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VALUATION OF SELECTED HENDERSON MILL WATER RIGHTS <br /> November 2019 <br /> 5.0 SUMMARY <br /> Based on review of the Incidental Water Rights, analyses of the yields of the water <br /> rights, and assessment of water market comparable sales and leases, we conclude that <br /> the Incidental Water Rights have a 2019 market value of$9,996,800. <br /> ggSpronk Water Engineers,Inc. Page 110 <br />