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The specific water rights to be purchased are: <br />Rural & Godding Ditch rights $3,100,000 <br />Lupton Meadows Ditch rights $2,000,000 <br />Farmers Independent Ditch rights $2,000,000 <br />Weldon Valley Ditch rights 5 100 000 <br />TOTAL $12,200,000 <br />Rural Ditch shares yield, on average, approximately 74 acre-feet per share. The Godding Ditch <br />yield is approximately 27 acre-feet per share. The Farmer's Independent Ditch yields <br />approximately 18 acre-feet per share. Weldon Valley Ditch provides about 51 acre-feet per <br />share of water. <br />The cost of water rights is approximately $3,000/acre-foot of consumptive use. Appropriate <br />dryup would be obtained from the areas historically irrigated with purchased shares of water. <br />This is an ongoing practice of Central to ensure that Court approval is obtained through change- <br />of-use cases to change the use of the shares from irrigation to augmentation. <br />Conclusions <br />The Board of Directors of the Well Augmentation Subdistrict of the Central Colorado Water <br />Conservancy District has determined that an expenditure of at least $22.2 million is vital for the <br />long-term economic security of inembers of the Subdistrict. <br />7 <br />