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3446 ALTERNATIVES TO WATER TRANSFER The process of alternative development is presented in Figure 2. The process begins with identifying probable alternative uses for Fort Lyon water. The traditional strategy for changing any of these variables is the sale and permanent transfer of the water and dry-up of irrigated farms. This path is irrevocable. Another strategy is the temporary transfer, herein referred to as a "lease" of water by the water right owner for one season at a time. The shareholders can adopt one or more "mechanisms," i.e., administrative methods, to accomplish their objectives. Using this logic of alternative development, concepts are integrated into workable alternative descriptions. The "mechanisms" of change are: . water banking, where Fort Lyon water is leased to another user while the shareholders' lands are fallowed . first-use agreements, where Fort Lyon water is first diverted and used by others, then reused in the Fort Lyon system . water option leases (also called interruptible supply contracts), where Fort Lyon water is used by others in dry years while Fort Lyon land is fallowed . internal system improvements, to salvage water and make it available to other users, possibly for alternative uses. The possible alternatives for the Fort Lyon Canal Company for either outright sale or temporary lease are: 1. Internal transfers within the Fort Lyon Canal Company among shareholders, through changes in FLCC bylaws. 2. Transfer to new uses in the valley, permanent or temporary, e.g., through a local water bank. 3. Temporary transfer to new uses outside the valley, e.g. by water banking or dry- year water option contracts, to water suppliers in the Denver Metro Area. Other possible alternatives are: 4. Acceptance of an offer, such as the CWS offer to sell and transfer of as much as 51 percent of the water outside the valley. 5. Adopting the "status quo;" that is, no alternative to out-of-basin transfer of Fort Lyon water may be implemented.