Primary Purposes. The primary purpose of the YRF is to enhance water security for communities, agriculture, industry, the economy and the natural environment in the Yampa River Basin (the “Intent”) by providing funding and supporting the efforts of other organizations and individuals to implement (i) voluntary, market-based water leases and releases from reservoirs that will enhance river flows; (ii) restoration actions (on private and public land) that will improve riparian, in-channel, streambank and aquatic habitat; and (iii) improvements or enhancements to water storage, distribution, management and infrastructure in the Yampa River Basin that will generate combined agricultural, industrial, environmental and recreational benefits as well as to undertake fundraising activities with the objective of building, managing and administering a substantial fund (the “Fund”), the principal and earnings of which shall be dedicated to and expended by the YRF pursuant to this Agreement to support such efforts.
Appears in 2 contracts
Sources: Collaboration and Administration Agreement, Collaboration and Administration Agreement