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<br />,. <br /> <br /> <br />. <br />. ; <br /> <br />STIPULATION <br /> <br />THIS STIPULATION is entered into as of thiszc,-fi"day of ~, 2000, by <br />and between the Colorado Water Conservation Board, whose address is 1313 Shennan Street, <br />Denver, Colorado 80203 ("CWCB"), and the Cripple Creek & Victor Gold Mining Company, <br />whose address is 5251DTC Parkway, Suite 700, Denver, Colorado 80111 ("CC&V"). <br /> <br />WfIEREAS, the CWCB has identified proposed instream flow ("ISF") amounts for <br />Fourmile Creek as listed in Exhibit A, attached hereto, and has stated its intention to claim an <br />appropriation date <if January 26,2000, for these amounts, except for 0.8 cfs on the High Creek <br />to Cripple Creek reach, for which the Board shall claim an appropriation date of September 26, <br />2000; and <br /> <br />. . WHEREAS, CC&V has'a direct interest'inthe CWeB's ISF proposal for Fourmile Creek <br />because' CC&Y. has filed ari:application with the Water Court to confirm its appropriative right <br />of exchange as described in the application in Case No. 98CW115, Water Division 2 (attached <br />hereto as Exhibit B), said exchange right havjng an appropriation date of September 18, 1998; ane!. <br /> <br />WHEREAS, CC& V intends to use its appropriative right of exchange to move senior water <br />rights up Fourmile Creek to various points of diversion as described in the application for Case <br />No. 98CW1l5,Water Division 2, for use at the Cresson Mine Project; and <br /> <br />WHEREAS, to protect its .appropriative right of exchange, CC&V has objected to the <br />CWCB's ISF proposal arguing that the amounts requested are too .high, that there is not enough <br />water in Fourmile Creek for the ISF proposal if .all senior water' rights (including CC&V's <br />appropriative right of exchange) are accounted for, and that the approprjatiori date for the ISF <br />. . . <br />proposal clinnofbe any earlier than the date the CWCBmakes the required statutory findings <br />specified in C.R.S. ~ 37-92-102(3); and <br /> <br />. . <br />WHEREAS, the CWeB does not intend to injure CC& V' sappropriative right of exchange, <br />including the right ofCC&V to use.that exchange right to move senior water rights up Fourmile <br />Creek as described in the application for Case No:98CW115, Water .Division 2. CC&V and the <br />CWCB., have worked together to develop terms and conditions that will allow CC&V's <br />appropriative right of exchange and the proposed ISF rights to coexist without .injury to any of <br />these "rights; and . <br /> <br />WHEREAS, on the basis of this Stipulation, CC&V is willing to. withdraw its objections <br />to CWCB's ISF proposal, as listed in Exhibit A. . <br /> <br /> <br />. . . <br />NOW, THEREFORE, in consideration of the abovNecited premises which the parties <br />acknowledge to be good and sufficient consideration for this Stipulation, the parties agree as <br />follows: <br /> <br />EXHlBll <br />i ^ <br />