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<br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />7. A total of 46.2 additional shares of stock are owned by various individuals or <br />entities that are not associated with the ditch companies listed above. <br /> <br />Service Area <br /> <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 />The approximate limits of the area served by the Jackson Lake Reservoir and <br />Irrigation Company are shown on Figure 1. A majority of the water from Jackson Lake <br />Reservoir is distributed by the seven ditch or irrigation companies listed in the previous <br />section. The shaded area on the map highlights the area irrigated from Jackson Lake <br />Reservoir through the various ditch systems. The total area that lies under the ditch <br />systems is far in excess of the 17,000 acres that are considered as irrigated under <br />Jackson Lake Reservoir. The exact acreage served by Jackson lake Reservoir water is <br />not readily determined since these irrigation systems obtain water from other reservoirs <br />and/or from direct flow decrees as well, and Jackson Lake Reservoir water provides <br />only a portion of their total irrigation water supply. Reservoir water is, also used in <br />replacement of depletions to the South Platte River associated with the pumping of <br />wells. <br /> <br />History of Oraanization <br /> <br />The Jackson lake Reservoir and Irrigation Company was incorporated on April <br />11, 1905 to purchase Jackson Lake Reservoir, its inlet and outlet ditches, and various <br />other assets from the South Platte Land, Reservoir, and Irrigation Company. The <br />Company was incorporated for a term of 20 years, which was amended on February <br />14, 1925 to exist in perpetuity. Initially 1,550 shares of stock were issued for <br />1,550,000,000 cubic-feet of water (35,583 acre-feet). <br /> <br />The Company has its office at 218 East Kiowa, Suite A, in Fort Morgan, <br />Colorado. It operates one storage reservoir and approximately 13 miles of inlet and <br />outlet ditches delivering water to its shareholders. <br /> <br />Financial Status <br /> <br />The Company has historically derived most of its revenue from shareholder <br /> <br /> <br />assessments, and water storage and recreation leases. Additional revenue is derived <br /> <br />4 <br />