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<br />. <br /> <br />. <br /> <br />first step shouLd be to request assistance from the Bureau of <br />ReclamatLon Ln examInIng selected aspects of the West DlvLde <br />project (see attached letter). I will report back to the Board <br />at the February or April meeting on the results of thIs analysIs. <br /> <br />(2) A feasibility study of the Grand Mesa project, to <br />include consideration of financIng problems, has been initiated <br />(see agenda Item lOb). <br /> <br />(3) The Fruitland Mesa project is presented for the Board's <br />consIderation for funding (see agenda item 7c). <br /> <br />(4) Front-end cost-sharing is proposed for the Narrows and <br />Animas-La Plata projects (see agenda item 7b). <br /> <br />(5) The proposed five-year capItal investment budget (see <br />agenda Item 8) includes fundIng for the West Divide, San Miguel, <br />Grand Mesa, and Fruitland Mesa projects and front-end <br />cost-sharIng for the Narrows and Animas-La Plata projects. <br /> <br />(6) The proposed capital Investment budget also Includes a <br />category for financing the repair of projects wIth dam safety <br />problems. In addition, three of the projects presented for the <br />Board's consideration under agenda item 7c are dam repair <br />projects, two being from the State Engineer's list of high <br />priorIty projects. <br /> <br />(7) The staff has revIewed and analyzed exIstIng state <br />fInancIng mechanisms and the Issues associated therewith (see <br />Item 7a). <br /> <br />The staff will address these matters further should the <br />Board so desIre based upon its delIberations at the December <br />meetIng. <br /> <br />JWM/gl <br /> <br />Attachment <br /> <br />-2- <br />