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<br />t8C8 . <br />diversions, or by releases from the water bank storage account in Pueblo Reservoir, A deferred <br />diversion is the portion of the headgate flow which would normally be allotted to participating <br />shares. This flow is accounted for separately and used to satisfy delivery contracts, return flow <br />obligations or credited to a water bank account in Adobe Creek Reservoir. Figure 7,1 shows the <br />main operational elements of the water bank. The quantities of water in Figure 7,1 correspond to <br />an example further described in Section 7.5; 5,000 af would be delivered to renters at various <br />locations on the river, about 2,200 is lost in the 12 month operating year and approximately 200 af <br />is held for storage evaporation obligation in the two succeeding years. <br /> <br />During the spring and summer participating share water in excess of the water bank's requirements <br />would be exchanged to the water bank storage account in Adobe Creek Reservoir. A contract <br />between the. FLCC and the FL WB would probably be necessary so that the water bank can utilize <br />storage space in Adobe Creek Reservoir. Exchanges would continue under this contract until all <br />participating shares have diverted their full legal entitlement, <br /> <br />FLCC diversions generally commence at the storage headgate under the winter water storage <br />program (Colorado District Court 1984) on November 15th. During the winter, water bank actions <br />would consist of a) releases from the storage headgate to meet downstream requirements with <br />offsetting debits to the Adobe Creek Reservoir account, b) exchanges upstream to meet upstream <br />deliveries, c) exchanges of water bank water that was stored the previous summer in the water bank <br />account in Adobe Creek Reservoir to the water bank account in Pueblo Reservoir. <br /> <br />Exchanges would be executed by the water bank and the FLCC based upon conditions on the river, <br />the amount of water in storage accounts, and the schedule of required deliveries to renters, Return <br />flow obligations would be met out of deferred diversions and storage releases very similar to the <br />scheduled deliveries. The water bank will be responsible to the State Engineer's Office to provide <br />a plan that details these obligations as well as an assurance that protection against expanded use <br />through a land fallowing program is adequately monitored, Each of the elements mentioned above <br />is covered in more detail in the following sections. <br /> <br />7.3 Water Bank Ooeratinl! Principles <br /> <br />The primary purpose of the water bank is to manage FLCC water for increased benefits to all <br />shareholders. Guiding principles are needed to assure that all interests are protected, The water <br />bank should assure all concerned that: <br /> <br />. It will acquire water fairly, <br />. It will rent water fairly. <br />. It will protect FLCC shareholders from injury. <br />. It will protect other water users on the river from injury, <br />. It will protect the natural environment from serious effects, <br />. It will not violate the provisions of the Arkansas River Compact. <br /> <br />7-3 <br />