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e e Recommended Amendments to Rock Creek Project Authorization The Board recommends that the 1987 authorization for the Rock Creek project be amended to authorize construction of either Rock Creek or Muddy Creek Dams. Both are feasible alternatives to meet the same water needs, with the Muddy Creek Dam having now been identified through the EIS process as the preferred alternative. The authorization for Rock Creek Dam would remain at $9 million at 5\ for 25 years. The authorization for Muddy Creek Dam would be for $13.06 million at 5\ for 25 years. The Board would be authorized to provide financial assistance to only one or the other of these two dams under this recommended amended authorization. Further, the Board recommends that if the project sponsor, the Colorado River Water Conservation District, applies for a mitigation grant pursuant to section 37-60-122.2, CRS, then the loan assistance to the project should be reduced by the amount of the grant. In this way, the total financial assistance to the project from Board sources would be 50 percent of project costs. Recommended Amendments to Lone Cabin Project Authorization The Lone Cabin Reservoir repair project was authorized for $80,000. The repayment period was 28 years. The cost share was recommended to be 80/20 percent. The project was expected to cost $100,000. The repairs, undertaken during the summer and fall' of 1988. were more complicated than expected. They involved the unanticipated replacement of a control valve and outlet gate at an additional cost of $8.788. Financial conditions among company shareholders appear to be such that continuation under the originally authorized loan arrangement is not feasible. The company proposes to contribute $10.000 toward the $103,000 completed project cost. Further, in order to keep annual payments at about $5.000. the repayment period would have to be extended from 28 years to 40 years. The Board recommends that the project's previous authorization be amended to increase the loan from the Board to $92,700 and the repayment period to 40 years. provided that the company pays $10,300 from its cash reserves. Recommended StudY of Fish Culture and Propaqation for Endanqered Fish The Colorado Squawfish, the Humpback Chub. the Bony tail Chub, and the Razorback Sucker have been listed either as thre~tened or endangered species by the U.S. Fish and Wildlife Servlce (USFWS) under the federal Endangered Species Act. This -2-