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<br />C) <br />~ <br />~ <br /> <br />. <br /> <br />. <br /> <br />Agenda Item 8 <br />January 9. 1990 <br /> <br />expenditure as if the money had been paid to <br />Reclamation. <br /> <br />Agreed to, sUbject <br />credit. The Board <br />November meeting. <br /> <br />to a $50.000 limitation on the <br />agreed to this limitation at its <br />See article 7. <br /> <br />(6) Appropriate accounting procedures to document Board <br />contributions and Reclamation expenditures would be <br />required. <br /> <br />Agreed to, See articles 4. 5. and 6(f). <br /> <br />(7) The Board would receive credit for the value of the <br />property needed for the Durango pumping plant. which <br />property is owned by the Colorado Department of <br />Health. should that property be transferred at no cost <br />to Reclamation. <br /> <br />Agreed to. See article 8. <br /> <br />(8) All interest earnings on the $5.6 million which accrue <br />while that money is in the State Treasurer's portfolio <br />would inure to the sole benefit of the Board. not <br />Reclamation. <br /> <br />Agreed to. See article 3(b). <br /> <br />(9) The contract would contain a schedule of the future <br />annual appropriations which will be sought for the <br />project. <br /> <br />Largely agreed to. <br />which was agreed to <br />meeting. <br /> <br />See article 9. the language of <br />by the Board at its November <br /> <br />Recommendation <br /> <br />Reclamation has approved the enclosed final agreement and <br />is now in the process of executing it. I recommend that the <br />Board authorize me to execute it as well. <br /> <br />JWM/gl <br />Enclosure: as stated <br /> <br />cc: next page (w/enc.) <br /> <br />-3- <br />