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1998, the Colorado Water Conservation Board provided the required assurances to act as the • <br /> non-federal sponsor for the study on behalf of Colorado flood and water resource interests. The <br /> study is presently estimated to cost approximately two million dollars. <br /> FEASIBILITY STUDY—PROJECT STUDY PLAN <br /> The District Engineer has recommended that a feasibility study be conducted for a Chatfield <br /> Storage Space Reallocation Project. The purpose of the feasibility study is to investigate the <br /> potential for reallocation of storage from flood control to multi-purpose use, to formulate plans <br /> of improvement, and to obtain approval of higher Corps authority. <br /> The study objectives are: <br /> Federal study objectives are required to ensure consistency across the Nation. The primary <br /> Federal objectives for this study are: <br /> • Identify solutions that are economically feasible, safe, and reliable; <br /> • Provide environmental protection solutions where practical and warranted; <br /> • Maximize,to the extent possible, the net contributions to the nation's economic <br /> development; <br /> • Substantially reduce the risk of personal injury or loss of life; <br /> • Minimize the future flood damage potential in the study area; <br /> • Minimize the impacts to the natural environment of the area and mitigate any adverse <br /> impacts; <br /> • Preserve the natural resources of the area, including cultural, social, and environmental • <br /> resources; <br /> • Restore water resources to mitigate problems; <br /> The Colorado Water Conservation Board and the Chatfield Study Group developed objectives to <br /> ensure that the storage reallocation studies met the primary water supply goals of the group. <br /> These objectives are more specific than the Federal study objectives and are outlined below: <br /> • Summarize "design hydrographic events"based upon available information, including <br /> snowmelt and rainstorms, and their relation to spillway design; <br /> • Evaluate additional conservation or water supply storage opportunities, benefits, and cost <br /> during flood and non-flood seasons; <br /> • Evaluate existing and alternative"rule curves" and release operations during flood <br /> conditions; <br /> • Evaluate the effect of reservoir operation alternatives upon water rights administration; <br /> • Identify potential flood risks and damages; <br /> • Identify potential recreation effects (including potential benefits and adverse impacts); <br /> • Identify environmental effects (including potential benefits and adverse impacts); <br /> • Develop preliminary estimates of the potential costs, or range of costs, of reallocating storage <br /> for water supply purposes; <br /> • Identify additional information requirements and potential costs to implement a feasibility <br /> level reallocation study, if warranted; and <br /> • Evaluate present weather forecasting capabilities in relation to the reallocation alternatives. <br />