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Agenda Item 21 <br />Julv 21-22, 2009 Board Meeting <br />Page ~ of 6 <br />4. For the period 1995 through 1999, the 10,825 AF' of water subsequently replaced by water <br />users should be considered non-reiinbursable and the capital, OM&R, and coinpound interest <br />costs associated with this water for this period be reinoved froin the Ruedi debt. <br />5. The 10,825 AF' of water assigned to the Recovery Prograin froin 1995 through 2012 be <br />considered non-reimbursable and that the capital, OM&R, and compound interest costs <br />associated with this water be eliminated from the Ruedi debt and no longer be charged to the <br />Recovery Program. <br />6. Declare the 5,412.50 AF' contemplated as part of the permanent 10825 Water package non- <br />reiinbursable. <br />The impact of making the above non-reimbursable would substantially reduce the current debt <br />on Ruedi Reservoir of approximately $33 million and substantially reduce the projected 2019 <br />debt to $45 million. <br />Attachinent <br />