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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 II - Description of Sponsoring Entity <br /> <br />The Left Hand Ditch Company (the Company) was formed on February 27, 1866 when the <br />all of the owners of water rights on Left Hand Creek formed a mutual ditch company for the purpose <br />of making a diversion from South St. Vrain Creek to the Left Hand Creek basin. The individual <br />water rights of the various persons forming tbe company were transferred to the Company for <br />distribution under a mutual ditch company system. The Company is made up of approximately 400 <br />shareholders owning 16,647 shares of stock issued out of 16,800 shares outstanding. The Company <br />service area is roughly located along Left Hand Creek from the foothills of the Front Range to <br />Niwot, Colorado. A map showing the service area is attached as Figure II-I and Figure II-2 shows <br />a schematic diagram of the Company's ditches <II1d reservoirs. <br /> <br />The Company owns the 33 most senior direct flow rights on Left Hand Creek totalling <br />294.58 cfs and effectively controlling the entire flow of Left Hand Creek. The Company also owns <br />two direct flow priorities out of South St. Vrain Creek totalling 726 cfs. This was the first <br />transbasin diversion in Colorado and led to the court case of Coffin vs. Left Hand Ditch Company, <br />one of the most important cases in Colorado water law. Water diverted from South St. Vrain Creek <br />represents a m~ority of the total supply of the Left Hand Ditch Company. To regulate its flows and <br />to provide a supply during times of diminished streamflow the Company owns five reservoirs <br />including Left Hand Valley Reservoir, the largest and most important in the system. Table II-I lists <br />the direct flow and storage assets of the Compat1Y. <br /> <br />2 <br />