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acknowledge that the effort required to develop the accounting process will be <br />substantial, and that in order to ensure its timely completion, the Operating <br />Committee may hire subcontractors to assist with such development. This <br />proposed accounting process will require the joint approval of DNR and <br />SPWRAP. <br />3. Other Property Interests <br />This MoA does not grant to either Party any interest in real property. Moreover, <br />nothing in this MoA shall be construed to limit either Party's right or ability to <br />acquire other real property rights in the future. <br />b. To the extent money raised by SPWRAP is used to acquire property rights or <br />construct facilities, whether directly or through PRRIP and whether within or <br />without the borders of Colorado, the ownership of, or reversionary interests in, <br />such property and facilities shall remain in SPWRAP to the extent permitted by or <br />consistent with the PRRIP. Specifically, but not by way of limitation, SPWRAP <br />may purchase, lease or appropriate water or water rights in its own name for <br />purposes of meeting Colorado Program obligations. Similarly, to the extent State <br />of Colorado money is used to acquire property rights or construct facilities, <br />whether directly or through PRRIP and whether within or without the borders of <br />Colorado, the ownership of, or reversionary interests in, such property and <br />facilities shall remain in Colorado to the extent permitted by or consistent with the <br />PRRIP. Specifically, but not by way of limitation, Colorado may purchase, lease <br />or appropriate water or water rights in its own name for purposes of meeting <br />Colorado Program obligations. Acquisition of property interests by Colorado and <br />SPWRAP jointly may occur in accordance with a separate Memorandum of <br />Agreement between the Parties. <br />4. Documentation of ESA Compliance Water users who require federal authorizations <br />for Water- Related Activities may choose to rely on the Colorado Program to achieve <br />any necessary ESA compliance, or they may choose to develop other measures <br />individually. Because this MoA contemplates that some of the costs of the Colorado <br />Program will be funded directly by SPWRAP, rather than as a general obligation of <br />Colorado, it is agreed that all water users who choose to rely on and directly benefit <br />from the Colorado Program should pay, through membership in SPWRAP, their fair <br />share of costs not funded by the legislature. The U.S. Fish & Wildlife Service and <br />federal permitting agencies will require as a condition of any federal approval that <br />applicants, who are relying on the Colorado Program for ESA compliance, fulfill the <br />responsibilities required of program participants in Colorado, which includes <br />participation in SPWRAP. To ensure that such membership is obtained and <br />maintained by water users relying on the Colorado Program, SPWRAP will provide <br />to USFWS each year a certification that the proponents of water related activities who <br />rely on the Colorado Program for ESA compliance are current members in good <br />standing of SPWRAP. <br />6 SPWRAP -DNR MoA 11 -14-06 <br />