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<br />Columbine Ranches POA <br />January 24-25, 2001 <br /> <br />Agenda Item 8a. <br />(Updated February 5, 2001) <br /> <br />assessments to be paid by the membership, the power to create a lien if those <br />assessments are not paid, and the power to foreclose a lien so created. The subdivision <br />encompasses 160 acres, of which 54 acres are irrigated. The subdivision is 93% built <br />out, with houses on 50 of the 54 lots. The CRPOA owns the irrigation well, the storage <br />tank, and the deeded right of way for the distribution system. The Association would <br />also own the senior water rights purchased for augmentation of the well. <br /> <br />Proiect Description <br />Five alternatives were analyzed in the feasibility study: <br />1. The no-action alternative <br />2. Continued membership with GASP to augment the well <br />3. Purchase senior water rights for augmentation water <br />4. Purchase water from another source for the centralized system <br />5. Pumping of non-tributary wells <br /> <br />While Alternative 3, purchase of senior water rights for augmentation water, has a <br />significantly higher cost than Alternative 2, it is considered to be a far more reliable <br />approach to continued use of the Association's irrigation well. Alternative 4 was ruled out <br />because of its high cost, and Alternative 5 was ruled out because insufficient water <br />could be pumped from the non-tributary aquifers that underlie the subdivision. The no- <br />action alternative was unacceptable since it would result in an order from the State <br />Division of Water Resources that pumping from the well cease. <br /> <br />Selected Alternative 3 involves purchase of senior water rights that would be acceptable <br />to augment the CRPDA irrigation "veil. The main sources originally considered were the <br />Burlington-Wellington rights, the Brantner Ditch, the Fulton Ditch, and the Lupton <br />Bottom/Lupton Meadows Ditch. More recently the Association has been considering <br />Barr Lake shares as well as municipal return flow water. The consumptive use for <br />irrigation within the Columbine Ranches Subdivision is about 75 acre-feet per year, <br />(revised down from 84 acre-feet as a result of recent engineering analysis.) <br /> <br />The exact rights that the CRPOA would purchase were not determined in 1998, becquse <br />of the uncertainties of availability and purchase price. Regardless of the rights selected, <br />they will need to represent 75 acre-feet of consumptive use per year. Attempts to <br />purchase Fulton Ditch shares or Burlington-Wellington rights were unsuccessful as the <br />water market tighten and prices nearly tripled in the time frame December 1998 through <br />December 2000. <br /> <br />CRPOA has worked with a water broker and established the following water purchases <br />to fully augment their well: <br />Table 1: Water Rights Purchases <br />Acre-feet Price <br />(consumptive use) (acre-foot) <br />15 $4,000 <br />30 $6,000 <br /> <br />Name of rights <br /> <br />Total Price <br />$ <br />$ 60,000 <br />$180,000 <br /> <br />Barr Lake Shares <br />Municipal return flow <br />(Winter) <br />Municipal return flow <br />(Summer) <br />Totals <br /> <br />30 <br /> <br />$9,500 <br />$7,000 (Average) <br /> <br />$285,000 <br /> <br />75 <br /> <br />$525,000 <br /> <br />2 <br />