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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />3.0 Red Mesa Ward Reservoir and Ditch Company <br />The Red Mesa Ward Reservoir and Ditch Company is a not-for-profit corporation established <br />under the laws of the State of Colorado in 1923. The Articles of Incorporation are attached in <br />Exhibit D. <br /> <br />The summarized purpose of the Company is to: (1) appropriate or otherwise acquire 4,000 acre- <br />feet of the flood water of the LaPlata River and other waters for storage in reservoirs and for <br />distribution and use by members of the Company and other persons entitled thereto for domestic <br />and irrigation purposes; (2) to purchase or otherwise acquire title in facilities to store and convey <br />water; (3) to purchase or otherwise acquire lands upon which the facilities are located; (4) to <br />construct, operate, and maintain facilities; and (5) levy and collect assessments for the <br />enlargement, repairs, maintenance, operation and superintendence of facilities. <br /> <br />The five directors of the Company are empowered and directed to make such prudential by-laws <br />as are proper and necessary for the management, conduct and control of the affairs, business and <br />property of the Company and issuance of Company certificates. <br /> <br />The Company owns the Red Mesa Reservoir and inlet ditch from the LaPlata River. Land for <br />the enlargement must be purchased from the present owners. <br /> <br />There is one share of stock for each acre-foot of storage in the Red Mesa Reservoir. There are <br />1,172 shares of stock held by about 50 persons or entities. The 1995 assessment is $9.50 per <br />share of which about $3.50 is for operation and maintenance and $6.00 goes into a fund to pay <br />for repairs (about $7,000 per year). <br /> <br />The service area for the Company generally surrounds the small town of Red Mesa <br />(unincorporated) as shown on Figure 1. The service area is not constrained by any legal <br />limitations and could include water users outside of the historic area. Recently the Company has <br />sold a small number of shares for domestic well augmentation water within the historic service <br /> <br />area. <br /> <br />6 <br />