From The Pueblo Chieftain (Chris Woodka):
The pilot project would sell 500 acre-feet of water through a lease agreement to the Pikes Peak Regional Water Authority. Under the agreement, water would be delivered to Lake Pueblo, where it could be used for exchanges or for direct use through the Fountain Valley Conduit. Fountain has made a firm commitment to take water, but other members of the El Paso County group including Donala and Security are interested in participating as well, said Curtis Mitchell, conservation and supply manager for Fountain. Water would sell at $500 per acre-foot, allowing the shareholders to retain ownership of the water right.