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<br />, <br /> <br />. <br /> <br />. <br /> <br />Based on the terms of the Contract, the Contractor shall repay the State the sum of <br />$90,650 if the structural water projects as presented above were constructed prior to January <br />11, 1998, but not before January 11, 1988. <br /> <br />Attached is a copy of the executive summary of the final published report. <br /> <br />Conclusion <br /> <br />Based on my research I would conclude that Summit County, from January 11, 1988 <br />to July 11, 1998, the 10-year time frame specified in Contract No. C-153484, did not <br />construct any applicable water project as identified within the feasibility study, and therefore <br />has no obligation to pay the State the Contract specified sum of $90,650.00. <br /> <br />As indicated in the letter received from the Assistant Summit County Manager, Dorey <br />Webb, dated January 25, 2000, none of the construction projects listed within the feasibility <br />report have been constructed (See Attached Letter). The alternative to modify the <br />operations of Clinton Reservoir was approached by the actual purchase of the reservoir from <br />the Climax Molybdenum Company in 1992, rather than having the mining company modify <br />their operations as suggested. Summit County was one on nine entities involved in the <br />purchase of the reservoir through a loan from the Colorado Water Conservation Board. The <br />project was not a construction project, however, but was a purchase of an existing facility, <br />with specific storage and water rights. Summit County owns 33 acre-ft. in Clinton Reservoir <br />or 13% of the total acre-ft. <br />