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<br />of this project seems to be a loti-cal consideration. Since about 65% <br /> <br />of the J.e.nd in the to}ffi is owned by Hico Argentine, the benefit derived <br /> <br />by a water system might be considered proportional. Since Rico Argentine <br /> <br />is always provided with the alternative of land develop1lent to its <br /> <br />mining industry, it can capitalize on the proven demand for recreational <br /> <br />mountain homesi tes. Therefore, nO matter Hhich way the milling industry <br /> <br />goes, the Rico Argentine l1ining Company has the potential of beneficial <br /> <br />use in tl1e presence of a domestic ~;ater system in Rico. <br /> <br />After these problems are resolved, the town will be in a posi tion <br />to proceed with the Colorado vlater Conservation Board and the granting <br /> <br />agencies that have considered the Rico Project.' <br /> <br />b&tv;. tf~ <br /> <br />Fredric P. Thomas, PE~LS <br />Colo. Reg. No. 6728 <br /> <br />- 5 - <br />