PROJ00480

• Contract/PO #: C150015
• Contractor Name: Highland Ditch Company
• Contract Type: Loan
• Water District: 5
• County: Boulder
• Bill Number: HB 98-1189
• Loan Projects - Doc Type: Feasibility Study

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RULES AND REGULATIONS
OF
THE HIGHLAND DITCH COMPANY

ARTICLE I

INTRODUCTION

1,1 AUTHORITY

These rules and regulations are adopted by the Board of Trustees ("Trustees") of
the Highland Ditch Company ("Company"). These rules and regulations applied only to
the Highland Ditch Company and do not include the laterals which receive Highland Ditch
water. It is the responsibility of the Company's employees to deliver water to the main
headgates of laterals. Each lateral is responsible for rules and regulations regarding
delivery of water beyond the main headgate,

1,2 CONFLICT

Any Conflict between these rules and regulations and the Articles of Incorporation
or the By-Laws of the Company shall be resolved in favor of the Articles of Incorporation
or the By-Laws,

ARTICLE II

WATER RIGHTS AND ASSETS OF THE COMPANY

2,1 The Company owns direct flow water rights as follows: (1) a November 30,
1871 priority for 205.46 cubic feet per second (cfs); (2) a June 1, 1878 priority for 23,57
cfs; and (3) a September 20, 1902 priority for 95 cfs, The amount of water that the ditch
is entitled to is measured in cfs, or how many cubic feet of water will pass a given spot in
one seCond, The number of cfs when doubled, converts to acre feet (aJ,) or the amount
of water needed to cover one acre of ground one foot deep with water, The number of
acre feet divided by 20 equals the number of inches.

2,2 The Company owns Highland Reservoir #1, Highland Reservoir #2, Highland
Reservoir #3, Foothills Reservoir, Mcintosh Reservoir, 49% of Beaver Park Reservoir and
associated ditches, canals and other improvements. The use of the water in the reservoirs
(not including surface rights) and ditch belongs exclusively to the shareholders,

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