19 ‎(4)‎

• Board Meeting Date: 9/17/2008
• Description: ISF Section - Instream Flow Rules Revision Update
• Board Meetings - Doc Type: Memo

Page 2 -Policy # 19
Expenditures for ISF Water Acquisitions
APPLICABILITY: This policy and procedure applies to recommendations from the
CWCB staff to the Board for expenditures of funds to pay the costs
of acquiring water, water rights and interests in water for instream
flow use under section 37-60-123.7, C.R.S.
PROCEDURE: The CWCB staff will proceed under ISF Rule 6 in bringing proposed
water acquisitions to the Board. When a proposed acquisition will
involve the expenditure of funds under section 37-60-123.7, C.R.S.,
staff will prepare for the Board's consideration a summary of the
financial aspects of the proposal, which will be part of the
administrative record, including but not limited to:
a. where applicable, the lease or purchase price of water, water rights
or interests in water for ISF use, which, for a purchase of water,
shall be supported by an appraisal or other appropriate valuation
method;
b. a breakdown of costs related to the proposal, such as
1) costs of preliminary evaluations of the feasibility of a temporary
or permanent transfer of a water right for ISF use;
2) costs of historical consumptive use analyses of water rights;
3) costs of water rights appraisals;
4) costs of water rights title searches;
5~costs related to negotiating and finalizing the agreement(s)
necessary for the transaction, and
~~~~~ ;~ costs related to obtaining a decreed right to use the water
for ISF purposes.
c. the amount of money staff is recommending that the Board spend
on the proposal, and what costs the money will be applied to;
d. the source of funds available to cover any remaining costs (for
example, cost sharing by the water rights owner or a conservation
group such as the Colorado Water Trust, Trout Unlimited or The
Nature Conservancy); and
e. any in-kind services provided by the water rights owner or a
conservation group such as the Colorado Water Trust, Trout
Unlimited or The Nature Conservancy.
In addition to the information listed above, staff also will bring all
information required by ISF Rule 6 to the Board for its consideration,
including, but not limited to, information related to the factors listed in
ISF Rules 6e. and 6f.
,The CWCB staff will prioritize and recommend
expenditures for water acquisitions in the following order:
a. Water acquisitions that supplement existing ISF water rights that
are not always fully satisfied by existing stream flows.
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