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�J � Mr Peter Evans Page 2 November 5, 1999 � The spirit of.cooperative regional planning and nonparochial development of the Plan of Study was instrumental in moving this process forward so effectively. DCWRA wishes to recognize the leadership provided by Denver Water Board and the Colorado River Water Conservation District in achieving that important milestone. It is expected that this study process will be conducted over a two year period with a final report completed by early 2002. DCWRA Participation DCWRA represents nearly 20 water and metropolitan districts in Douglas and Araphaoe Counties with a common interest in the long-term development of economic and sustainable water supplies for their customers. Appro�cimately 80 percent of the water supplies are provided by four entities — Centennial Water and Sanitation District, East Cherry Creek Valley Water and Sanitation District, Town of Castle Rock and Parker Water and Sanitation District. At this time, the four large water districts and the majority of the smaller districts who could benefit from any project that is implemented as a result of this effort have committed funds and their staffs' time to the Study process. Through the development of this Plan of Study and commitment to the identified studies, the • membership has also prepared a Participant Agreement and funding program for a major part of the anticipated cost of the activities over the next two years. It is expected that all participants will have signed this Participant Agreement by early in 2000. Project Funding While no specific contracts have yet been negotiated with consultants, the three participating governmental agencies have committed funds to complete the majority of technical tasks that are anticipated. As an indication of the level of commitment being brought to the process, the following financial pledges have been made for the two-year planning period: Douglas County Denver Water Board Colorado River Water Conservation District DCWRA Participants . $50,000 $50,000 plus inkind services $50,000 plus inkind services $750,000 plus inkind services The Participant Agreement identifies a rigorous budget approval and peer review process that will be used to manage study efforts and ensure the quality of all work products that result from these efforts. Request for State Participation and Grant Monies The members of this partnership recognize the value of previous state planning issues including the identification of the opportunities for a conjunctive use approach to meeting the long term water needs of the south Denver metropolitan area. Further expressions of support have been received from executive level state officials during recent briefing sessions on the progress of this program. DCWRA is looking forward to continued support from the State of Colorado and eventual