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At its March 15 , 1984, meeting, the Board approved a <br /> • site development plan, which includes provisions for public <br /> access, after taking into consideration the proposal of the <br /> project proponent and the comments of the Division of Wildlife <br /> and the Division of Parks and Outdoor Recreation. The Board ' s <br /> report on the recommended site development plan is enclosed <br /> herewith. Also included is proposed legislative language which <br /> would effect the General Assembly 's approval of the recommended <br /> site development plan. <br /> With respect to appreciation in the value of lands in the <br /> vicinity of the project, it is undeniable that the construction <br /> of the proposed project and the emphasis upon its use as a <br /> recreational facility will yield substantial benefits to private <br /> land owners, in the immediate vicinity of the reservoir, <br /> particularly the Mountain Air Company. The recommended site <br /> development plan addresses this fact in two ways. <br /> First, it requires that the Upper Yampa Water Conservancy <br /> District obtain from the Mountain Air Company at no cost about 90 <br /> acres of land owned by the Company in order to create a public <br /> access buffer contiguous to the reservoir and to provide for <br /> other public access areas . Second, the recommended site <br /> development plan requires the District to purchase from other <br /> parties substantial lands well back from the reservoir so that <br /> there cannot be future development and appreciation in land <br /> values . These provisions , coupled with requirements for public <br /> • <br /> -2- <br />