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<br />. <br /> <br />. <br /> <br />., <br /> <br />. <br /> <br />. Section 37-60-121(1) CRS "The first priority of the moneys available to the (construction) <br />fund shall be devoted to projects which will increase the beneficial consumptive use of <br />Colorado's undeveloped compact entitled waters. " <br /> <br />Participation in the costs of ilie drilling and core recovery operation ($170,000) and ilie <br />geo-hydrologic analysis ($42,000) appear to be eligible expenses in the same rnanner in which <br />the Metropolitan Water Supply Investigation and SB 96-74 were authorized. At iliis time, the <br />verbal commitments received from interested water users have not been developed into actual <br />contributions. <br /> <br />Based on the cost estirnates presented in the application, an appropriate level of <br />participation by the CWCB Construction Fund rnight be to match actual project contributions by <br />water users 2 for 1 up to a maximum of $90,000. This would provide a total contribution of <br />$135,000 or approximately 64% of the costs of drilling, coring, and conducting the geo- <br />hydrologic analysis. This formula provides an incentive for participation by oilier agencies <br />(e.g., the Division of Water Resources and perhaps the Colorado Geological Survey) benefiting <br />from this study. This level of support would seem reasonable compared to the level of funding <br />utilized in SB-74 ($100,000) and the study of the Economic Life of the Denver Basin Aquifers <br />($40,000). <br /> <br />RECOMMENDATION <br /> <br />.j./lIAi"l <br />{.l. (,l- v ') <br />/' <br />We recommend that the B~a request the General Assembly authorize up to $90,000 <br />from the Construction Fund tQ lle~fl.~jJl;ated for participation in a geo-hydrologic analysis of <br />an Elbert County research core by the Denver Museum of Natural History, ilie U.S. Geological <br />Survey, and oilier water users. The $90,000 will be used to rnatch two dollars for every one- <br />dollar contributed to the project by any Colorado water user group or agency. Further, allocation <br />of all funds shall be contingent on the DMNH receipt of tL llsr Lld~. - <br />5At'/c(ec.d -Pw.<.d s fb-r fke (f~"J~D;t <br /> <br />. <br /> <br />-~" <br /> <br />............----. <br /> <br />Felt <br /> <br />if ;,35.. D(; u <br /> <br />. <br /> <br />r ~ <br />'! () <br />30 <br />(C {0!-( <br />(p.-I us, 05 <br />if (0 JFI) D <br />