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<br />~.G")O <br /> <br />MR. GEISSnTGER. <br /> <br />MR. SPARI<S: <br /> <br />MR. GEISSINGER: <br /> <br />MR. STAPLETON: <br /> <br />MR. GOODWIN: <br /> <br />MR. STAPLETON: <br /> <br />MR. VANDEMOER: <br /> <br />MR. SPARKS: <br /> <br />MR. VANDEMOER: <br /> <br />MR. STAPLETON: <br /> <br />MR. DUGAN: <br /> <br />MR. STAPLETON: <br /> <br />MR. DUGAN: <br /> <br />" As I rec:UJ., at Qrte time we did approll'e a <br />.similar contract, in connection with Crown- <br />Zellerbach. Is that correct, Mr. Chairman or <br />Mr. Sparks?U <br /> <br />"That's correct." <br /> <br />"I therefore move that this Board go on <br />record as approving the contract that has been <br />explained here this morning." <br /> <br />"Is there a second?" <br /> <br />uSecond." <br /> <br />"All right. It has been regularly moved <br />and seconded. Any discussion?" <br /> <br />"Yes. I see John Sayre and Bob Barkley <br />over there from the District. There is a word <br />in here, and I suppose it would be changed in <br />the contract, but it does say 'sale of replace- <br />ment water' and I assume you don't mean that. <br />That 52,000." <br /> <br />"No, it is not the replacement. The re- <br />placement water is the 52,000 which is ear- <br />marked for the Colorado-Big Thompson Project. <br />The water that we are talking about is the <br />100,000 acre-feet of water in the reservoir <br />over and above the 52,000 for the Colorado-Big <br />Thompson Project." <br /> <br />"In this letter, though, Larry, it says <br />. replacement water' ." <br /> <br />"Maybe Mr. Dugan can answer that. U <br /> <br />"Mr. Chairman, I might give some informa- <br />tion to the Board." <br /> <br />"I'd like to hear it, please." <br /> <br />"Mr. Chairman, members of the Board, we <br />have followed the policy, before entering into <br />contracts for the sale of water or making use <br /> <br />I <br /> <br />I <br />