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( , ' (~"~ 4. Perform operation studies of the system to provide the most efficient and economic means of. supplying the demands of the water users utilizing the system. 5. Prepare a brief discussion of environmental considerations attendant to the project. These would most affect the proposed collection and transport system for additional supplies from Black Mesa drainage areas identified in 1. above. 6. Prepare cost estimates of the project structures to a level of :!:. 20 percent. 7. Compute the value of benefits to be derived from the project. 8. Prepare economic and financial analyses of the project. These would include the repayment capacity of the water users to repay the investment costs over a reasonable payout period. " 9. Prepare a report that summarizes all aspects of the project to a level such that the report can be utilized to secure funding for final design and construction of thE: project. This would apply particularly to what the' Fruitland Mesa Conservancy District considers to be Phase I, namely, the enlargement of the storage facilities. The necessary time constraint as 'required by the Colorado Water Conservation Board (CWCB) for the study period will impose restrictions on completing a full feasibility investigation of all facilities of the project as envisioned in the Conservancy District's application to CWCB. These facilities include the proposed Black Mesa Collection Conduit (for which a reconnaissance investigation will be completed) and the exten- sion of the Fruitland Mesa Ditch to supply.water to the Upper Fruitland Area above Gould Reservoir. The Conservancy District has agreed that at present the upper area probably cannot be considered for lack of low cost water supplies. -2-