President:                   Arion Erekson

Phone:                          266-0253

Executive Secretary: Werner S. Ronne

Phone:                           277-5075

Address:                        2288 Fardown Ave (Holladay)

City & State                  Salt Lake City, Utah 84121-1462

Water Source:               Big Cottonwood Canyon.  Morse Decree gives 19% of Big
                                        Cottonwood Creek to this irrigation company.

Total Shares:

Delivery:

Shares/acre:                  When the Morse Decree was written, it was intended that one share
                                        per acre would be adequate. But now they have culinary water in 
                                        addition to irrigation water and one share per acre is more than 
                                        enough for an acre.

Annual Fee                     $9.00 per share

Transferability:              Only within the delivery area of the Company

Delivery Area:                Cottonwood area

Sale Price/Share:            $2000/share Historical price paid.

Rental Rate/Share:          It rents for $65/Share/year. However a Salt Lake City pays per
                                            share for use as culinary water. Plus the owner has irrigation 
                                            water.

Tim Ohara of the Salt Lake City Water Department said that there is a water exchange agreement this company. In essence they use the good water out of the Canyon and trade Utah Lake water for irrigation. They take as much as 1.67 million gallons per day from April 1 to Sept 30, and 930,000 gallons per day the remainder of the year. Irrigation takes 22% of the stream April, May, June. The City gets 30 cfs July, 28 cfs Aug, 26 cfs Sept, 15 cfs Oct.

Arion Erekson President of the Irrigation Company said that the City had to deliver 953 gallons per day for each share of water from April 1, to Sept 30 and the remainder of the year they had to deliver 544 gal/day/share without charge.

History:

April 25, 2000                Salt Lake City Water Department - will pay $2000/share.  
                                        Big Cottonwood Tanner Ditch Irr. Co. will pay $2000. 
                                        The price has been held $2000 for many years by the irrigation
                                        company.

June 2, 2000                    One share sold for $3000.