BOARD00632

• Board Meeting Date: 8/16/1972
• Description: Agenda or Table of Contents, Minutes, Memos
• Board Meetings - Doc Type: Meeting

have worked out the fishery enhancement with the Wyoming Game and
Fish Department and Colorado Division of Wildlife on these fish flows.
We will have better flows on the Little Snake River for fishery,
particularly below the project area.

The project would provide an increased supply of 51,500 acre-feet of I
water for the project and this will cause a stream depletion of about
26,600 acre-feet. The stream depletion will be charged in the follow-
ing manner: 15,100 acre-feet to the State of Colorado artd 11,500 acre-
feet to the State of Wyoming.

The Pot Hook reservoir has a capacity of 89,000 acre-feet capacity, of
that 55,000 will be active and 34,000 will be a permanent pool.

(Slide) Hoping we will get money in 1974, this is a tentative schedule
of what we will be doing if we get the construction funds. We want
to get some work done on relocation of roads in the reservoir basin,
county roads that lead to the reservoir, get our design work, geo-
logical investigation, and so on, on the two dams so we can start
construction.

(Slide) There was $250,000 appropriated by Congress in fiscal year
1971. Those funds, however, were withheld by the Office of Management
and Budget and they have never yet been released. But we did have
a construction appropriation two years ago. There was in the Senate
version of a bill. this year $500,000 written in to start construction
on the Savery-Pot Hook project, but when it got to the House Senate
Conference Committee it was eliminated. We have no money in the bill
now for construction for' the Savery-Pot Hook.

(Slide) The Office of Management and Budget has requested that we re-
evaluate the project by two different methods. One, using a 5 1/2
percent interest rate and another using 7 percent interest. We did
complete the definite plan report last January which was approved.
These additional studies will mean changing the report again. Under
our present analysis, the gross cost values will be about $275,000.000
for the 100-year life of the project and the effect on the economy of
the state will be almost two billion dollars. This means that for I
every dollar spent on construction it returns $12 to the farmer. For
every dollar spent on construction it returns to the state and local
interests about $80.

A draft of the environmental statement on the project was released
last week by the Commissioner and was sent to all interested state,

-7-