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<br />~ <br />'C\,! <br /> <br />. <br /> <br />. <br /> <br />c <br /> <br />first step should be to request assistance from the Bureau of <br />Reclamation in examining selected aspects of the West Divide <br />project (see attached letter). I will report bdck to the BOdrd <br />at the FebrUary or April meeting on the results of this dnalysis. <br /> <br />(2) A fedsibi1ity study of the Grdnd Mesa project, to <br />include consideration of findncing problems, hds been initiated <br />(see agenda item lOb). <br /> <br />(3) The Fru itland Mesd 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 dnd <br />Animas-La P1dta projects (see agenda item 7b). <br /> <br />(5) The proposed five-year capital investment budget (see <br />dgenda item 8) includes funding for the West Divide, Sdn Miguel, <br />Grdnd Mesa, dnd Fruit1dnd Mesa projects dnd front-end <br />cost-sharing for the Narrows dnd Animas-La Plata projects. <br /> <br />(6) The proposed capital investment budget also includes a <br />category for findncing the repdir 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 repdir <br />projects, two being from the State Engineer's list of high <br />priority pC'ojects. <br /> <br />(7) <br />financing <br />item 7d). <br /> <br />The staff has reviewed and analyzed existing state <br />mechanisms dnd the issues associated therewith (see <br /> <br />The <br />Board so <br />meeting. <br /> <br />staff will address these matters further should the <br />desire based upon its deliberations dt the December <br /> <br />JWM/gl <br /> <br />-2- <br />