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1997, we will advance to secure a Trustee within ninety (90) days of the signature date of the OSE on this Letter of Intent. Within one (1} year of this dat we trust that the principal components of a Master Temporary Plan of Augmen ation can be in place as well. I have used one year since an Individual Plan w initiated in May of 1996, and is still pending final approval. Drawing upon t e unique nature of a Master Plan, it seems reasonable to assume a similar time f ame. While target dates are specified in the commitment, the saUsPactl n oP this agreement should not be tied to dates since there are diverse playe s whose commitments may require a timeline longer than that targeted. As Ion as Varra Companies, Inc. provides a good faith effort to effect this letter of agr ment by its actions, the agreement should not be jeopardized by dates tha may be obstructed for the greater good of obtaining a sound and thorough r view and placement of all other players and tangent agreements necessary to ffect the same. The provision of 'wet water in trust' is established first by 'Intent,' as evid nced by this letter, and second, 'in fact,' by the establishment of a 'Trustee.' It is a pre- requisite that secures the Time necessary to: (1) enable extraction a ivities to proceed without delay and undue expense; and, (2) set in m tion the development of a Master Temporary Substitute Supply Plan. It is in fact the Master Plan that is the greater purpose of this Letter of Int nt. The development of a Master Plan will reduce the drain on everyone's res urces by reducing the time and energy necessary to assess future circu stances. Assumptions will be established that can be plugged into the basic Ma ter Plan. The replacement issues will be satisfied by the water held in trust, unt I the site specific nature of each operation can be evaluated under the Plan. For example, a certain quantity of water is made available under an exi ing right controlled or owned by the operator. Two future sites are opened at two separate locations within the Theatre of Operations. Since the entire T eatre of Operations is small enough in scope, basic assumptions of pan eva oration, crop usage and consumptive use can be generalized over the are without compromising applied values. Therefore, if a known value for a po ion of a share of a water right can be applied against a known consumptive use value in the area, those values are converted to exposed surface acres and di tributed monthly. In this manner, existing and future replacement needs are tied to tota surface acres exposed and planned for exposure in the forthcoming year. Acc nting is automatically adjusted and monthly demands established and accom odated Wednesday 5 March 1997 Letter of Intent to Form a Master Temporary Substitute Supp Plan for the Colorado Office of the State Engineer and Varra Companies, Inc.