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E. <br /> STATE OF COLORADO <br /> COLORADO WATER CONSERVATION BOARD <br /> Department of Natural Resources <br /> 823 State Centennial Building <br /> 1313 Sherman Street ■W <br /> Denver,Colorado 80203 <br /> Phone: (303)866-3441 <br /> Richard D.Lamm <br /> M E M O R A N D U M Governor <br /> — — — — — — — — — J.William McDonald <br /> Director <br /> David W.Walker <br /> Deputy Director <br /> TO: Members, CWCB <br /> FROM: Bill McDonald , Director <br /> DATE: March 1 , 1983 <br /> SUBJECT: Agenda Item 8a, March 3 , 1983 Board Meeting- <br /> Dolores Project <br /> Introduction <br /> Planning requirements for the Dolores Project were completed <br /> in the spring of 1977. Construction started in FY 1978. Prime <br /> contracts have been awarded for, and construction is underway on, <br /> McPhee Dam and the Dolores Tunnel. The next major award of a <br /> construction contract--for the Great Cut Dike Pumping Plant--is <br /> scheduled for May, 1983. <br /> In September, 1977, the Dolores Water Conservancy District <br /> executed a repayment contract with the United States. This <br /> contract provides , inter alia, for repayment with interest of all <br /> project costs allocated to municipal and industrial water <br /> ( including an allocation of interest during construction) . The <br /> contract specifies a maximum obligation of $20 ,000,000 for the = <br /> municipal and industrial water allocation, but with provision for <br /> renegotiations of this amount upon the demand of the United <br /> States if the allocation exceeds $20,000,000. The contract WAER <br /> states that continuation of construction shall be contingent upon `. <br /> execution of an amendatory contract if the $20,000,000 ceiling is <br /> exceeded . <br /> Discussion <br /> The estimated costs allocated to municipal and industrial <br /> water, based on October, 1975 price levels and 1977 interest <br /> rates, totaled $12,409,000 . This was the basis for the ceiling <br /> in the repayment contract, taking into account the then expected <br /> 135 <br /> ai/8a <br /> John R.Fetcher,Chairman-Herbert H.Vandemoer,Vice Chairman <br /> C.M.Furneaux,Floyd L.Getz,Dale F.Grant,Robert A.Jackson,Richard W.Johnston,Jr.,Frederick V.Kroeger,David W.Robbins <br />