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• Feasibility Study <br />Lazy O Ranch Homeowners' Association <br />Irrigation System Using Non-Potable Water <br />INTRODUCTION <br />The Lazy O Ranch Homeowners' Association, located in Pitkin County, was formed in <br />1987. The Ranch consists of 1500 acres which includes 22 home sites, 500 acres of <br />agricultural land and 900 acres of dedicated wildlife preservation. The Lazy O Ranch <br />preserves the 100-year-old agricultural and ranching operation of the land while <br />protecting the native wildlife of its mountainous terrain. The Ranch was part of the <br />Williams Brothers' Ranch that was homesteaded in 1883. The developer of the Lazy O <br />Ranch had the vision to develop the land, while preserving the agricultural and ranching <br />heritage of the Snowmass Capital Valley. <br />As the Ranch was developed, the irrigation system for each of the home sites was <br />connected to the potable water system. There are currently 11 homes that have been <br />constructed and utilize the potable water for irrigation and domestic use. As the Ranch <br />�ontinues to develop and the remaining 11 homes are constructed, there is concern by the <br />Association membership of the utilization of potable water for both irrigation and <br />� domestic. The potable water is derived from an underground central water system with a <br />well and purnp house. The water system is augmented by a 100,000 gallon tank, located <br />on the Ranch. <br />The Ranch has an ample supply of water to adequately operate an irrigation system from <br />other water sources on the Ranch. The alternative irrigation systern would be to install an <br />irrigation system along the development sites within the Ranch, pumping the water from <br />one of the five ponds on the Ranch. The water to the pond is supplied by a spring and <br />water is diverted from Capital Creek by way of the water rights owned by The Lazy O <br />Ranch. <br />PROJECT SPONSOR <br />The Lazy O Ranch Homeowners' Association is a non-profit homeowners association <br />registered in the State of Colorado. There are 22 members of the Association; outside of <br />the 100 acres dedicated to the development of the home sites, each member owns an <br />equal share of the entire Ranch to include the 500 acres of agricultural land and the 900 <br />acres of dedicated wildlife preservation. The Board of Directors of the Lazy O Ranch <br />Homeowners' Association has the right to levy and collect assessments for the <br />maintenance of the Ranch, to include any special assessments. A budget is presented to <br />the membership each calendar year for approval. With a majority vote, the approved <br />budget is implemented and assessments are collected from each member. The articles of <br />� incorporation and by-laws for the Lazy O Ranch Homeowners' Association are included <br />in Appendix A. <br />Lazy O Ranch Homeowners' Association, Inc. Page 6 of 10 <br />September 2006 <br />