RGDSS_Task4_TerraceIrrigCo_Interview

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Share Ownership There are currently about 832 shares of the Company outstanding. These shares are owned by approximately 30 shareholders. Limitations on Share Use Shares of the Company may be used for irrigation purposes at any location within the Terrace District boundaries, and water may be used only on lands historically irrigated with Company water. Water deliveries to share owners are limited by the decreed water rights associated with its two river diversion points (Terrace Main Canal and Alamosa Creek Canal). Water Rights of the Company The Company owns numerous water rights with various priorities associated with its two river diversion points. The Company also owns storage rights for Terrace Reservoir (17,227.50 af). Direct flow water rights ownership tota1569.72 cfs for both river diversion points. Table 1 Priority Amount Decreed to Number (cfs) Structure 1 4.80 Alamosa Creek Canal 2 2.00 Terrace Main Canal 3 2.85 Alamosa Creek Canal 8 5.20 Terrace Main Canal 14 2.00 Terrace Main Canal 15 3.00 Alamosa Creek Canal 37 2.00 Alamosa Creek Canal 37 2.00 Terrace Main Canal 39 10.83 Terrace Main Canal 45 7.12 Terrace Main Canal 71 10.00 Alamosa Creek Canal 76 30.00 Alamosa Creek Canal 76 3.87 Terrace Main Canal 76 18.00 Terrace Main Canal 85 166.05 Alamosa Creek Canal 112 300.00 Terrace Main Canal Total (Alamosa Creek) 218.70 Total (Terrace Main) 351.02 Total 569.72 The Company also has historically diverted water from Cat Creek, a small intermittent tributary which naturally enters the Terrace Main Canal. The Company filed for this water in 1997 after all other water rights on Cat Creek were officially abandoned. The Alamosa River flows such that the Company can almost always run about 13 cfs. Greater diversion amounts are possible for a limited amount of time during the runoff period. C:Acdss\Terrace.doc Terrace Irrigation Company Interview June 18, 1999 -Page 2 of 6