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Final Draft - Preferred Storage Options Plan Southeastern Colorado Water Conservancy District June 8, 2000 primarily to support the legal, administrative, engineering, and environmental studies for NEPA compliance, EIS preparation, and agency approvals. Reservoir Enlargements The costs for reservoir enlargements ($75.6 million for Pueblo and $14.5 million for Turquoise in January 2000 dollars) include engineering, permitting, environmental, legal, construction, and mitigation costs. The PSOP envisions that the cost of new storage (totaling $90.1 million) would be funded by the participating entities as follows: . Participating entities would fund their share of the reservoir enlargements using their own funding sources. . The District Water Management Storage (10,000 to 15,000 af) would be funded through a 50-50 cost share between the District and entities participating in the reservoir enlargements. . The District's share of the cost would be funded through a low-interest CWCB loan with repayment covered by a Development/O&M fund, which also would provide funds for +l.,o n;........;.....+'.... ....1-.nr^ 0"0&1\,{ ........ +1-...... ........,'!! ...+....._~~.... LU\..> J..Jj';)Ul\.<L .;) .;)UQ \,.. 1 IV.1 VU LJI~ 11I;:;'YV ;::'LVla!:.c, The District's Development/O&M fund would accomplish the following goals: meet existing Safety of Dams (SOD) repayment obligations; fund the Winter Water spill credit; pay for the District's share of new storage development and O&M; create a Fry-Ark Project O&M reserve fund; provide funds to prepare for transfer of Fry-Ark Project O&M to the District; and fund District oversight ofthe_J:nlargements of Pueblo Reservoir and Turquoise Lake. Proposed rates for generating the Development/O&M fund are summarized below: J \PROJECTS\99061\Reports\Prc:fn-m:! SOP Filial wpd VII ~ GEl Consultants, Inc.