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<br />~ <br /> <br />"I <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />AGUA - Water Rights Purchase/Recharge Project <br />September 22-24, 2003 <br /> <br />Agenda Item 5c <br /> <br />Year 2001 2002 2003 <br />AGUA March l' Amended March 1st Amended March 1st Amended <br />Replacement Plan Plan (Final) Plan Plan (Final) Plan Plan (May <br />Plan Submittal Submittal Submittal* 21)** <br />Ordered <br />Pumping 31,713 36,597 34,379 20,234 3,715 14,064 <br />(acre-feet) <br />Wellhead <br />Depletions 14,435 16,750 15,646 9,349 2,204 6,992 <br />(acre-feet) <br /> <br />* Ordered pumping was 30,880 AF with wellhead depletions of 14,000 AF <br />** Current amendment to further increase pumping is in process. <br /> <br />Feasibilitv Studies <br /> <br />AGUA, through its engineer Tetra Tech RMC, has completed a feasibility study in accordance with <br />CWCB guidelines. The feasibility study includes an analysis of alternatives for the purchase of <br />water rights to be used for augmentation, and provides a recommendation regarding the subject <br />water rights in relation to other potential sources. <br /> <br />AGUA <br /> <br />AGUA is a perpetual Colorado non-profit corporation incorporated by well owners in January 1995, <br />for the purpose of including their well pumping in an Arkansas River Replacement Plan, to replace <br />the depletions to the alluvial and surficial aquifers in the Arkansas River Basin. Each member is <br />entitled to one vote per well. AGUA's Board of Directors are authorized to conduct the business <br />affairs of the organization, including determining the necessity for and the extent of incurring any <br />debt. For 2003, the Board of Directors consists of eight persons: seven AGUA Board members and <br />one MAGUA representative. In addition, AGUA employs one full time manager, who is not a director <br />or member of AGUA, to conduct the day-to-day business of the association as directed by the Board, <br />AGUA members do not own shares of stock; however, in the event of dissolution AGUA's assets <br />would be distributed to the members based on the percentage their "asset account" bears to the total <br />of all member asset accounts, This arrangement provides members with an incentive to stay in <br />AGUA, as they are building an asset over time, AGUA's current officers and manager are identified <br />below: <br />President <br />Vice-President <br /> <br />Dick Evans <br />Tom Dines <br /> <br />Secretary / Treasurer <br />Manager <br /> <br />Cliff Walter <br />Brenda Fillmore <br /> <br />Revenues/Fees - AGUA has two main sources of revenue: fees charged to the membership for each <br />well included in the Plan, and water charges for each acre-foot of depletion generated by the <br />member well. The basic fees (excluding incidental fees such as new member setup, testing fees, <br />etc.) for 2003 are: <br />a) Active Wells - <br /> <br />$290 per well <br /> <br />Breakdown: <br />$144 Administration Fee <br />$ 46 Loan Reserve Fee <br />$ 30 Well Re-Testing Fee <br />i..lQ.. Engineering <br />$290 Total <br /> <br />Page 3 of9 <br />