BOARD01033

• Board Meeting Date: 11/13/1963
• Description: Minutes
• Board Meetings - Doc Type: Meeting

3698

MR. KUIPER:

MR. STAPLETON:

"I think, for the Board, and perhaps for
some of the audience, we should clarify this
point about these releases of water. We are
sort of caught between the devil and the deep
here in that we need both dollars and water.
We have to have a flow of net revenues into
the Colorado River Storage project Fund in
order to build the participating projects and
this means releases of water at Glen Canyon.
This is the only way we can get those dollars,
by the release of water.

I

I might say this, that in the Project
plan as it has been submitted, the amounts of
water released, showed as released from Glen
Canyon, are those quantities of water which
will be necessary to produce the revenue which
we need to follow our present schedule of
construction of participating projects. NOw
it is more than 7~ million, yes, and we should
have some safeguards in there so that this
does not become a release in perpetuity. But
during the study period of the Pacific South-
west Water Plan, if we don't make these re-
leases and produce the dollars we are not
going to have the revenues that are necessary
to build our participating projects. So we
must, as I see it, go along in part but put
this future safeguard in. This is extremely
risky; they did the same thing in the Boulder
Canyon Project and now we are faced with re-
leases to make sacred the contracts that are
down there. We've got to consider both sides
of this question."

"Thank you, Mr. Kuiper. Any more conunents
on this agenda item?

I

We are getting close to the noon hour and
we are going to be talking this afternoon at
2 o'clock on the John Martin Permanent Pool.
Just so the Board will have some idea of how
I plan, as presiding officer, to handle this
matter and if there are any comments I'll
appreciate them now, I will ask for the staff
to give us a report on their recommendations,