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<br />, <br /> <br />SECTION IV <br />EXISTING AND POTENTIAL LAND DEVELOPMENT <br /> <br />EXISTING DEVELOPMENT <br /> <br />Areas of existing and potential development in the Town of Basalt <br /> <br /> <br />are shown on Drawing No.1. The present Town area is 235 <br /> <br /> <br />acres, and the estimated population is 900. The Basalt water <br /> <br /> <br />system serves the entire Town plus a number of homes east of Basalt <br /> <br />along the Fryingpan River. The estimated population presently served <br /> <br />by the Basalt water system is 1,000 people. <br /> <br />. <br /> <br />. <br /> <br />ULTIMATE DEVELOPMENT <br />The projections of ultimate development area and population for Basalt <br /> <br /> <br />were developed with the guidance of the Mayor, the Town Council, and <br /> <br /> <br />Jerry Brown, the Eagle County Planner, and set forth in the "Water <br /> <br /> <br />System Master Plan for the Town of Basalt, Eagle County, Colorado," <br /> <br /> <br />prepared by Wright-McLaughlin Engineers in April, 1973. The Basalt <br /> <br /> <br />development study area, as agreed upon, is also shown on Drawing #1. <br /> <br />The geographic boundaries of this development area are the Roaring <br /> <br /> <br />Fork River on the southwest, the contour line at elevation 7,000 on <br /> <br /> <br />the north and east, and a line on the west extending north from the <br /> <br /> <br />Roaring Fork River to elevation 7,000 and passing through the power <br /> <br /> <br />substation. These boundaries are based on the following facts: <br /> <br />~~, <br /> <br />. <br />