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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COMPARABLE SALE NO. CC-l

WATER RIGHTS ONLY SALE, SHARES IN COLORADO CANAL AND
LAKE MEREDITH COMPANIES

SALE DATE:

October 2002

GRANTOR:

Riemenschneider Brothers, General Partnership

GRANTEE:

City of Fountain, Colorado

PURCHASE PRICE:

$1,352,500

INSTRUMENT:

Stock Certificate Transfer

CONFIRMATION:

Seller

LOCATION:

Crowley County, Colorado

AMOUNT PURCHASED:

250.00 Shares of Colorado Canal Company and 250.00 shares
of Lake Meredith Reservoir water stock.

COMMENTS:

Purchased by the City ofF ountain as drought protection and an
addition to its existing municipal water supply. A paired share
yields, on average, 0.52 acre-foot of consumptive use.

TERMS:

The Grantor received a net of$5,010 per share.

UNIT PRICE:

$5,410.00 per paired share or $10,404 per acre-foot of
consumptive use.

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