BOARD01880

• Board Meeting Date: 4/1/1982
• Description: CWCB Meeting
• Board Meetings - Doc Type: Meeting

MEMOMNDUM

COLORADO WATER CONSERVATION BOARD
J. William McDonald
Director

TO: Members, ewCB

FROM: J. William McDonald

DATE: March 19,1982

SUBJECT: Closed Basin Project--Repayment Contract

Introduction

My memo to the Board of January 28, 1982, summarized the
current estimated construction costs of the mitigation and
enhancement features of the Closed Basin project. These costs
total $5,162,000 and $2,690,000, respectively. In accordance
with the Act authorizing the Closed Basin project, non-federal
interests must assume the costs of:

1. State-owned lands needed for the project.

2. One-half of the costs of recreation enhancement features
and one-fourth of the costs of fish and wildlife
enhancement features.

3. All annual operation and maintenance costs for
enhancement features.

The state-owned lands required for the project total 1772
acres and are estimated to cost $222,750. Reimbursable
recreation and fish and wildlife enhancement costs, including
interest during construction, total $1,040,500 and $204,000,
respectively. Thus, the combined non-federal construction costs
for land acquisition and enhancement features total $1,467,250.
Annual operation and maintenance costs are projected to be
$87,000.

Funds thus far appropriated by the legislature to repay the
estimated $1,467,250 of non-federal costs total only $500,000,
as authorized by Senate Bill 537 (1979 Session). This leaves the
state about $1,000,000 short.

(over)

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