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{ <br />delivered through Phantom Canyon during the fall and winter <br />months. While the rainbow trout fishery in Phantom Canyon is <br />outstanding, and while flows through the canyon during the summer <br />months are virtually guaranteed by the operation of the <br />irrigation system, the historic operation of Halligan Reservoir <br />has stressed the rainbow fishery in the winter and severely <br />limited the reproduction of brown trout, which require spawning <br />flows in the late fall. <br />Initially the.Conservancy considered buying shares in the <br />North Poudre Company but then learned that even if it owned <br />shares, those shares would not entitle the Conservancy to <br />deliveries of storage water during the late fall and winter. But <br />the irrigation company did not turn us away and was instead <br />willing to innovate. 22 <br />The Company first agreed to stretch out the emptying of <br />Halligan Reservoir at the end of the irrigation season. <br />Historically, the Company moved whatever water was left in <br />Halligan Reservoir at the end of the irrigation season down to <br />some of its other reservoirs at a rate of 75-100 cfs, which <br />evacuated the reservoir in fairly short order and minimized the <br />transit loss in moving the water down. In consideration for <br />22 The North Poudre Irrigation Company and The Nature <br />Conservancy have entered 1 year agreements for the last 3 years. <br />The last for fall-winter 1989-1990 is the most comprehensive. <br />24