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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 />Norwood has proposed to sell taps ony if they are <br />accompanied by a water share. Each tap purchaser <br />would receive a credit of $2000 per tap for the water <br />share. This assures that the Town will have adequate <br />water and places a ceiling on water share costs. <br /> <br />An alternative to purchasing a large number of shares <br />to meet drought year needs is to make a lease <br />arrangement with irrigators who own shares. During <br />dry years, Norwood would lease water which otherwise <br />would be used to irrigate crops; the cost of the <br />lease could be equivalent to the value of the lost <br />crops. Since many irrigators need a reliable hay <br />supply, one system may be for Norwood to purchase hay <br />from outside the area in exchange for water. Another <br />approach is to have two classes of shares, with <br />municipal shares having a higher assessment, but a <br />guaranteed supply. <br /> <br />IV-29 <br />