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<br />, <br /> <br />'1.1' ,\, <br /> <br />BEST COpy <br /> <br />I'nlicct Yield <br /> <br />The firm annual yield of the Eagle Park Resen"oir Project \vill be obtained from a <br />number of sources. The first is the yield derived from a new water right for this <br />,- ., ....... ..... ' <br />storage facility coupled with subordination agreements. fAil app1icatio-n for a water <br />oilghtfor.,this Reservoir is currentiy....pending in Water Division No.5. Case No. <br />~40~A copy of this application is attached as Exhibit E. <br /> <br />f <br /> <br />Subordination Of other comparabh: agreements .:lee in th~ process of being <br />negotiated with Dcn\l.:r. Colorado Springs and the Colorado Ri\'cr \\',:l.tcr <br />COnStT\3iion District. :\n agn..'cmcnt \\hieh subordinates Dc-mer's Eagk.Colnr:ldl) <br />Project (0 Eagk Park Rl."scnoir has bCL'n linalizcd and is attadlcd hacto as <br />Exhibit 1. Abo. lhe Ri\'cr Di"trict bt1ard \ ot~d at its Jul; meeting 10 a1l0\\ thL' <br />dCi:n:cs for its RL'd Cliff(iron ~ll1Unlain) and \\'okou RC::>L'r\oir Proje((S to be <br />used to enhanci." and firm up the: idd of Eagle Park Reser.oir. :\ fl)rmal \\fitti."11 <br />;:tgreefllcnt b('!\\-ei."n thL' loan iJpplicants and the Ri\i."r Distri~l is being linaliz('d. <br />While no ;:tgn:cm('11I has b\.'cn rl.'ached \\ith Co!oradll Springs. di::>cllssions \\ ith <br />ColorJ.do Springs an: ongoing. <br /> <br />The second source of project yield will be the exchange of senior consumptive use I <br />credits owned by the Authority, Consolidated District and Vail Associates. The <br />hisloric ust' olthesc scnior \\'I1I1:r rights ha.>' prc\ iou51: b\.'Cfl quantitkd in \'arioLls <br />.:lugmenl.:ltion plans and i:hange casL'S and \\ ill be e'\changcd to Eagk' Park <br />Reser\'oir. <br /> <br />Similarly. these three entities have existing Green Mountain Reservoir contracts <br />that can be us~d to linn up the yield of Eagle Park Reservoir bj-;-"exchange. Vail <br />Asso..:ialQ also O....J1;) sno\'o-'making remrtl.flo\v credits \\_~.h.ich are ,in th; pr~ss of <br />being quantitied. and will be exchanged to Eagle Park Reservoir1 <br /> <br />A fourth source of water for E.1gle Park Reservoir is the Arkansas \\' ell and <br />Arkansas River exchanges. As mentioned above, Vail Associates currently owns <br />the first 500 acre feet oflhe Arkansas WelL <br /> <br />The \\~1ter right:', application for Eagk Park RC5er\ oir includcs di\ ersioll.>' from <br />Tcn \1ik Crl.'\.'k as \\('][ '-I:' di\efSi,HlS from th\.' Eag!t' Ri\ ,:r ba~in. The fa(ilili~~ 1l1r <br />tlh: int1..'r":L'rto,:, tribllt.:lr~ 10 Ten \tik Creck ha\r;.' alr.:ad: been p,:rmiued b~ <br />:-;ummit C(1unt: in (\1r.nr;.'.:lilHl \\ith the Clinwn RC:'1..'f\0ir trJnsa...:tion. <br /> <br />Finally, additional yield can pe ootllined fn"'m Ihe u"e ('If certain seninr water rights <br />owned by Cyprus Climax and historically used in connection with the Climax <br /> <br />,"<l' <br /> <br />, <br />