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The Wmdy Gap reservOIr covers approximately 106 acres olland and conlalns 320 aae-leer olll">,e storage capaClly Formation - Formation of the Subdistrict entailed getting petitions signed and submllled to the District Court. Five percent of the landowners within each of the cities and 25 percent 01 the owners of irngated land adjacent to the proposed boundaries were needed to sign the petitions before the issue could be considered by the District Court. A hearing was then held to deter. mine If the petitions were legal. Since there was no opposition voiced to the formation It was approved on July 6, 1970. by the presiding judge. Donald Carpenter. Upon approval. the Subdistrict became a political subdivision of the State of Colorado and a separate and independent conservancy district with the same powers and legal standing as the parent district. The Subdistnct was formed for the purpose of developing a new and independent water supply for the use of the Six Cities or their subsequent assignees. 6 The Board of Directors of the Subdlstnct IS. by statute. the same as the District. though the Subdistrict elects a different slate 01 officers than those chosen for the District. These two agenCIes are neadquartered In the same office in Loveland. and share many of the same staff and equipment. Benefits - CreallOn of the Subdls- tnct enabled work to begin on the development of the Windy Gap Project to bring the excess floodwaters from the Fraser River to the rapidly growing Front Range. After its formation. the Subdistrict negotiated a contract with the USSR and the NCWCD In order to use the existing C-8Tfacilities to transport and distnbute the water to the cIties on the eastern slope. This was essenliallythe first slep in the development 01 Windy Gap as the Project could not have been developed on an economIc basis Without relYing upon the use of the storage and transportation facilities that already eXisted. As for financing Windy Gap. the Subdistrict proved to be an extremely effective mechanism through which to secure bonding for the Project. Carriage Contract Immediately after the Subdistrict was established. discussions began between the USSR. the MuniCipal Subdistrict and the NCWCD on the proposed carriage contract. This contract permits the Subdistrict to use the excess diverSion and storage capacity Within the already existing C-ST Project system. The carnage contract. which generally specifies how Windy Gap water will be transferred to the eastern