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<br />. <br /> <br />December 12, 2005 <br />Page II ofl5 <br />Working Draft for Discussion <br /> <br />Several projects are proposed for non-federal funding: capital investments <br />for terminal storage near Drop 2 of the All American Canal. dredging <br />upstream of Laguna Dam, and/or storage at possibly other sites adjacent to <br />the Gila Gravity Main Canal. Funding for YDP capital improvements and <br />operating costs are also needed. <br /> <br />. <br /> <br />Conditions <br />I. The volume of credits for future use of res is to be determined based <br />on a negotiated determination among the states taking into account the <br />investment and the amount of water that would be conserved. <br />2. Permission to use res would be only for an interim period of time to <br />be determined at the discretion of the entity holding the res credits. <br />3. Permission to use ICS would require a forbearance agreement among <br />the states. The Agreement would include: <br />I. The total quantity of water that is available for use by the funding <br />entity. <br />II. The annual quantity of water that is available for use. <br />111. Total capital cost to be funded by the funding entity. [A question <br />has been raised about whether a state can receive credit for OM&R <br />investments. J <br />IV. The conditions describing the timing for the permission to divert. <br />[To be discussed is whether a state may divert both Domestic <br />Surplus and res at the same time.J <br />v. An additional benefit to the system may not be appropriate when <br />the system benefit due to continued conservation is substantially <br />greater than the amount of lCS proposed to be used. [The <br />standards and type of analysis that would be used to demonstrate <br />the net benefit of the capital improvement needs to be determined.) <br /> <br />. <br /> <br />1\ <br />