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Page 2 - Policy ~ 19 <br />Expenditures for ISF ~~'ater Acquisitions <br />APPLICABILITY: This policy and procedure applies to recommendations from the <br />CV~'CB staff to the Board for expenditures of funds to pay the costs <br />of acquiring «-ater. rater rights and interests in ~~-ater for instream <br />flog;~ use under section 37-60-123.7, C.R.S. <br />PROCEDLTRE: The C~'~'CB staff «-ill proceed under ISF Rule 6 in bringing proposed <br />«-ater acquisitions to the Board. ~'~'hen a proposed acquisition ~~-i11 <br />in~-ol~-e the expenditure of funds under section 37-60-123.7, C.R.S., <br />staff «-ill prepare for the Board's consideration a summary.- of the <br />financial aspects of the proposal. «-hich "-ill be part of the <br />administrati~-e record, including but not limited to: <br />a. ~;here applicable, the lease or purchase price of ~~-ater, ~~rater rights <br />or interests in rater for ISF use, «-hich. ~~~r a pL~~~Lha~e of~ ~;-~itz~ _ <br />shall be supported by an appraisal ~~ t~tlier a~~rc~pi-iate ~-~lutttic~n <br />rneth~?ii; <br />b. a breakdo«-n of costs related to the proposal. such as <br />1) costs of preliminary e~~aluations of the feasibilit;~ of a temporary <br />or permanent transfer of a «-ater right for ISF use: <br />2) costs of historical consumpti~~e use analyses of «.~ater rights; <br />3) costs of «-ater rights appraisals: <br />4) costs of «~ater rights title searches: i <br />-i costs related to negotiating and finalizing the agreement(s) <br />necessary for the transaction: and <br />-=~=' t,t`?~tti related t~? C?blclillills~ .l dc'i'1-c'.C',~ rl?}lt t~~ ~l'~C', tht~ ~~ ~Itf~r <br />f~~r ISF pur ~o~e~. <br />c. the amount of money staff is recommending that the Board spend <br />on the proposal, and ~~-hat costs the money ~-i11 be applied to; <br />d. the source of funds a~~ailable to corer any remaining costs (for <br />example, cost sharing by the ~~.-ater rights o~;-ner or a conser~. ation <br />group such as the Colorado ~'~'ater Trust. Trout Unlimited or The <br />I~Tature Conser~:.ancy); and <br />e. any in-kind ser~-ices pro~~ided by the ~;pater rights o«-ner or a <br />conser~ration group such as the Colorado `~%- ater Trust, Trout <br />Unlimited or The Nature Conser~-ancy. <br />lti a.dditi~~n t~~ ti:, ,Tlit~rtllaltc?tl ?itetl ab~~~=e. Mall als? tl_ill i~~-in~ ail. <br />ill f'c~.711ati~?~~ rei~~--aired i?.- ISF P4ule ~~ tc+ the Bs~-ard t~~r its `c~nsldet"iltlt)n_ <br />inciudin-~. htit n~~t lit~lited tc~. inill~ratie;~ related tt~ til lactc~rs listed in <br />IS 1= Kuizs he. and hf. <br />-- - - - -~, - - - - -a-- - - <br />, - ~ y~ .; -~ ~- ,~, TThe CV~'CB staff ~~-ill prioritize and recommend <br />expenditures for «-ater acquisitions in the follo~~-ing order: <br />a. ~?4'ater acquisitions that supplement existing ISF wwater rights that <br />are not al«-avs fully satisfied by existing stream flo«s. <br />2 <br />