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<br /><:> <br />(:::J <br />c,...) <br />~ <br />..... <br />~ <br /> <br />. <br /> <br />. <br /> <br />cost in later years, when Federal funds are available. <br /> <br />(2) District would have rights of way available, free and clear, when <br /> <br />Government funds are available for actual construction. <br /> <br />(3) Would reduce total cost of completed project, and could accelerate the <br /> <br />date of final completion. <br /> <br />B. Enter into construction contracts who contractors for construction of certain <br /> <br />structures yet to be started. <br /> <br />(1) Could use part of reserve accumulated as collateral for loans, and <br /> <br />make payments from revenue derived from sale of water, and the ad <br /> <br />valorum tax increased to one mill. <br /> <br />C. Serve as sponsoring agency under the Small Project Act. <br /> <br />(1) Construct small high mountain reservoirs to hold water in spring and <br /> <br />summer months, and have available later in the year under exchange <br /> <br />provisions of Senate Bill 81. <br /> <br />(a) This would also enable decree holders within the Conservancy <br /> <br />District on mountain tributaries to purchase Project water and <br /> <br />use as exchange water with senior decree holders down stream. <br /> <br />V. VALLEY AND COLORADO SPRINGS PIPELINES <br /> <br />A. Purchase right of way at todays prices to reduce total cost. <br /> <br />R. Provide matching funds for Governmental programs available under HUD, HEW, <br /> <br />Federal Water Pollution Control Administration. and EDA. to construct pipelines <br /> <br />and laterals. <br /> <br />C. Enter into private contracts for construction of all or part of the pipelines. using <br /> <br />-5- <br />