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DISCUSSION .- " This project is similar to other "multi-objective studies" currently underway by the Floodplain Management Section of the CWCB. Those include projects on the Roaring Fork River, the Arkansas River and the South Platte River. These projects have historically been funded by 5% of the Construction Fund allocated to Flood Control and Floodplain Management projects. By Statute, the Construction Fund (other than the 5% Flood Control allocation) is to be used for projects that increase the beneficial consumptive use of Colorado's compact entitled waters and projects that repair and rehabilitate existing water storage and delivery systems. While the application for this project identifies the project goals, it has not fully addressed the project benefits relative to the purposes of the Construction Fund. The need for the project is discussed however it does not identify specific documented problems associated with delivery of compact waters, storage facilities or irrigation delivery systems. Since there does not appear to be a critical project time constraint, and the 1999 5% Flood Control allocation has already been appropriated, the applicants should use some of their proposed project matching funds to prepare an application which more specifically describes the project's goals and benefits. The applicants could then apply for part of the year 2000 Flood Control allocation of the Construction Fund, Severance Tax funds, or Construction Fund monies if the project benefits could be specifically linked with water storage facilities, irrigation delivery systems, or the Rio Grande River Compact. -- The application should also address project coordination with the Rio Grande Decision Support System, institutional considerations (i.e., who will manage the project funds, maintain the database, contract with the CWCB), and future construction schedules and financial plans. The Board staff is available to assist the project sponsor with their preparation of a more detailed application including selection of a consultant to develop a plan of study and detailed cost estimates. RECOMMENDATION Staff recommends the Board encourage the applicants to prepare a more detailed application for consideration in FY 2000-2001 that more specifically describes the project's goals, benefits, costs, schedules, and financial considerations as they pertain to the Rio Grande River Compact, water storage facilities, or irrigation delivery systems. . 2