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1 4.5 South Platte River Multi-Objective Management Plan Continuation <br /> In 1996, the Board was authorized to expend up to $50,000 under contract with the Corps of <br /> Engineers to investigate problems related to flooding on the South Platte River in 1995 and to <br /> develop a multi-objective management plan to mitigate future flood losses and improve irrigation <br /> ' supply. The Board recommends that an additional $56,000 from the Construction Fund be <br /> appropriated for mapping, surveys, and collection of field data. <br /> 4.6 Lower Elk River Flood lain Management Plan <br /> P g <br /> ' The CWCB recommends an appropriation of up to $30,000 to the Board to assist Routt County <br /> and the Lower Elk River Flood Association implement demonstration projects ($10,000) and to <br /> develop a multi-objective floodplain management master plan($20,000) for the lower reach of the <br /> Elk River and the Yampa River. Matching funds will be obtained from the county and the <br /> association. <br /> 4.7 Geo-Hydrologic Investigation of the Denver Basin Aquifers <br /> The Board recommends that the state participate with the Denver Museum of Natural History <br /> and U.S. Geological Survey to obtain a 2,000 foot core from the center of the Denver Basin aquifers <br /> ' near Kiowa in Elbert County and conduct a geo-hydrologic analysis. The core hole is part of a <br /> $467,000 three year National Science Foundation research proposal that will focus on the evolution <br /> of the Denver Basin and its landscapes. Drilling and coring of the 2-inch diameter hole is estimated <br /> to cost $170,000 and is planned to begin in 1999. The geo-hydrologic analysis will measure the <br /> specific yield,hydraulic conductivity, and porosity of 50 samples taken from the core. The results <br /> will develop a more quantitative understanding of the geometry and yield of the aquifers. <br /> I <br /> 4.8 Loans to the Colorado River and San Juan River Recovery Programs <br /> ' Proposed federal legislation will limit both state and federal financial commitments to the two <br /> endangered fish recovery programs for Colorado River fishes. This legislation is being prepared for <br /> ' introduction with broad support from the Colorado congressional delegation as well as the Utah, <br /> Wyoming and New Mexico delegations. This proposed legislation anticipated a $17 million <br /> contribution from the four states(collectively)and a matching contribution of$17 million from users <br /> of hydroelectric power produced at Colorado River Storage Project facilities. The electric power <br /> users have generally agreed to this proposal with the condition that their contribution can be <br /> structured in a way which does not require them to raise their electric rates. Therefore, the CWCB <br /> proposes to finance their $17 million contribution from a new account over a period of 30 or 40 <br /> years at an interest rate favorable to the CWCB Construction Fund. The Board recommends a <br /> transfer of$2 million into this new account this year, with the understanding that is all the cash <br /> ' available at this time and that additional cash should be transferred into this account as its available <br /> during the next several years. The CWCB recommends legislative approval of this arrangement as <br /> a clear indication of the state's willingness to support the proposed federal legislative allocation and <br /> limitation of recovery program costs. <br /> CWCB FY97 Annual Report,page 27 <br />