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<br />I <br /> <br />developed and I can say that these procedures <br />revealed even a little greater benefit cost- <br />ratio than the old procedures. Furthermore we <br />have started to do some studies on the right-of- <br />way requirement around the reservoirs. We have <br />very little money as yet but we are using what <br />we have. <br /> <br />We are making the reconnaissance investi- <br />gations of the Cache la poudre Project. This is <br />continuing. I might say that the engineering and <br />hydrologic parts of the study are virtually com- <br />pleted; the economic study is not. We have gone <br />far enough to know that two of our alternates <br />should be feasible - one would be an Idylwilde <br />Reservoir by itself, simply to store and help <br />the water situation. This site is some 45 <br />miles west of Fort Collins. Then the second <br />alternate which we believe will prove to be <br />feasible is an alternate containing a large <br />amount of power. This would use the Idylwiide <br />Reservoir for storage above the power facili- <br />ties; it would use a reservoir for terminal <br />storage just belOw the confluence of the North <br />Fork of the poudre and the main stem. We are <br />calling this one Grey Mountain and there would <br />be power generating facilities in between these <br />two reservoirs. <br /> <br />I <br /> <br />On the South Platte-Narrows study, we got <br />into this study and found that we had to study <br />a great deal larger area than just the area <br />around Fort Morgan and Narrows. The Steering <br />Committee asked us to make a site selection <br />between the Weld County site and the old Narrows <br />site, so we found the area we had to study <br />hydrologically was from Denver clear to the <br />state line on the main stem and a little bit <br />upstream we have to bring in the Barr Lake area <br />and the Prospect Valley area. This study so <br />far has resolved into four principal items. <br />The first is the compilation of hydrologic data <br />which consists of data on stream flows, precipi- <br />tation, amount of ground water pumped in this <br />area, the water diversions, the water use and <br />the stream outflow. We are considering these <br />