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<br />0[;2203 <br /> <br />.' <br /> <br />selection was made by the TPEC, and cooperative agreement negotiations were <br />initiated. <br /> <br />1,2 Cooperative Agreement. <br /> <br />Reclamation entered into Cooperative Agreement No. 9-FC-40-07530 (Agreement) <br /> <br /> <br />with the partnership of Oasis Energy Company and Crystal River Energy Company, <br /> <br /> <br />referred to as the Sponsors, on October 23, 1989. The Agreement calls for the <br /> <br /> <br />Sponsors to develop a privately financed, owned, and operated desalination/ <br /> <br /> <br />cogeneration facility in Glenwood Springs. <br /> <br />Reclamation's involvement in the Agreement is predicated on a desire to <br />compensate the Sponsors for the desalination of the saline spring water, which <br />would prevent salt from entering the Colorado River. The compensation would <br /> <br />. be a fee paid for the removal of salt on a $/ton basis, up to an average of <br /> <br />200 tons per day, in accordance with the payment scll".lul" submitted in the <br /> <br />sponsor's June 15, 1989, Best and Final Offer, and incorporated as Exhibit 1 <br /> <br />to the Agreement. The salt processing fee '''ould be adjust",d for inflation <br /> <br /> <br />from July 1, 1989, dollars by application of the United States Gross National <br /> <br /> <br />Product Deflator, quarterly and in arrears. <br /> <br />The Agreement gives Reclamation "authority to periodically inspect salt <br />measuring devices and activities, and verify the Company's records of salt <br /> <br />removal." Salt removed from the saline water may be sold by the Sponsors to <br /> <br />third parties or disposed of in a manner and l'-">JUnn .Jl'L'lo'"ed by P-edamar i..:.n. <br /> <br />The Agreement will remain in effect for a term of .10 YOurs from the dat~ .:.f <br /> <br />. <br /> <br />2 <br />