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LOWER ARKANSAS WATER MANAGEMENT ASSOCIATION (LAWMA) <br />WATER RIGHTS PURCHASE - %z KEESEE DITCH <br />"No Photo Available" <br />Proiect Description <br />This project involved the purchase of the remaining %i of the Keesee Ditch Water Rights. The <br />purchase price for the water was $3,650,000. LAWMA's loan with CWCB towards the purchase <br />of the water was $2,493,722. The initial %z of the Keesee Water Rights was purchased by <br />LAWMA under a separate loan with CWCB in July of 2003. Purchasing the remaining '/2 of <br />Keesee Water Rights strengthens LAWMA's ability to replace water in dry years, given that Keesee <br />direct flow rights aze very senior water rights and can be stored in John Martin Reservoir Offset <br />Account. Additionally, the Keesee Ditch has an Article II Storage Account in John Martin <br />Reservoir, which allows for an additional source of replacement water that can be carried over from <br />wet years to dry yeazs. These factors greatly enhance LAWMA's ability to meet its Arkansas River <br />Compact obligations. <br />Proiect Data <br />Sponsor: LAWMA County: Bent, Powers Water Source: Arkansas River <br />Terms of Loan: $2,493,722@2.3% for 30-years Substantial Completion Date: May 1, 2008 <br />Design Engineer: Randy Hendrix, P.E. -Helton and Williamsen, P.C. -Englewood, CO <br />Water Attorney: Richazd Mehren -Moses, Whittemyer, Harrison & Woodruff - Boulder, CO <br />Water Purchased: %z of the following - No. 1 priority for 9 cfs appropriation date of March 31, <br />1871, and a Priority No. 4 for 4.5 cfs appropriation date of December 31, 1883. <br />Estimated Firm Yield - 1,221 Acre-feet <br />