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xesolution Requesting Conversion to a Level I Allocation <br />December 13, 2012 <br />Page 2 <br />allocation rules, a - e Commission will assign Level I allocations qfJordan La'l <br />storage water szipply based on an intent to begin withdrawing upaler ivithinfive years of th <br />ef <br />. ffiective date qf allocation. <br />THEREFORE, ' DIRECTORS <br />r*i Is <br />Director 1. The Executive ■ letter to the NC Environmental <br />Management Commission that includes the following elements: <br />A request to immediately convert OWASA's existing Level 11 Jordan Lake water <br />supply storage allocation <br />It A statement of OWASA's intended use of Jordan Lake to supplement the supply <br />of water available a a pn'mary supply - (University Lake, Cane <br />Creek Reservoir, and Quarry Reservoir) during 'infrequent periods of extended <br />drought <br />2. The Board hereby r that OWASA shall only purchase water from othe <br />communities or obtain water from its Jordan Lake storage allocation during periods of increase <br />trought risk after it has declared a Stage I Water Supply Shortage per OWASA's State-approve <br />Water Shortage Response Plan and OWASA's Conservation Standards as incorporated therein. I <br />3. Any decision to invest OWASA funds in capital facilities needed to fully access it <br />Jordan Lake allocation and/or to make periodic payments to Durham and/or Cary under the term <br />*f new or modified water sales agreements will be based on an objective assessment of the likel. <br />risks and benefits of the proposed investment or expenditure; and., such an assessment will <br />mclude the consideration of the costs and benefits of alternative approaches. <br />Adopted of µ+ <br />ATTEST: <br />C <br />tu&l <br />Ar' W` sib, Secretes <br />7 <br />