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<br />MOSES, WITTEMYEFt, HARRISON AND WOODRUF'F', P. C.
<br />
<br />Rod Kuharich
<br />Harold D, Simpson
<br />August 8, 2002
<br />Page 2
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<br />water because of the current need to enhance our augmentation sources in this dry year. In the end
<br />the bargain was struck that LA WMA would acquire all of the approximately 1960 acre-feet that
<br />Mr, Helfrich had in the account but would agree to apply a portion of it first to the extension of
<br />Helfrich's pumping by 500 acre.feel. The balance of the water, approximately 1300 acre-feet, would
<br />be acquired at $40 an acre-foot or $52,000. As it turned out, LAWMA agreed to acqlUrc all of the
<br />Sisson account water, whatever the exact amount is, to cover Helfrich pumping by an additional
<br />500 acre-feet, which would require something less than 600 acre-feet of gross account water, and to
<br />pay a flat amount 01'$52,000 for the balance, Thus, the rounding errors were negotiated in favor of
<br />LA WMA.
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<br />I spoke to Hal about this acquisition last week as the evcnts were unfolding and I
<br />understand that Hal spoke to Rod about it at the time, Hal then called back and cleared LL' to go
<br />forward, As you can see from the bill of sale, tbat was completed on August 7,
<br />
<br />LA WMA would still desire to acquire some additional Article II sources if the
<br />opportunity should arise, As you know, we have made an otTer, with your concurrence, to the
<br />Buffalo Ditch to acquire 3000 acre-feet at $40 an acre.foot. So far the Buffalo has indicated that it
<br />is not willing to proceed on that sale and has counter-offered at $50 an acre-foot. We have advised
<br />them, and 1 believe Hal has also spoken to some of the Board members, that in the state-wide scheme
<br />of things, we simply cannot go to the $50 price because there arc numerous other drought-related
<br />priorities facing the State at lhis time. We have indicated, however, that our offer would remain open
<br />for at least a portion of that 3000, If LA WMA does get thc opportunity to acquire it, it would like
<br />to do so,
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<br />We greatly appreciate your assistance in this matter. If you need further infonnation
<br />from me, please contact me,
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<br />Very truly,
<br />
<br />MOSES, WITTEMYER, HARRISON AND
<br />WOODRUFF, P,C,
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<br />BYJtt4
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<br />Davl 1. rlson
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<br />DLHlrlo
<br />Enclosurc
<br />cc(wlo enc,): Donald F, Higbee
<br />Duane D, Helton
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