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<br />.-' <br /> <br />C\) <br /> <br />Leonard Rice Consulting Water Engineers. Inc. <br /> <br />(303) 455-9589/2695 Alcott Slreet / Denver. Colorado 80211 <br /> <br />It",' <br /> <br />l.pc;I,.. .. .~ .," <br />Rflh'''': ... ',' <br /> <br />" <br /> <br />April 23, 1979 <br /> <br />Mr. R. E. Van Valkenburgh <br />Hydro_Eroduction-ManageF <br />Public Service Company of Colorado <br />. . , -- ~ost.Oft:;i"edIDx- a.4.O . <br />~- - - - - . Denver, Colorado 802 ot <br /> <br />Dear Mr. Van Valkenburgh: <br /> <br />, <br /> <br />Enclosed is our report describing an appraisal of the <br />Public Service Company Hinman Park Reservoir and Saddle <br />Mountain Pump Stations water rights in Routt County, <br />Colorado. Based on an analysis of the physical dnd <br />legal water supply available to the rights, the potenti21 <br />markets and transactions of a related or similar nature <br />we conclude that the rights have a fair market value as <br />of April, 1979 of $27.000.000. This includes $17,600,000 <br />for the Hinman Park Reservoir decree and $9,400,000 fo~ <br />the Saddle Mountain Pump Stations decree. <br /> <br />If we can be of any further service in connection with <br />this project, please feel free to call upon us. <br /> <br />Very truly yours, <br /> <br />~. <br /> <br /> <br />WATER ENGINEERS. INC. <br /> <br />LR/sw <br />1300/02 <br />Ene. <br /> <br />.~ <br />. <br /> <br />t4~\) <br /> <br />. <br /> <br />'I: <br /> <br />HydIQlogy <br />Waler Rights <br />Environmental Analysis <br />Urban Drainage <br /> <br />