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• ~ 6 <br />initial concerns, the majority of which were satisfied by subsequent contacts. <br />Regardless, other matters pending resolution, or as yet identifie ,will be <br />attended to during the construction of the Master Plan, and d ring the <br />implementation of the same. <br />To better coordinate the diverse interests, and to assure that the co tent and <br />nature of each communication is clearly understood before initiatives a vance on <br />a potential misunderstanding, the critical components of each ntact is <br />indicated. Any error or misunderstanding should be corrected befor the next <br />level of communication occurs. Any correction will be copied to all arties in <br />order to achieve a balanced understanding of each individual perspec ive. It is <br />only reasonable to suggest that if we do not hear from you individu ly where <br />applicable, that the others can assume a correct understanding is rep esented. <br />Names and numbers of those contacted are also indicated to facilit to direct <br />communication. <br />I. Christopher L. Varra, President • <br />Varra Companies, Inc. • <br />12910 Weld County Road 13 • <br />Longmont, Colorado 80504 <br />(303) 666-6657 • <br />On Friday 31 January 1997, Chris requested that an initiative be made t simplify <br />augmentation considerations to better advance extraction timetabl s while <br />making better use of available water resources held by the company t protect <br />the interests of all concerned. Chris' vision is to orchestrate a resp nse and <br />establish a foundation upon which all interested parties might apply th mselves <br />toward a coordinated, pragmatic, proactive solution that both prot cts and <br />promotes the wise use of the diverse resources and interests at play. <br />The Company has the following water in shares available for placement 1 trust <br />• Hayseed 123.0 Acre Feet Consumptive Use [CU] applied tow rd <br />existing operations. <br />• Rural Ditch 3.5 Shares or approximately 224± Acre Feet C <br />• Last Chance 1.0 Shares or approximately 360+ Acre Feet C <br />Total Available to be Managed in Trust = 585± Acre Feet C .••• <br />Application of this water as applied to the 40 inch isobar trans) tes into <br />approximately 279.0 maximum surface acres of exposed water [refer to Table 1]. <br />Without applying specific parameters to the water, Table 1 suggests that the <br />water held in trust could be applied safely to upwards of 200 surface cres of <br />exposed water. <br />Wednesday 5 March 1997 Letter of Intent to Form a Master Temporary Substitute Suppl~+ Plan for <br />the Colorado Office of the State Engineer and Varra Companies, Inc. <br />