Executive Secretary:     Chad L. Mitchell Agent at High Country Realty in Kamas.
Home Phone:                 (435) 783-4778
Mobile Phone:                (435) 640-3570
Address:                         1871 South State Road 32
City & State:                    Francis, Utah

Water Source:                 Provo River 100 cfs

Total Shares:                    389

Delivery:                         10.13 acre foot per share

Shares/acre:                    1/3 - About 3 AF per acre with a consumptive use of 1.6 AF

Annual Fee

Transferability:                Within the System and perhaps down river.

Delivery Area:                 Woodland and Francis areas

Sale Price/Share:             Recent sales were $2500 per acre foot for water that was
                                            changed to culinary uses. One sale recorded where one 
                                            share was sold and transferred to a well for $34,000 or 
                                            $3400 per acre foot.

Rental Rate/Share:         None rented in this company but it is rumored that Beaver 
                                           & Shingle Creek rented 500 AF for $70,000 per year for use in
                                           Park City. That's $140 per acre foot.

History:

April 25, 2000                 Chad Mitchell the Secretary for the Irrigation Company 
                                          said that the town of Francis had purchased some shares
                                          for $2500 per acre foot for culinary water.

June 19, 2000                    Chad Mitchell said that he thought that the going price 
                                           was $2500 per acre foot.