Arkansas - LAVWCDRepurposingWaterforMultipleUses_Exhibit A & CTGG1 2015-3400 Contract

• Basin Roundtable: Arkansas
• Applicant: Lower Arkansas Valley Water Conservancy District
• Description: Phase II, Repurposing of Water Supply for Multiple Beneficial Use
• Account Source: Basin & Statewide
• Board Meeting Date: 3/18/2015
• Contract/PO #: CTGG1 2015-3400
• WSRA - Doc Type: Contract Documents

Exhibit A
Statement of Work
WATER ACTIVITY NAME — Phase II, Repurposing of Water Supply for Multiple Beneficial Use
GRANT RECIPIENT — Lower Arkansas Valley Water Conservancy District Water Enterprise
FUNDING SOURCE —$275,000 Statewide Account and $25,000 Arkansas Basin Account
($300,000 Total grant request)
GENERAL DESCRIPTION OF PROJECT
This water activity is a purchase of a total of 558 paired Colarado Canal and Lake Henry/Lake Meredith water
shares. The purchase has been divided into two phases. The first phase is the purchase of 408.6 paired shares,
funded with a Colorado Water Conservation Board Water Water Project Loan. Phase II, is the purchase of 149.4
paired Colorado Canal/Lake Henry shares. The shares are currently being used for industrial purposes within the
basin. The purchase of these shares by the District frees them up for a variety of beneficial uses, including
recreation and environment, agricultural, and municipal/industrial use. These shares represent 152.39 acre/feet
per year of average historical consumptive use. The water rights being purchased in both phases will be stored in
Lake Henry and Lake Meredith, providing environmental and recreational use. When needed, they will benefit
agriculture by being used for augmentation replacement water for Rule 10 and Rule 14 plans, as well as for
replacement water for lease/fallowing projects. After the Arkansas Valley Conduit is complete, they can be used
when water is short for the conduit, benefitting municipaUindustrial users.
OBJECTIVE
Purchase of shares in the Colorado Canal Company and Lake Henry Reservoir Company.
TASKS
Task 1— Share Purchase
This task encompasses a payment towards the purchase of 149.4 paired shares in the Colorado Canal Company
and Lake Henry Reservoir Company.
Methods/Procedures:
The applicant shall provide the CWCB with a copy of the purchase agreement far the 149.4 shares of stock.
Deliverables:
Written evidence that shares of stock were issued with Lower Arkansas Valley Water Conservancy District as
Equity Owner of the stock certificates.
REPORTING AND FINAL DELIVERABLE
Renorting: The applicant shall provide the CWCB a progress report every 6 months, beginning from the date of
the executed contract. The progress report shall describe the completion or partial completion of the tasks
identified in the statement of work including a description of any major issues that have occurred and any
corrective action taken to address these issues.