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Section 8 <br />Options for Meeting Future Water Needs <br />^ Agricultural use can be preserved by allowing <br />alternative uses on an interim basis, without a <br />permanent dry up. <br />^ A better or more stable income to agricultural users <br />can be provided, since the net income from a lease <br />can exceed the revenue that would be realized from <br />farming in a dry year. <br />^ Provides for flexibility in water management, as there <br />is a free market mechanism through which water <br />supplies can be transferred within a basin. <br />The potential issues and conflicts with the use of water <br />banks for meeting future water needs include: <br />^ Water may not be available from the water bank when <br />needed. There is no guarantee or requirement for a <br />party to place its water in a bank. <br />^ Determination of transferable amount can be <br />complicated and other water users must be protected. <br />^ Soil, weed, labor, and equipment management issues <br />must be considered during those years when <br />irrigation is not occurring. <br />^ Challenges in starting a market. An entity needs to be <br />responsible for implementing advertising and <br />maintaining the Bank. <br />8.2.3 Development of Additional Storage <br />Storage projects capture water during high flow years <br />and seasons to be used during low flow periods. These <br />storage projects include the construction of new <br />reservoirs, enlargement of existing reservoirs, or <br />rehabilitation of existing reservoirs that have reduced <br />storage volumes due to various structural problems (e.g., <br />spillways unable to meet the current probable maximum <br />flood criteria, etc.). Storage options included in the SWSI <br />process include the construction of new storage facilities <br />to capture legally available flows under a new water <br />rights appropriation, the construction of new storage <br />facilities to maximize the yields of existing water rights, <br />including exchange priorities and conditional storage <br />rights, and the enlargement of existing reservoirs. The <br />rehabilitation of existing reservoirs that are under <br />voluntary or mandatory storage restrictions was <br />evaluated during the Basin Roundtable process. It was <br />determined that while there are many reservoirs with <br />restricted capacities, the total potential storage to be <br />gained from rehabilitation efforts is small in comparison <br />to Colorado's overall need. This issue is discussed in <br />greater detail in Section 10. <br />~ <br />$~ole'ri~ice Wo~e' $upplY Initia~ive <br />8.2.3.1 New Storage Projects <br />New storage projects include the construction of dam <br />embankments to create on-channel or off-channel <br />reservoirs. Off-channel reservoirs require the <br />construction of diversion or pumping facilities from the <br />river or stream to deliver the diverted water to storage. <br />Another option for the development of new storage is the <br />conversion of gravel pits to gravel lakes. These lakes are <br />formed by reclaiming and lining pits created through <br />gravel mining operations. Diversion or pumping facilities <br />are also required to deliver water to gravel lakes. Storage <br />options will vary greatly in their feasibility, and project <br />considerations, such as firm yield, capital costs, and <br />permitting are site specific. <br />The benefits of developing new storage projects include: <br />^ Water sources will be diversified if the water to be <br />stored is from a new source. This can reduce the risk <br />of supply shortfalls as not all water sources may <br />experience shortages at the same time. <br />^ The development of storage to capture <br />unappropriated water can potentially reduce the <br />pressure to transfer water from existing uses (i.e., <br />agricultural water) to meet future water needs. <br />The reliability of the overall water supply system can <br />be increased and the risks reduced. The development <br />of additional new storage can help protect against <br />potential water shortages due to structural failures <br />such as storage restrictions or the temporary inability <br />to use a supply due to water quality concerns such as <br />those associated with a forest fire in the watershed. <br />^ Existing water rights are not affected if the water to be <br />stored is under a new water right. <br />^ The development of storage for unappropriated water <br />captures an unused resource. <br />^ The development of storage maximizes compact <br />entitlements for beneficial use within the State of <br />Colorado. <br />^ Overall system efficiencies are increased by <br />minimizing system spills. <br />^ The yields of exchanges and non-potable reuse for <br />irrigation are increased. Maximizing the reuse of <br />consumable return flows requires storage, since <br />return flows occur year-round, but reuse for irrigation <br />only occurs during the summer months. <br />^ Storage is required to firm the yield of transfers of <br />agricultural water rights. If storage is not constructed, <br />C~A <br />S:\REPORT\WORD PROCESSING\REPORT\S8 11-9-04.DOC 8-11 <br />