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without delay. Both extraction and replacement water is applied in a n protects without encumbering regulatory, human, financial, ar natural It's a formula approach whose benefits should outweigh any minor va the general assumptions, similar to that implied by significant figure certain site specific values need to be considered, they can be apF time of notification of the opening of a new property, or subsequent to water and applied assumptions are already in place and the use specific data will only produce a slight modification in overall values [re demands]. What isn't clear under this Letter of Intent, is the specific nature and c that should be inherent in such a plan, since this information will cooperatively by the combined thought and participation of District 5 a Commissioners, affected Water Conservation Districts, the OSE Operator [Varra Companies, Inc.]. Agreement is often reached, after- water court. The Temporary Substitute Supply Plan often doesn't go but even if it does, it seems substantially more beneficial to gain con: participation proactively. Again, the greater unknown element is time. will it take to gather the data, gain input from diverse interests, pa approve the Master Plan. As long as sufficient water is held in trust worrying about Time. lost production. or lost water -because for all i purposes, there will be very little waste of any under this arrangement. AND MASTER SUBSTITUTE SUPPLY PLAN: 5 that s lost in Should i at the tt, since the site derived 6 Water and the e-fact, in at route, tsus and iow long aqe and and BANK This letter is preceded by considerable reconnaissance of ideas Prom 1 dlvlduals whose organizations share an important role in the crafting of a Mas er Plan, establishment of a Trustee, and effecting the plan in the real orld of applications. The intent is to make a 'Plan' that fully integrates the dive se roles and interests of all concerned and apply those roles in an orchestrated manner that benefits everyone. To do that, everyone will have opportunity to uild this plan, instead of reacting to it after-the-fact. In this manner, the 'Plan' ill more likely be able to be 'applied' on the ground and have a more genuine ffect in protecting and advancing the interests of all. Individuals who are key to the development, approval, and implementation of a Master Plan are identified below. Each individual 'Contact' express some Wednesday 5 March 1997 Letter of Intent to Form a Master Temporary Substitute Suppl Plan for the Colorado Office of the State Engineer and Varra Companies, Inc.