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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 /> <br />. <br /> <br />HYDRO-TRIAD, lTD. <br /> <br />Februa ry 23, 1988 <br /> <br />Mr. J. William McDonald <br />Di rector <br />colorado Water Conservation Board <br />721 State Centennial Building <br />1313 Sherman Street <br />Denver, Colorado 80203 <br /> <br />Dear Mr. McDonald: <br /> <br />We have been authorized by the Santa ~'aria Reservoir Company to <br />transmit the enclosed Continental Dam Rehabilitation Feasibility <br />Study to you. The report has been reviewed extensively by both the <br />Santa Maria Reservoir Company (SMRC) staff and the CWCB staff and <br />all comments have been incorporated into the report. <br /> <br />The estimated cost of the project is approximately $161,000 <br />(Continental Dam only). The benefit cost ratio is 3:1. The SMRC has <br />requested 100 percent funding of a loan for the rehabi1 itation of <br />Continental Dam. The repayment period for the loan has been suggested <br />as 30 years. There are no other loans or grants from other sources <br />contemplated for this project. <br /> <br />The following letter from the Santa Maria Reservoir Company provi- <br />des the resolution by the SMRC board to move forward wi th this project. <br />Also enclosed in the Appendix B is a letter from Mr. John V. Carlson <br />relative to the value of Continental reservoir as a 'pre-compact" <br />reservoir and a request for 100 percent funding. <br /> <br />If you have any questions on this feasibility study or the loan <br />request please contact Mr. Barry Nelson of the SMRC or Ronald L. <br />Halley, Jr. of Hydro-Triad, Ltd. Thank you for your consideration on <br />this vital project for SMRC and the State of Colorado. <br /> <br />Si ncere1y, <br /> <br /> <br />lAD, LTD. <br /> <br />HA) <br /> <br />Ronald L. Halley, Jr. ,Po <br />President <br /> <br /> <br />"~" <br /> <br />RLH:jjm <br />cc: SMRC <br />J. Carlson <br /> <br />1310 WADSWORTH BLVD. LAKEWOOD, COLORADO 80215 PHONE 303-238-6022 <br />BRANCH OFFICE: 511 N. TEJON ST., COLORADO SPRINGS, COLORADO 80903 . PHONE 303,578,0850 <br />