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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Chapter V - Analysis of Alternatives and Options <br /> <br />AGUA currently leases 100 percent of its augmentation replacement water. The lease agreements are <br />negotiated on a year-ta-year basis, and therefore are subject to the terms and conditions imposed by <br />the Lessors. Due to the future uncertainty of availability and prices of leased water, AGUA has <br />decided to begin purchasing water rights for use in its augmentation plan. It is AGUA's goal to <br />purchase 50 to 60 percent of its projected 8,933 acre-foot annual well depletion replacement <br />requirements in the next 25 to 30 years. AGUA will slowly phase-in the purchase of the water rights, <br />so as to minimize the incremental increases in cost to its members. <br /> <br />Six different water rights have been offered to AG UA for purchase at various locations on Fountain <br /> <br /> <br />Creek and the Arkansas River. These six water rights have been analyzed in this feasibility study for <br /> <br /> <br />consideration for meeting AGUA's augmentation requirements. The six water rights include: <br /> <br />Fountain Mutual Irrigation Company (177 shares), Fountain Creek; <br />Lock Ditch (% interest), Fountain Creek; <br />Liston and Love Ditch (% interest), Fountain Creek; <br />Robinson Ditch (100 percent interest), Fountain Creek; <br />Excelsior Ditch (1,007 shares), Ark,msas River; and <br />Keesee Ditch (100 percent interest), Arkansas River. <br /> <br />The headgate locations of the Fountain Mutual, Lock, Liston and Love, and Robinson ditches are <br />shown on Figure V-l. The Excelsior Ditch headgate location is shown in Figure V-2. <br /> <br />Discussions of each of these water rights can be fOIJnd in Chapter VI. <br /> <br />-12- <br />