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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 />Consequently, it was necessary for this study to estimate the extent of and <br /> <br /> <br />location of development for each scenario in order to forecast the specific <br /> <br />water rights in which the City would gain ownership. <br /> <br />Naturally, projections of this nature are subject to highly variable and <br />unforseeable factors. It is assumed that development will provide <br />additional City supplies through either transfer of shares in ditch company <br />rights and/or cash payments which may be used to purchase additional <br />supplies. <br /> <br />The projected water rights acquisitions should reflect an appropriate <br />increase in City supplies even though actual ownership in any given ditch <br />company may prove to be higher or lower than that projected. <br /> <br />In addition to ditch company shares that will be acquired over time, the <br />City will also accept additional CBT units and cash payments in place of <br />water rights. The city presently uses cash payments to service debts <br />incurred through its purchase of its Vindy Gap Units, thus, the cash <br />payments were not considered as available for increase water supply. The <br />City also anticipates increased ownership in Seven Lakes, Lake Loveland, <br />and Greeley-Loveland Company storage water. The projected acquisition of <br />water for each growth scenario is presented in Table 7-3. These increased <br />supplies were reflected in the yield evaluations carried out in Tasks 7 <br />and 8. <br /> <br />7-5 <br />