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<br />..' <br /> <br />e <br /> <br />e <br /> <br />- <br /> <br />Table 3. Proposed LA WMA Water Rights Acquisitions, Yield <br /> <br />Item No. of Shares Average Yield <br /> (Ac-Ft per Year) <br />Highland Irrigation Co. 167+20 = 187 243 <br />Las Animas Consol. Canal Co. 8-1 = 7 154 <br />Amity Mutual Irrig. Co. 98 122 <br />Fort Bent Ditch Co. 100 74 <br />Total N/A 593 <br /> <br />LACC shares represent water rights more senior than either the Amity or Fort Bent shares. In <br />addition, since the Las Animas Canal diverts higher in the basin than the Amity and Fort Bent <br />ditches, the exchange opportunities are better with the LACC shares. LA WMA is proposing to <br />pay $675 per acre-foot of average annual consumptive use, which is essentially the same price <br />per acre-foot proposed for the Amity, Fort Bent and Highland acquisitions. <br /> <br />Recommendation <br /> <br />Staff recommends that the Board approve an amendment to Contract No. C153768 to allow the <br />purchase by LA WMA of any combination of shares in the Amity Mutual Irrigation Company, <br />the Fort Bent Ditch Company, the Highland Irrigation Company, and the Las Animas <br />Consolidated Canal Company up to the limit of funds available under the contract. All shares <br />purchased would be pledged as collateral for the loan with the exception of one share of the <br />LACC, which would be traded for Highland shares. <br /> <br />Attachments <br /> <br />Cc: Don Higbee, LA WMA <br />Duane Helton, Helton & Williamsen <br />Ronni Sperling, Moses, Witlemeyer, Harrison and Woodruff <br />Linda Bassi, AGO <br /> <br />3 <br />