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<br />r I . ,.:!. <br />1..'.. '-' ~ <br /> <br />32 <br /> <br />Section IV <br />The Post Congressional Period 1962- <br /> <br />The ~'ryin,;p!ln-Ark[\nsas Project was approved and signed <br />by President Kennedy on August 16, 'lnd upon the urging of Frank <br /> <br />Hoae; Jr. the President decided to COlnO to Pueblo and make !l. <br /> <br />presentation and speak upon his reclamation and water development <br />103 <br />programs and on August 17, 1962, the President came to Pueblo <br />on behalf of the Pryingpan-Arkansas Project. <br />Now that the Project was authorized it seemed that the <br /> <br />work was just beginning. <br />Project, however, until a <br /> <br />No construction could begin on the <br />1 O!~ <br />Repayment Contract was drawn up. <br /> <br />:! <br /> <br />The formation of this Repayment Contract took almost two years <br /> <br /> <br />and was approved on January 21, 1965. Now that this contract <br /> <br />was established and signed the actual construction of the Pro- <br />105 <br />ject could now begino <br /> <br />The Repaym~nt of funds to the ~ederal Government for <br /> <br />the building of the project is financed by four major methods: <br /> <br /> <br />(1) the selling of Pro,Ject Water to customers in nine <br /> <br />I <br /> <br />counties of S~utheast Colorado <br /> <br />(2) the sale of storage space in Pueblo Reservoir to irri- <br /> <br /> <br />gation companies below (east of) Pueblo. <br /> <br /> <br />(J) the sale of h;y-droelectric power by the Bureau of Reclamation <br /> <br />103 <br />Hoag, p. 135. <br />104 <br />Thomson, p. 162. <br />105 <br />Beise, p. 6. <br /> <br />