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. With the probability of elimination of most, if not all, of the irrigation function from the reservoir, most of the cost would necessarily have to be allocated to municipal and industrial water supply, The only other participating functions would be recreation and fish and wildlife enhancement, Public Law 89-72 limits the total allocation to no more than 50 percent of the reservoir cost to both of those functions, Although it is highly improbable that recreation-fish- wildlife benefits would support one-half of the cost, that assumption was made for analytical purposes. The remaining one-half of the cost would have to be repaid over a 50-year period at least at the rate of 3,222 percent, The resulting cost for 20,000 acre-feet from the Idylwilde Reservoir would average $30,47 per acre-foot annually, In lieu thereof, the cities can acquire allotments of water from the Colorado-Big Thompson Project at a price equivalent to about $11,25 per acre-foot of water annually at Horsetooth Reservoir, . The two factors (a) lack of a ready market for possibly 30 years, and (b) an available alternative at almost one-third of the probable cost of Idylwilde water, led to the decision in the fall of 1965 to terminate the investigations as soon as practicable, However, feasi- bility designs and cost estimates of the dam and reservoir were substantiallY completed for the record and for future reference if the investigations should be reactivated, CACHE LA POUDRE STEERING COMMITTEE . The members of this committee represented local interests, except for one member each from the Colorado Water Conservation Board and the Bureau of Reclamation, The local interests were irrigation companies and the cities of Fort Collins and Greeley. The steering cOJlIDlittee, which held monthly meetings, was instrumental in the collection of data, and endorsed various aspects of the investigation prior to their inclusion in the plan formulation studies, . 3