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IBCC Meeting <br />May 15, 2008 <br />Goals for the Meeting <br />Agreement from the initial round of discussions <br />2. Agree on strategies to be evaluated <br />3. Agree on Roles and Next Steps (evaluate strategies and look at "what if" scenarios) <br />Interbasin Compact Committee Vision Exercise <br />If we let Colorado's water supply continue to evolve the way it is now, what will our state look <br />like in 50 years? Is that what we want it to look like? If not, what can and should we do about it? <br />Those are questions the Interbasin Compact Committee (IBCC) is addressing through their <br />visioning exercise. <br />After an initial round of discussions, the IBCC generally agrees that: <br />The status quo approach to water supply will not lead to the Colorado the IBCC members <br />want to see. Members had different ideas about the extent to which our current approach <br />could or should be changed, but all agreed we should explore different approaches. <br />2. Colorado is transitioning from an era of developing an undeveloped resource to an era of <br />managing a developed resource. Future water decisions will increasingly involve <br />reallocating water between uses. <br />3. A range of strategies are needed help meet our state's consumptive and nonconsumptive <br />water supply needs. These include a combination of demand side strategies, supply side <br />strategies, and regional coordination strategies (described below). <br />4. The IBCC should work with the CWCB to examine the trade-offs, risks, and uncertainties <br />associated with different strategies and combination of strategies. <br />- 1 -