C150312 feas study - Laserfiche WebLink

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, ' Denver acting by and through its Board of Water Commissioners and Swan's Nest Metropolitan District (°'the District'), ' together with any and all rights (decreed or otherwise) appurtenant to the foregoing ' and all rights (decreed or otherwise) held by the Grantor under decrees of the Water Court in Case Nos. 84CW716 and 87CW216. The consumptive water right and the Dillon Storage Water were acquired by lSwan's Nest Metropolitan DistrictJ from Vidler Tunnel Water Co. by General Warranty Deed recorded in Summit County on September 12, 1987 under Reception No. 342034 and by Quitclaim Deed �and Assignment] recorded in Summit County on September 12, 1987 under Reception No. 342033. * All but the bold italicized portion of the description comes from the Quitclaim Deed and Assignment from Swan's Nest Metropolitan District to Southwest Federal Savings Association dated August 15, 1992 and recorded on September 10, 1992 in the Office of the Summit County Recorder at Reception No. 428266. District Offer to Greg Timm is included in Exhibit F Adequacy of Rights to Meet Existing District Need The subject water rights are more than adequate to meet SNMD needs both now and in the future. We are 98% maximum build out and the 6 SFEs reserved for Parcel A will most likely never occur. The 3 SFEs in Swan River Ranch will occur but the 3 in Swan's Nest are also unlikely. The subject rights have about 3.0 acre feet of consumptive use water that is still available for the District. This occurred because density in old Parcel G, which had been in the district, had 28 SFE for employee housing. That parcel was given to the County for open space allocation. It is no longer in the district. The currently available consumptive use water will likely be used for additional irrigation within the District or, depending on negotiations with Tiger Run, for irrigation use in the RV Park. Water Rights Appraisal The water rights described above were analyzed to estimate their value and confirm the � basics for settlement. The value of a water right can be examined using various approaches, including alternative cost method, comparable sale method and others. ' Generally, the value of a water right depends primarily on the historic consumptive use of the water right, which is that amount of water that has been beneficially used and can be changed to other uses. Many other factors affect water right va�ues, such as the ' location, reliability (seniority), season of use, market conditions (eg. Availability of other sources), and proposed future use of the right. � iC� �I'