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for a solution that works has been universally acknowledged, however, and we seek in good faith to find such a solution. We hope that this alternative will be received in the same good faith. IT. ELEMENTS AND APPLICATION OF THE ARCC ALTERNATIVE . . This section of the ARCC proposal sets out, and gives concrete examples ot; the primary elements of the ARCC alternative. In addition, it identifies some of the conditions of and benefits accruing from the proposal, and evaluates the cost of two different water acquisition scenarios. 1. Legacy Fund for Land and Water Acquisition This alternative envisions the creation of a dedicated fund or funds for acquisition by the Tribes, at their sole discretion, of water rights and land from willing sellers within and in the vicinity of the Southern Ute and Ute Mountain Ute reservations. This idea was originally proposed by the Southern Ute Grassroots Organization, and it is a feasible, market-oriented means of providing "wet water" to the two Tribes, on reservation lands. It also envisions the purchase or lease of water in existing projects and use of existing or expanded delivery systems. Purchases would be spread out over a thirty year period, in order to allow willing sellers to be identified, and prevent any disruption of local markets. Because purchases would be made over an extended period, appropriate provision for investment of the principal of the fund in order to cover costs would be necessary. The Fund would be created by the federal government and the State of Colorado, in appropriate shares, out of future legislative appropriations and funds presently earmarked for project purposes. An wtial appraisal of actual land and water sales in the areas of the Southem Ute and Ute Mountain Ute reservations was conducted in order to evaluate the feasibility of this proposal. This appraisal indicated that the actual sales price of irrigated cropland ranged from a low of $950 per 3