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<br />I <br />i <br />I <br /> <br />, <br /> <br />..... <br />ClO <br />. <br /> <br />conductinq a feasibility study. Only after such a study is <br />completed will interested parties be able to make an informed <br />judgment as whether a particular project may be to their <br />advantage. <br /> <br />.;; <br /> <br />Sy the same token, it is not proper nor necessary for the <br />Sureau to require statements from Colorado at this time <br />indicating a willingness to devote a portion of the state's <br />remaining compact entitlement to this project. That too is a <br />decision which can only be made after a feasibility study is <br />completed and the Board has had an opportunity to compare this <br />proposed project to other water development opportunities. <br /> <br />In short, the whole purpose of a feasibility study is to <br />provide the information which will be needed to make these and <br />other pertinent decisions. The Soard should not commit to those <br />decisions until appropriate studies are completed. <br /> <br />Recommendation <br /> <br />I recommend that the Board respond to Mr. Sarrett's March 5 <br />letter. My proposed response is attached for your review and <br />approval. <br /> <br />JWM!ql <br /> <br />Attachments: as stated <br /> <br />-2- <br />