Laserfiche WebLink
<br />. <br /> <br />COLORADO WATER CONSERVATION BOARD <br />Department of Natural Resources <br /> <br />823 State Centennial Building <br />1313 Sherman Street <br />Denver, Colorado 60203 <br />Phone: (303) 666.3441 <br /> <br />STATE OF COLORADO <br />- <br /> <br />M E M 0 <br /> <br />RAN DUM <br /> <br />Richard O. lamm <br />Governor <br /> <br />J. William McDonald <br />Director <br /> <br />David W. Walker <br />Deputy Director <br /> <br />TO: Members, ewCB <br />FROM: Bill McDonald, Director <br /> <br />DATE: March 1,1983 <br /> <br />SUBJECT: Agenda Item 8a, March 3, .1983 Board Meeting-- <br />Dolores project <br /> <br />Introduction <br /> <br />Planning requirements for the Dolores project were completed <br />in the spring of 1977. Construction started in FY 1978. Prime <br />contracts have been awarded for, and construction is underway on, <br />McPhee Dam and the Dolores Tunnel. The next major award ofa <br />construction contract--for the Great Cut Dike pumping Plant--is <br />scheduled for May, 1983. <br /> <br />In September, 1977, the Dolores Water Conservancy District <br />executed a repayment contract with the United States. This <br />contract provides, inter alia, for repayment with interest of all <br />project costs allocated to-municipal and industrial water <br />(including an allocation of interest during construction). The <br />contract specifies a maximum obligation ot $20,000,000 for the <br />municipal and industrial water allocation, but with provision for <br />renegotiations of this amount upon the demand of the United <br />states if the allocation exceeds $20,000,000. The contract <br />states that continuation of construction shall be contingent upon <br />execution of an amendatory contract if the $20,000,000 ceiling is <br />exceeded. <br /> <br />. <br /> <br />Discussion <br /> <br />The estimated costs allocated to municipal and industrial <br />water, based on October, 1975 price levels and 1977 interest <br />rates, totaled $12,409,000. This was the basis for the ceiling <br />in the repayment contract, taking into account the then expected <br /> <br />135 <br />ai/8a <br /> <br />John R. Fetcher, Chairman. Herbert H. Vandemoer, Vice Chairman <br />C.M. Furneaux, Floyd L. Gelz, Dale F. Grant, Roben A. Jackson. Richard W. Johnston. Jr., Frederick V. Kroeger. David W. Robbins <br />