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' <br />� <br />, <br />' <br />, <br />, <br />' <br />� <br />� <br />' <br />� <br />' <br />� <br />' <br />' <br />' <br />' <br />, <br />Blatchley A.ssociates, Inc. <br />P� �ox 2'1567 <br />Denver, CO 8022? <br />303 989 6932 <br />�Vlay 3, 20I0 <br />Mr. Richard Toussaint <br />Toussaint Nerr�ex & Coaty <br />32065 C�stle Ct., Se�ite 15(� <br />Evergreen, CO 80439 <br />Re: Valuation af the Stttgestap Owners Assoeiation water ri�hts <br />Dear Richard: <br />Per yaur l�tter o� April 7, 2Q 1 Q, you l�ave requested that I pravide a valuat�on of the waler <br />ri�t of Stagestop Owners Association. I3ocuments provided are thc Orx�in.al Adjudication of <br />the Cxosie�r Ditch dated Oc.tober 18; 1889, with an approPiiatian date af May 1, 186G and the <br />Plan �or Augmentation in the Water Division 1, Water Coiu�t Case No. W-8108 (7S). No <br />inFormation was pro�idc�i on the resexvoirs invc�lved 'vn the Plan but I assame that they presently <br />h�ld water but are in need of repaar. <br />In Case No. W-8148 %t �vas ptnposed and decreed that if the laiid historica�lly ixrigatcd by <br />the Cxosier Ditch (20 Acres) were removed :from irrigation that there would be 24 acz�feet of <br />consurap�ive use water per year avai�lable �ox other uses. �t was fiu�ther proposed ancl decreed that <br />the Stagestep Subdivision would have 20 si,n,gle-family lvts with xn-house use and the irrigati�n <br />a f�,p ��,q00 sqUat'e feet of turf and 480 single-fami�y �•esidentiai lots with in-house water uses <br />only, 'T�ai,s arirangement wouid require Ib.6 acre-f�et (a� of consutaaptive use water of which 7.5 <br />af would be needed during the irx'igation season froui May 1 through September 30 a�id 9.1 �e£ for <br />tlie balance or I;he year. To satisfy the xi�n-ixrigation season the water. wvould have to be si:�red <br />during the irrigataon seasan and then released dwr�ng the non-i�igation season.. It wgs proposed <br />and decreed that a reservair waUld be consfructed with 2.4 surface acres and a c�p�.c;ity of 12.5 <br />af. The evaporation from th� sur�ace of the,resexvoir was ca?cl�lated to be 3.� acre-feet per year. <br />Based on tl�ese ass�nptions t.�.e Stagestop Subdivisxon needs to have a reliable source of 20.0 af <br />of consuniptive use water. � <br />pf i:he needed 20.0 a�` of consux�nptive use watcr needed for Stagestop Subdivision, 10.9 <br />af will be required during the irrigation sea.son of �Vlay thxough September and 9.1 af will he <br />required to be stoz in the reservoir for releASe during the balance of the year. Rased on an <br />average replacement value the cast would be $873,000 wzth fibc direct flo�x� �'Tghts costing <br />$30,000 per a�and storage water costing CO,a00 per af as show�n below. <br />' <br />