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<br />(2 ) Repairs and rehabilitation: <br /> Rio Grande $ 1,135,000 <br /> Overland 858,000 <br /> Wane ka 619,000 <br /> Groundhog 125,000 <br /> Fossil Creek 2,057,000 I <br /> Beeman 110,000 <br /> $ 4,904,000 <br /> TOTAL $42,374,000 <br /> <br />The Overland and Waneka projects are listed under both categories <br />because they encompass the repair of existing dams as well as <br />provision for new capacity at those reservoirs. Thus, total <br />construction costs have been allocated between the two functions. <br /> <br />Recommendat ions <br /> <br />1. With respect to the Erie, Craig, Waneka Reservoir, <br />Groundhog Reservoir, Fossil Creek Reservoir, and Beeman <br />Irrigation Company projects, all of which are proposed for <br />authorization on a 50 percent cost-sharing basis, the staff <br />recommends that these projects be recommended to the General <br />Assembly for authorization under the terms set forth in the <br />summary for each project. <br /> <br />2. With respect to the Fruitland-Mesa, Rio Grande <br />Reservoir, and Overland Reservoir projects, whose sponsors are <br />proposing financing terms not presently authorized by statute, it <br />would appear that the Board has several options open to it: <br /> <br />a. Decline to recommend the projects at all. <br /> <br />b. Recommend the projects for 50 percent financing, <br />with repayment of the Board's investment to be <br />made (as presently required by statute). <br /> <br />c. Recommend the projects for more than 50 percent <br />financing, with repayment of the Board's investment <br />to be made (possi.ble under present law). <br /> <br />d. Recommend the projects for 50 to 100 percent <br />financing, with some portion of the Board's <br />investment being non-reimburable. <br /> <br />I <br /> <br />e. Forward the projects to the General Assembly for <br />its consideration without any recommendation from <br />the Board. <br /> <br />-2- <br />