Temporary transfers of water for dry year water supply are analyzed fo
r cost and operational feasibility. The temporary transfer is implemen
ted as part of a water rights option agreement (WROA) between a lessor
and a lessee. First, engineering analysis determines the technical fe
asibility and operations plan under the Colorado doctrine of prior app
ropriation. The cost of the WROA to a water utility is estimated. Othe
r considerations in the agreement are discussed. The WROA is compared
to other dry-year supply alternatives using a water system simulation
model to obtain expected cost and operational performance characterist
ics.