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<br />Condensed Summary <br />IID/SDCWA Water Partnership <br /> <br />Overview: <br />On December II, 1997, the Imperial Irrigation District (lID) and the San Diego <br />County Water Authority (the Authority) released a historic agreement that will allow <br />conserved agricultural water from Imperial Valley to be transferred to the urban San <br />Diego area. Below is a very brief outline of the terms of that agreement. <br /> <br />OUANTITY <br />. Maximum transfer 200,000 acre-feet/year <br />. Minimum transfer 130,000 acre-feet//year <br />. 20,000 acre-feet/year ramp up <br />. 100,000 acre-feet additional at lID discretion <br /> <br />TERM <br /> <br />. Initial term 45 years <br />. 30 year extension by either party <br />. 34,000 acre-feet returned to lID at end of initial term if needed for <br />M & I use. <br /> <br />PRICE <br />. MWD untreated water rate plus other MWD rates & charges minus <br />cost of wheeling times a declining discount starting at 25% <br />. Shortage Premium - Based on shortage conditions declared by <br />Authority, State of California, or the Secretary of the Interior. <br />. Price can be redetermined when a water market is mature enough <br />to establish a new price <br />SHORTAGE SHARING <br />. lID & SDCW A share the shortage on a pro rata basis <br />CONTINGENCIES <br />. Satisfy environmental compliance and mitigation <br />. IV Farmers participation at least 130,000 acre-feet <br />. Approvals by the proper federal and state authorities <br />. Agreement between MWD and Authority on wheeling of water <br />through the Colorado River Aqueduct <br /> <br />BENEFITS <br /> <br />. For San Diego -Reliable water supply at a competitive, more <br />predictable rate <br />. For Imperial Valley - Protection of water rights, affordable water <br />conservation, economic boost <br />. For California - Helps resolve potential contentious disagreements <br />with other Colorado Basin States through the 4.4 Plan. <br /> <br />1500 <br />