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going to be about 3,400 to 3,600 <br />acre feet based upon our estimates. <br />The interim demand was 6,200 acre <br />feet. <br /> <br />Mayer: <br /> <br />And 9,000 acre feet was the build- <br />out? <br /> <br />Hobbs: <br /> <br />It's 9,800 acre feet. <br /> <br />Phare: <br /> <br />That's with conservation. The <br />interim demand is quite a few years <br />out there. <br /> <br />Hobbs: <br /> <br />We analyzed that in our report on a <br />year's basis. We figured if growth <br />continues at the rate that it has <br />historically grown over the last few <br />years, the ultimate would be about <br />30 years and the interim would be <br />about 15 years, to put it into <br />perspective. If you look at the <br />City's water rights, which is the <br />bottom line issue - what kind of <br />water rights do we have and can they <br />meet the demands, is really what <br />we're looking at. Looking at the <br />interim on the average supply basis, <br />the existing water rights portfolio, <br />that's all rights currently owned <br />and assumed that they were <br />transferred on the basis of past <br />transfers, can almost meet the <br />demands. A problem comes when what <br />happens under a design drought? We <br />suggested in the report that the <br />1954 drought is a 100+ year drought. <br />Most of the communities along the <br />Front Range are designing for 50 <br />year doughts. The 50 year drought <br />in South Boulder Creek (1963-64) was <br />the 24 month duration drought. We <br />analyzed exactly the same water <br />rights, exactly the same demand and <br />we said what would those do in 1963- <br />64, 24 month drought? (REFERRED TO <br />CHARTS) The City is protected with <br />under average conditions, but it is <br />not protected under farm conditions. <br />We looked again into the City's <br />existing water rights and analyzed <br />them against the City's ultimate <br /> <br />17 <br /> <br /> <br />