PROJ00037

• Contract/PO #: C153386
• Contractor Name: San Luis Valley Irrigation District
• Contract Type: Loan
• Water District: 20
• County: Hinsdale
• Bill Number: SB 82-87
• Loan Projects - Doc Type: Contract Documents

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Priority Project Name

Payment
Period Total
Board Cost (yrs.) ~nt

1 Rio Grande Reservoir $1,134,500' 40 $ 1,200,568
1> 2 GI Qlmdhog-Re'S'ervDir lZ5-;ilGG--4G -2-91:;-400
3 Beeman Irrigation .. '
D Company 110,000 40 256,432
4 City uF (I ai~ 3,150,000 40 7,343,280
5 Fossil Creek
Reservoir 2,057,000 40 4,795,278
6 Town of Erie 1,645,000 30 3,2l0,218
Total $8,221,500 $17 ,097,176

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(b) The Colorado water conservation board may expend on
each project specified in paragraph (a) of this subsection
(1), from such moneys as are or may hereafter become available
to the Colorado water conservation board construction fund,
the amounts of money listed in said paragraph (a) plus or
minus such amounts, if any, as may be justified by reason of
ordinary fluctuations in construction costs as indicated by
the engineering cost indices applicable to the types of
construction involved for such projects or as may be justified
by reason of changes made in the plans and specifications of
the project if those changes are required by finalized
engineering drawings and specifications or by federal or state
requirements. The board's cost toward any project specified
in paragraph (a) of this subsection (1), except for the Rio
Grande Reservoir project, shall not exceed fifty percentum of
the total cost of constructing a project.

(c) Notwithstanding the provisions of section 37-60-121
(1) (b) (IV), Colorado Revised Statutes 1973, six hundred
nineteen thousand five hundred dollars ($619,500) of the
board's cost for the Rio Grande Reservoir project shall be
nonreimbursable in ~ecognition of the' fact that the state
shall receive the right from the oWner of the reservoir to use
a portion of the said reservoir's storage capacity for the
purposes of meeting Colorado's obligations under the Rio
Grande compact, section 37-66-101, Colorado Revised Statutes
1973, and maximizing the use of compact-allocated waters in
Co 1 orado.l The board shall not expend-, any nonreimbursabl e
moneys on the Rio Grande Reservoir project until the state
engineer certifies to the board that an operating agreement
satisfactory to him for the state's use of the reservoir for
compact purposes has been agreed upon. Said operating
agreement shall be incorporated in the contract between the
board and the project sponsor. The exception set forth herein
to section 37-60-121, Colorado Revised Statutes 1973, is
necessitated by the terms of the Rio Grande compact as
ratified by this general assembly on behalf of the citizens of
the state of Colorado. The general assembly recognizes that

PAGE 3-SENATE BILL NO. 87