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Mayer: <br /> <br />If we just take the existing zoned <br />and annexed residential land, I come <br />up with about 750 acre ft. That's <br />for 1,300 multi-family at an average <br />70% yield of single family. Then, <br />the 600 additional single family <br />units yields about 750 acre ft. <br />Then, if you just look at C.T.C. and <br />Homart, that's approximately another <br />2,500 acre ft. So, between just <br />those three (3) entities, which I <br />don't think includes everything we <br />have, you're over 3,200 acre ft. in <br />terms of demand. <br /> <br />Phare: <br /> <br />In the numbers here, you look at the <br />undeveloped, unirrigated acreage, <br />that's a fairly high acreage. Not <br />all of our open space is <br />unirrigated. A lot of what comes in <br />with subdivisions and developments <br />is irrigated open space, as far as <br />playgrounds, or common entryway, <br />etc. I don't think we're being <br />overly optimistic here or <br />conservative. <br /> <br />Mayer: <br /> <br />Do you know how much a developed <br />park per acre requires? <br /> <br />Phare stated that it was around 3 ft. of water per year, depending <br />on the natural participation, soil conditions, etc. <br /> <br />Hornbostel: <br /> <br />From the Capital Improvements Water <br />Fund, you're saying that we wouldn't <br />have to go into debt to do the 4 <br />c.f.s.? Then, we would have enough <br />left over that, if we needed to <br />acquire water from other additional <br />water, say from C.B.T. or Windy Gap, <br />that we (INAUDIBLE). Looking here <br />in terms of total resources and you <br />need cash balance, we're looking <br />here in 1995, $2.1 million. I can't <br />imagine that, if you're going to <br />make a major water purchase, $2.1 is <br />going to be enough. Does that mean <br />that we have to grow in order to be <br />able to .... ? Once you start on this <br />path, it looks to me like it <br />snowballs. Once we get to a certain <br />point, like when you get into 1994, <br /> <br />6 <br /> <br /> <br />