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<br />. <br /> <br />. <br /> <br />(1) Irrigation and flood control projects, for which <br />Colorado traditionally relied upon federal funding, are not <br />financially feasible absent governmental subsidies, and <br />even with governmental support irrigation projects may <br />still not be viable because farmers may not be able to <br />afford the necessary on-farm improvements to use the water <br />supply, <br />(2) Except for new municipal demands in the metropolitan <br />Front Range area, future new water uses are largely <br />indeterminate at this time and are therefore very difficult <br /> <br /> <br />to project. <br /> <br /> <br />(3) As a corollary to (2), storage projects built in <br /> <br /> <br />anticipation of yet-to-be-identified uses for new water <br /> <br /> <br />supplies run the risk, because of the great uncertainty of <br /> <br /> <br />not knowing where and when water will be needed in the <br /> <br /> <br />future, of being improperly located or to tying up scarce <br /> <br /> <br />financial resources earlier than may be desirable. <br /> <br /> <br />(4) At the same time, however, important potential <br /> <br /> <br />reservoir sites are being or could be lost to land <br /> <br /> <br />development, thus foreclosing their future use for water <br /> <br /> <br />storage projects. <br /> <br /> <br />(5) Colorado's compact entitlements are generally <br /> <br /> <br />measured, or use is established, in terms of beneficial <br /> <br /> <br />consumptive use, meaning that new storage projects in and <br /> <br /> <br />of themselves do not fully protect Colorado's entitlement <br /> <br />-6- <br />