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<br />;> <br /> <br />- 3 - <br /> <br />. <br /> <br />8. <br /> <br />Water Resources Information Center Update <br />Tape 1, Track 1 1 :29:39 - 1 :48:05 <br />Action: Information item, No formal action taken, <br /> <br />9. Water Supply Protection - Species Conservation Trust Fuud <br />Tape 1, Track 1 1 :48:05-2:07:48 <br />Action: A motion was made by Carolyn McIntosh with a second by David Smith to <br />approve staff recommendation that the Board (1) reaffirm the above <br />expenditures totaling $2,568,000 from the SCTF for FY 04-05 and forward <br />that recommendation to the Executive Director of DNR, (2) recommend that <br />DNR de-authorize capital account authorizations from years prior to FY 02-03 <br />that have not been used, (3) strongly encourage the addition of at least $2 <br />million into the SCTF for fiscalyear FY 05-06 and (4) recommend that DNR, <br />using SCTF dollars, contract directly with the Colorado River Water <br />Conservation District for construction ofthe Elkhead Reservoir enlargement <br />element of the Upper Colorado RIPRAP to the extend of Colorado's UCRIP <br />cost share obligation and assure appropriate cost share credit from the UCRIP <br />is received, <br /> <br />. <br /> <br />In addition, the board recommends continued coordination with the DNR and <br />the CDOW toward the development of more detailed information on the <br />SCTF expenditure history, and the long-term SCTF goals and funding needs. <br />Given that the funds in the SCTF are nearly totally obligated, additional <br />funding is required. If additional funding is not forthcoming, then general <br />direction concerning the use of SCTF dollars that would limit the expenditures <br />~~. to only those necessary for participation in the two Recovery Programs and <br />UV~A should be provided, No additional funding means that the State will <br />~~~I:~ehind in cost share obligations under the two Recovery Programs or <br />';; ,..\' D~ completely fail to meet them, This would likely mean that the two Recovery <br />~ v- Programs will fail to achieve sufficient progress and thus will no longer <br />provide the reasonable and prudent alternatives for existing and future water <br />projects, <br /> <br />Motion was approved 9-0. Ray Wright was not present. <br /> <br />10. Colorado Water Research Institute Activities <br />Tape I, Track I 2:07:48 - 2:39:15 <br />Action: Information item, No formal action taken. <br /> <br />11. <br /> <br />Water Supply Planning and Finance - Financial Policy Revisions <br />a. Policy #13 - Target Growth Rate for the Combined Equity of the Construction <br />Fund and Severance Tax Trust Fund Perpetual Base Account <br />Tape 1, Track 1 2:39:15-2:50:35 <br />Action: A motion was made by Don Schwindt with a second by Bob Burr to approve <br />staff recommendation that the Board adopt the revised version of Financial <br />Policy #13. Motion was approved 9-0. Ray Wright was not present, <br /> <br />. <br /> <br />12. Water Supply Planning and Finance - New Financial Policy Review <br />Flood Protection. Water Project Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />