-pocket expenses incurred by the River District in managing the construction of the Reservoir <br />Enlargement. <br />This Grant Agreement will be the vehicle to transfer funds from Reclamation to the River District <br />for a portion of the Recovery Program's pro-rata share of the Reservoir Enlargement <br />construction costs in Fiscal Year 2005 {FY05) and succeeding years. Reclamation will provide, <br />via this Grant Agreement, up to $2,795,032, and the State of Colorado, Department of Natural <br />Resources will provide its remaining cost share, estimated to be $6,364,000, directly to the <br />River District as part of their cost share contribution to the Recovery Program, as required by <br />Public Lavr 106-392 as amended in Public Law 107-375 dated December 19, 2003, for a total of <br />$9,159,032.00 which includes a five percent (5%) allowance over the estimated cost of the <br />Recovery Program's share ($8,722,888.00) of the Reservoir Enlargement cost of construction. <br />2. AUTHORITY. This Grant Agreement is entered into pursuant to Public Law 106-392 <br />as amended in Public Law 107-375 dated December 19, 2003, the Act to Authorize the Bureau <br />of Reclamation to Provide Cost Sharing for the Endangered Fish Recovery Implementation <br />Programs for the Upper Colorado and San Juan River Basins, dated October 30, 2000 (114 <br />Stat. 1602). <br />3. OBJECTIVES. <br />A. Goal: Assist in the recovery of endangered native fish species in the Yampa <br />River basin. <br />B. Objectives: <br />1. Reconstruction (enlargement) of the Elkhead Reservoir Dam to <br />increase the s#orage capacity by 11,750 acre-feet. <br />4. RESPONSIBILITIES OF THE PARTIES. <br />A. River District shall: <br />1. Develop plans and designs for the Reservoir Enlargement. <br />2. Secure the needed funds, agreements, easements, permits, and <br />licenses necessary for the construction of the Reservoir Enlargement. <br />2. Provide personnel, contractors and equipment required for completion <br />of the Reservoir Enlargement construction. <br />4. Complete all construction work as specified in the Recovery Program's <br />scope of work. <br />B. RECLAMATION RESPONSIBILITY. <br />2 <br />