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~ ~,' - ~t.:'\ \ "",;-{, 4.'~?>., ~:';1 L"" " COLORADO WATER CONSERVATION BOARD Department of Natural Resources 823 State Centennial Building 1313 Sherman Street Denver. Colorado 80203 Phone: (303) 866.3441 STATE OF COLORADO - M. E M. 0 RAN 0 U M. Richard D. lamm Governor J. William McDonald Director David W. Walker Deputy Director TO: Members, ewCB FROM: Bill McDonald, Director DATE: March 1, 1983 SUBJECT: Agenda Item 8a, March 3, 1983 Board Meeting-- Dolores project Introduction Planning requirements for the Dolores Project were completed in the spring of 1977. Construction started in FY 1978. Prime contracts have been awarded fOr, and construction is underway on, McPhee Dam and the Dolores Tunnel. The next major award of a construction contract--for the Great Cut Dike Pumping Plant--is scheduled for May, 1983. In September, 1977, the Dolores Water Conservancy District executed a repayment contract with the United States. This contract provides, inter alia, for repayment with interest of all project costs allocated to municipal and industrial water (includ1~ an allocation of interest during construction). The contract specifies a maximum obligation of $20,000,000 for the municipal and industrial water allocation, but with provision for reneqotiations of this amount upon the demand of the United States if the allocation exceeds $20,000,000. The contract states that continuation of construction shall be contingent upon execution of an amendatory contract if the $20,000,000 ceiling is exceeded. Discussion The estimated costs allocated to municipal and industrial water, based on October, 1975 price levels and 1977 interest rates, totaled $12,409,000. This was the basis for the ceiling in the repayment contract, taking into account the then expected 135 ai/8a John R. Fetcher, Chairman. Herbert H. Vandemoer, Vice Chairman C.M. FumeaulC, Floyd L Cetz:. Dale F. Grant. Roben A. Jackson. Richard W. Johnstott. Jr.. Frederick V. Kroeger. David W. Robbins