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Preliminary Approach <br />• An IGA, which will be developed with the consensus of the project participants, will provide the <br />framework for future water and land development in the study area. <br />+ This study not only directly benefits the project participants, but it also benefits the State of Colorado <br />by providing a template for a collaborative approach to transferring water to municipalities while <br />sustaining irrigated agriculture. <br />• The water will stay in the local economies of the project participants. <br />• By maintaining irrigated agriculture, the tax base of the county is maintained. <br />5 <br />M:\FY2008\CWCB\S Platte and Arkansas Alternative Agriculture Grant\Proposal\Generalized Approach for Letter of Intent 3-25-08.doc <br />