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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />3. <br /> <br />Upon final approval of the state loan, the City <br />should commit $350,000 of emergency impact funds <br />to the project and arrange for a municipal bond <br />to provide the balance of $115,560. <br /> <br />4. <br /> <br />Upon final approval of the state loan, but <br />preceding the arrangements for a bond issue, the <br />city should authorize the final engineering <br />designs for the Phase I facilities. <br /> <br />5. <br /> <br />Upon settlement of the alternatives diversion <br />case before the state Water Court, the City <br />should again evaluate the need for Phase II, <br />North Fork to Monument Lake Diversion System, <br />and if needed, schedule development within <br />5 years. <br /> <br />vii <br />