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<br />c <br /> <br />Proiects under Construction <br /> <br />1. Grand Mesa Reservoir Company - Rehabilitation of Reservoir No. 1 and No.9 <br /> <br />. <br /> <br />Authorization: Construction Fund <br />Water Source: Gunnison <br />Tenns of Loan: $200,000@2.4% for 20-years <br /> <br />County: Mesa <br />Project Yield: 1,000 Acre-Feet <br />Project Type: Reservoir Rehabilitation <br /> <br />The Grand Mesa Reservoir Company operates 6 reservoirs on the Grand Mesa to supply water to 16 <br />shareholders for the irrigation of500 acres. This project involves the replacement of the outlet structures <br />at each reservoir and also addresses seepage problems at each facility. The project was designed by the <br />City of Grand Junction, one of the major shareholders, and is currently being constructed by the City of <br />Grand Junction. The outlet structures have been installed and the seepage problem corrected at both <br />reservoir locations. The City of Grand Junction is draining the two reservoirs to install the new outlet <br />gates. The project has been on hold pending resolution of construction and water rights issues between <br />the City and the Company. These issues have recently been resolved, with the final phase of the project <br />scheduled to commence construction during the summer of 2007. <br /> <br />2. Town ofKremmling - Raw Water Supply System <br /> <br />Authorization: Construction Fund <br />Water Source: Colorado River <br />Terms of Loan: $1,689,750 @4.25% for 30-years <br /> <br />County: Grand <br />Project Yield: 400 acre-feet <br />Project Type: Raw Water Supply <br /> <br />This $1,616,320 project involves the construction of a raw water supply pipeline from the Colorado River <br />to the Jones No.2 Reservoir. The pipeline project will allow the Town of Kremmling to access their <br />conditional 3 cfs flow right out ofthe Colorado River, which will be stored at Jones No.2 Reservoir and ..... <br />used to augment the town's current water supply. The project involves the construction of 12,000 feet of <br />pipe, low and high lift pump stations, and low and high lift force mains. The project was bid in the <br />winter of 2004, and was awarded to Duckels Construction, Steamboat, Colorado. The Contractor <br />encountered complications with the bore site under the existing railroad tracks to the river, which required <br />a new bore. The new bore was completed successfully and 100% of the 12-inch pipe has been installed. <br />Connections to the pump and treatment plant have been completed. All system checks have been <br />completed by the Contractor and the project has been approved by the Engineer. The Contractor has <br />completed all punch list items, which have been approved by the Engineer and City. Project substantial <br />completion is tentatively scheduled for October of 2006. <br /> <br />3. Springdale Ditch Company - Well Augmentation Proiect <br /> <br />Authorization: Construction Fund <br />Water Source: South Platte Basin <br />Terms of Loan: $121,500@ 2.75% for 30-years <br /> <br />County: Logan - Near Sterling <br />Project Yield: 10,647 acre-feet <br />Project Type: Well Augmentation <br /> <br />The Springdale Ditch Company operates the Springdale Ditch for the delivery of irrigation water within a <br />4,490-acre service area. The head gate for the ditch is located in Logan County 6 miles southwest of <br />Sterling. The project involves the construction of augmentation ponds and drilling one augmentation <br />well and 2 recharge wells to generate credits to cover depletions from 43 irrigation wells used by <br />Stockholders of the Company. The project engineer is Brent Nation with Nation Engineering Services, <br />Fort Morgan, Colorado. All well and augmentation ponds have been constructed. The Company is <br />currently waiting on final measuring devices for project completion, which is scheduled for November of <br />2006. <br /> <br />. <br /> <br />48 <br />