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<br />. <br /> <br />.' <br /> <br />. <br /> <br />'. <br /> <br />1,000 Contract <br /> <br />I'll Purpose: To outline !he'loan-::~-a:~~~uons. and :-;;~::l <br />obhgarions for the M&I portlon of the Elkhead Res('n'oir , <br />. , <br />I Enlargement. The )Qan \\ill be for S11,11O,00Q OIl 4% for 30 years i <br />'or 3.75%. fOf 20 years. Funds \\ill become avaIlable after July 1, ! <br />,nn. . <br />,-~' I <br />.... -- ---.--. _. ". --- ---.... <br />Purpose: To descnbe rCSC["I."Olf operatlons and oblig.l.tions. <br /> <br />L__._____._ _ <br /> <br />. City of Craig <br />. River Districl <br />. Other,,'! <br /> <br />. CWCB <br />. River Ilistriet <br /> <br />Reservoir <br /> <br />Operation <br /> <br />~(i!,,~\[''''~ <br />'~:;;.~lri~ '.',' <br /> <br /> <br />Purpose: To allow the ST!\TE (through D~R) to plOt-ide cost <br />share funds required by Public Law 106-392 dtrectly (0 the RIVER <br />DISTR1Cr for use In unplementing the Elkhead ReservOlI <br />Enlargement capical construction project identified by the L'CRlP in <br />the RIPR.\P and [0 receive appropnate cost share credlt from the <br />UCRJP for this expcnditurc. Colorado's tOlal obligation to UCRIP is <br />$8,065,000. Funds \\1..ll become a\'ai1able when contract is Signed and <br />approved. <br /> <br />A~('nc~' :'-lews <br /> <br />C\fI': A settlement has been reached \\ilh the consultant, Aha ventures. hired by the DNR to find savings <br />with \\hich to make investments, and raise revenues to offset the feared loss of General Funds. Rather <br />than receiving four percent of the s3\ings and revenues, AIta \\ill receive a flat $350.000. This means that <br />the Dt\R and its agencies \\ill need to find S250,000 mternally to fulfill the settlement. It is also expected <br />that other budgetaT)' actions may take place as a result of the settlement. We will keep you informed as we <br />learn more, <br /> <br />5[0 Costs: The State Engineer's Office has requested more than S500,OOO for activities related to the <br />Arkansas River litigation and more than SI20,Ooo for activities related to the Republican Ri\'er litigation. <br />As it docs not appear thai either General Funds or Severance Tax is available for these purposes, we <br />expect the Attorney General and the SED to submit a request to use money in the Litigation Fund in <br />March. <br /> <br />-- ##-- <br /> <br />27 <br />