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<br />IRE:L:,fJD, S'7E},gOS PRyOR 6. HClLML~" <br />P~QFE:"SlorJAL. CQRPQRATIOI\I <br /> <br />Mr. Harris D. Sherman <br />January 26, 1976 <br />Page ,-4- <br /> <br />example of how the well-to-do in our society can misuse the <br /> <br />genuine interest in environmental protection for their own <br /> <br />personal desires. <br /> <br />Flood control benefits are substantial, contrary <br /> <br />to the landowners' assertions. Floods in 1969 and 1973 <br /> <br />caused substantial damage below the dam site and would have <br /> <br />been completely controlled by the Narrows Dam. Flood damage <br /> <br />in 1965 below the Narrows was caused principally by Bijou <br /> <br />Creek. Its effects would have been lessened with the <br /> <br />Narrows in place. Bijou Creek is not included in the <br /> <br />Narrows because residents upstream on the Bijou believe <br /> <br />eventual control of Bijou floods higher up on Bijou Creek <br /> <br />would both prevent damage to more towns and farms and allow <br /> <br />water stored there to help recharge rapidly dwindling ground <br /> <br />water supplies. Users on Bijou requested it be controlled <br /> <br />upstream if at all possible and the Lower South Platte <br /> <br />District concurred. Control of Bijou by Narrows is not <br /> <br />precluded at a later date if all efforts for upstream control <br /> <br />'prove unworkable. <br /> <br />The proper interest rate for the Narrows Project is <br /> <br />3-1/4% according to all applicable laws and regulations <br /> <br />and no extensions under any laws or regulations have been <br />