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SECTIONFIVE Selection of Alternative and Financial Plan <br /> 5-5 <br />5.6.2 Permitting <br />SMRC has obtained the appropriate USACE an USFS permitting and/or clearances for <br />the project. <br />5.7 BENEFITS <br />The Project will complete the first phase of the SMRC Rehab Initiative, improving and <br />increasing the capacity of the conveyance system between Continental Reservoir and Santa <br />Maria Reservoir and establishing the critical elements required to proceed with future <br />improvements at Continental Reservoir. By implementing the preferred alternatives presented in <br />this report, the Project will accomplish multiple consumptive and nonconsumptive purposes, <br />greatly improving SMRC’s ability to (1) meet the agricultural needs of irrigators in 70,000 acres <br />of the San Luis Valley, (2) establishing significant improvements in the efficient management of <br />Colorado’s Rio Grande Compact water, and (3) supplying storage for Sub-districts in the basin to <br />meet their river depletion requirements. <br /> <br />