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� <br />� <br />� <br />� <br />i <br />' <br />Mr. Alan Wickert <br />Mr. Gregory Timm <br />December 3, 2049 <br />Page 7 <br />acre-feet or less and the listed pr�ce is $80,040 per acre-foot. Discussion with Widler staff <br />indicated that there had been no recent sales of larger amounts of Vidler water <br />comparable to the 10 acre-feet. Under an umbrella augmentation plan, prices far small <br />amounts are typically much higher than for larger water rights purchases. Based upon <br />similar sales in the Denver Metro area, sales of small increments of augmentation water <br />can range up to as much as 2#0 3 times the sale price for larger water rights allotments. <br />This price includes the narmal economy of scale increase, plus a credit for atl or a <br />substantial pact of the engineering and legal costs af a separate augrnentation plan, and <br />standardized accounting and reporting_ The Vidler Tunnel Co. did not provide <br />informatian on what price they might sell a larger (l4 af} poRion of the TVidler rights, <br />independent af the umbrella plan. <br />Summit County Umbrella Augmentation Plan <br />� Summit Caunty offers small increments of augmentation water to individual hame <br />owners and small devetapments, similar ta the plan offered by the Vidler Tunnel Co. For <br />rnost uses, the price of avgmentation water is $30,000 per acre-£oot of consumptive use. <br />For inigation use, there is an increasing rate structure which ranges from $30,000 to a <br />, maximum of $90,OOQ per acre-foot depending on the landscape area.. This pricing is set <br />to discourage large landscaping uses. Na information was available for the source af <br />augmentatian water provided. As with the VidIer umbrella plan, unit prices for smatl <br />' increments of water will be higher than for Iarger arnounts. Without information on the <br />water rights used for augmentation, and with a pricing structure purposely set ta <br />discoarage outdoor water uses, this plan may have limited value as a comparison to the <br />� subject water rights, other than to bracket the range of water rights values for Summit <br />County. <br />� <br />Other Sales <br />There were other water rights sales thax, while not directly comparable to the subject <br />� rights, were also useful in helping to bracket the reasonable range of water values in the <br />generat market area centered in Summit County. <br />� These included an August, 2009 sale of ri�hts in the Columbine Ditch between the cities <br />of Puebto and Aurora. The Columbine Ditch is a transmountain diversion conveying <br />water from the ttearlvvaters of the Eagle River into the Arkansas River drainage near <br />� Tennessee Fass. The firm yield for this right is 1,336 acre-feet per year with a sale price <br />of �22,804 per acre-foot. <br />� <br />� <br />In addition, #here are general water rights values based upon cash-in-lieu of water rights <br />fees in Ea�le County in the range of $6,d00 per acre-foot for summer use and $19 �e� <br />acre-foat for winter use water, ptus a 20 percent safety factor in terms of the amount af <br />water to be required for a development project. <br />These water rights values for Eagle County and the Upper Arkansas River are not directly <br />comparable to water rights prices in Summit County above Dillon reservair. However, <br />because they involve similar high mountain drainages and resort development areas, they <br />LI, <br />