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<br />. <br /> <br />. <br /> <br />. <br /> <br />DRAFT <br /> <br />1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br /> <br />from the other8. But if it's a property right, and we want to keep agricultural water <br />available for agriculture, how can you do tbat given that the agricultural situation is pretty <br />sad today? When you try to establish something, recognize the free market system and <br />don't destroy it or cause a taking, or stop commerce. The attitude in Colorado is starting <br />to change a bit. The Anti-Storage attitude is not as strong as when we were dealing with <br />Two Forks, People should step forward and put up their own money. Had a bill in once, <br />where the use couldn't change, would be that use forever. Didn't get it through. The <br />Nature Conservancy has figured out how to work within the system and so can others. <br />New people don't understand our water law system, it's a great system. Let Hal enforce <br />2 key components: no waste, and no injury. Its not an easy job, but I think it's a mistake <br />to think you can suddenly put in a hard lins, taking away somebody's property right, <br />there would be lots of litigation, and there it goes. I'm concemsd about recent legislation <br />along that line, <br /> <br />Harold Miskel- any questions or comments? <br /> <br />Ray Wright - in mentioning the free market, ,.. what do we do when the cost of <br />developing unused compact entitlements is so great and would be more complicated than <br />just drying up some agricultural land? Where does the will in the market place come <br />from to do tllat? <br /> <br />Fred Anderson - When I sat on the Board, you could count all the costs of developing a <br />piece of property, and that cost wouldn't go past $2,000 acre foot (CBT), All a sudden <br />the in-lieu fee kept changing, started at $1600 and went up to $12,500 or $14,000 a unit <br />in a 8 month period, Hard to determine at what point the cost gets out of proportion. <br />Today, the environmental requirements are incredible, Those things are going to happen <br />and nothing is going to preclude it. I feel there has to be some sort of economic value <br />given to the area, and basin of origin protection. But to come in and say this can or can't <br />take place and that can or can't transfer, that creates something false and in the process <br />you're taking a property right, and I hate to see that happen. <br /> <br />Don Schwindt - The advice you gave your sons, I heard it too, but I discounted it, and <br />I'm glad I did, I can't let the afternoon go without countering what I heard. <br /> <br />Fred Anderson - I just do not want to see property rights devalued. <br /> <br />Don Schwindt- That is a little too black and white. We can't just say keep the waterin <br />the Basin or Agriculture, But to paint the property right thing as black and white. Don't <br />you think you painted it too black and white? <br /> <br />Fred Anderson - When I'm looking for a return on my money, it is like if! place what is <br />considered a futile call, I'd still rather have part of a futile call. Anytime you devalue <br />what I have in a free market that's a taking, Whatever the fair market is, if you remove it, <br />then you're taking something from someone who is ready to sell out, and I was and I did. <br />Anyone in that situation should be able to take advantage of that opportunity without the <br />Government saying you can't. I'm proud the Farm Bureau is ready to oppose the Farm <br /> <br />7 <br />