Resolution 1988-52 - Laserfiche WebLink

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storage capacity (if any) associated with the water right to be dedicated. Example: (1) One share of Marshall Lake stock = 4.0 acre feet (average annual yield) (2) times 65% efficiency = 2.6 acre feet (consumptive use) (3) plus 4.0 acre feet of storage = 6.6 Raw Water Credits. Therefore, each share of Marshall Lake stock is valued at 6.6 Raw Water Credits. 4. If the following water rights are accepted by the City the following Raw Water Credits shall be applicable: Raw Water Credits Water Riqhts (credits per share) Marshall Lake 6.60 South Boulder and Coal Creek Ditch 38.79 5. For water rights acceptable to the City for dedication which are not set forth in paragraph 4 above, Raw Water Credits shall be determined by the City in the same manner as the Raw Water Credits in paragraph 4 were determined, which determination shall include the criteria set forth in paragraph 6, below. 6. The City shall evaluate water rights offered for dedication to the City and determine whether or not the water rights are to be accepted based upon the following criteria: priority date, historical point of diversion, location of historical use, historical yield, historical consumptive use, the contribution to historical consumptive use of other water rights or sources of water supply, future use of the land historically irrigated including future irrigation, considerations with respect to title, anticipated difficulties with transferring the water rights to appropriate points of diversion, places of storage and municipal uses, the City's contractual obligations and arrangements, expected needs of the City and of the City's muncipal water supply system, composition of the City's water rights portfolio at the time of the proposed annexation, and any other appropriate factors. 7. For land to be zoned residential, if the Raw Water Credits available from water rights offered and accepted by the City are less than the Net Acreage, a cash payment in 1 ieu of - 2 -