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<br />enhance the District's financial capability to meet its contract <br />obligations. At this point Mr. Ioannides, Board staff member, <br />pointed out that the District's financial capability was not <br />based on the issuance of taps over and above those specified in <br />the feasibility report. <br /> <br />Agenda Item 12, Satellite Monitoring System, was announced <br />for discussion by the Chairman. In his remarks, Mr. McDonald <br />stated that in October, 1982, the Water Resources and Power <br />Development Authority contracted with Environmental Research and <br />Technology, Inc. to study a satellite monitoring system for <br />stream gaging stations in Colorado. This firm completed a report <br />entitled "Feasibility Study of Future Satellite Monitoring <br />Systems and Services" in February, 1983. <br /> <br />The Authority requested the Board to review this study <br />pursuant to Section 37-95-107(1) and (4) CRS, 1973, as amended. <br />(See Appendix K and attached letter) <br /> <br />-12- <br />