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I I. I I I I I I I Ie I I I I I I I Ie I 275:::, 7. WATER RIGHT Colorado Canal Company, Lake Meredith Company, Lake Henry Company Water Rights CASE NUMBER - 86CW62, 84CW63, 84CW64 (Water Division 2) TOTAL ACRES - 47,373 acres in system in 1986; 50,000 to 56,000 in 1977 TOTAL MOVED - approximately 40,000 acres % MOVED approximately 86% ACREAGE DRIED UP TO DATE - approximately 40,000 acres; approximately 6,868 acres remain in irrigation, approximately 22,000 acres are in the revegetation process. FROM -Colorado Springs purchased from Foxley & Co. (corporate farmer) and Aurora purchased from about 125 individual irrigators TO - City of Colorado Springs and Aurora 1985-86 Colorado Springs DATE 1986-87 Aurora PRICE - Colorado Springs paid $27,500,000. at $1570/acre ft. Aurora purchased 14,225.38 shares at approximately $1500 per share. Aurora calculates each share will yield 0.6 ac. ft. consumptive use at the Otero pipeline diversion upstream. DECREED TERMS AND CONDITIONS - 1) delayed return flow required to continue benefiting Arkansas River 2) only historical consumptive use transfet;red 3) diversion at Colorado Canal headgate required to continue (use by Colorado Springs will occur after upstream exchange from Lake Meredith) 4) Winter water storage in Pueblo Reservoir permitted provided that: a) it only occur in winter storage period b) 12% of water stored be released to river c) storage in Pueblo Reservoir limited 5) Permanent dry up required for land irrigated by shares transferred to municipal use 6) measuring structures required 7) 5% of water required to remain in lateral 8) 12% of Lake Meredith water required to be released to remaining Lake Meredith owners A2-11