C150150 Market Report

• Contract/PO #: C150150
• Contractor Name: Lower Arkansas Water Management Association
• Contract Type: Loan
• Water District: 67
• County: Bent
• Loan Projects - Doc Type: Feasibility Study

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TABLE OF CONTENTS

Summary ofImportant Facts and Conclusions ................................ 1

Assumptions and Limiting Conditions ...................................... 3

Authorization and Scope ................................................. 6

DefInition of Market Value ............................................... 6

Purpose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 7

Inspection and Scope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 7

I. Area Description ................................................. 7

A. Bent and Prowers Counties and the Arkansas River . . . . . . . . . . . . . . .. 7

B. Area Economy ....... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 8

C. Markets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 8

II. Property Interest Valued ........................................... 9

III. The Keesee Ditch Water Rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. 10

IV. Institutional Constraints on Water Supply. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

A. Arkansas River Compact . . " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
B. 1980 Operating Plan ....................................... 12
C. Legal Challenges to the 1980 Operating Plan. . . . . . . . . . . . . . . . . . . . . 14
D. The 1997 Offset Account in John Martin Reservoir. ... .. . . . . . . .... 15

V. Need for Augmentation Water. " . . . .. . '" .. ....... .. . " ... . . . . . . . . . .16

A. Kansas v. Colorado ......................................... 16
B. LAWMA'sAugmentation Water Supply ....................... .17

VI. Water for Recreational Uses ........................................ 19

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