Laserfiche WebLink
q <br /> MEMORANDUM -2- March 1 , 1983 <br /> The Water Conservation Board has invested over $1 ,000,000 in <br /> the Blue River Project. Construction work has progressed to the <br /> point that we can be assured that about $140,000 of the $1 .2 <br /> million authorization will not be used for construction <br /> purposes. <br /> The use of the remaining CWCB funds for a water augmentation <br /> plan is in full conformance with the planned development, as out- <br /> lined in the feasibility study, and would complement the project <br /> that has already been constructed . However, when the Board orig- <br /> inally approved the project, it was not contemplated that CWCB <br /> construction fund moneys would be used to acquire water rights. <br /> Thus, this matter is referred to the Board for its consideration. <br /> Recommendation <br /> The staff recommends that the Board approve the request for <br /> making up to $140,000 available for the purchase of the Vidler <br /> Tunnel Ditch Company or any other comparable water rights subject <br /> to the following conditions : <br /> (a) The District shall match any State funds made available <br /> on a 50-50 basis, <br /> (b) The money shall be repaid to the State according to the <br /> terms of the existing repayment contract between the <br /> District and the State, with title in a portion of the <br /> water rights to be acquired being vested in the state <br /> for the duration of the contract, <br /> (c) Any water rights to be acquired shall be appraised at <br /> the District' s expense by the appraiser or appraisers of <br /> the staff's choice and the sale price shall be subject <br /> to the staff's advance approval , and <br /> (d) Board funds shall not be made available until change of <br /> water right proceedings have been completed by the <br /> District to the Board 's satisfaction. <br /> bb <br />