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<br />~ <br /> <br />vl-g <br /> <br />! <br /> <br />RIVERSIDE MEADOWS WATER RIGHTS <br /> <br />The subdivision agreement between Basalt and SIemon, Mazza, & LaSalle, <br /> <br />developers of Riverside Meadows, states that the developer ".. .shall <br /> <br /> <br />convey to Basalt by quitclaim deed in a form approved by Basalt, all <br /> <br /> <br />of their irrigation water rights appurtenant to or used in connection <br /> <br /> <br />with the land embraced by the Final Plat of Riverside Meadows Addition <br /> <br /> <br />to the Town of Basalt, in particular, 24% of 1.74 cubic feet of water <br /> <br /> <br />per second of time under Priority No. 313, in the Fryingpan Ditch <br />No. 54 and all of the Developers' water rights in the L and A Ditch No. 225, <br />with Priority No. 333." <br /> <br />! <br /> <br />The rights in the L and A Ditch are those previously referred to as <br />being owned by Mr. Thomas Hubbard, amounting to one-third of 2.43 cfs, <br />or 0.81 cfs. With the acquisition of this right, Basalt will own all <br />of the decreed water rights In the L and A Ditch. <br /> <br />Basalt's present water rights position is not adequate to meet its <br /> <br />future "legal" water rights needs. The Town's legal counsel is <br /> <br />presently working on the following items in order to secure an adequate <br /> <br /> <br />"legal" water supply for Basalt. <br /> <br /> <br />1. Assure Basalt's continued use of Lucksinger Spring water through <br /> <br /> <br />purchase of the State's water rights on Lucksinger Creek. <br /> <br /> <br />2. Transfer of irrigation ditch rights presently owned by Thunder <br /> <br /> <br />River Realty to new points of diversion in the proposed municipal <br /> <br /> <br />well field in the alluvium of the Roaring Fork River. <br /> <br />! <br /> <br />. <br />