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. . . .' water to the District's Dove Creek Canal system for the irrigation of 4,000 acres of new lands that are presently dry land farmed. Water will be delivered to irrigators in pipes under pressure for sprinkler irrigation only. Harris Water Engineers, of Durango, Colorado, is the planning and design consultant for the project. The District has commenced construction ofa portion of the project referred to as Sandstone and is currently working with staff to re:scope their existing loan into two separate loans, which was approved by at the January, 2005 Board Meeting. The District has substantially completed the water rights purchase and Sandstone project for a total loan amount of $2,530,000. The District is currently deciding if they want to proceed with any further WETPACK efforts, involving the remaining $4,700,000 in loan funds. 11. Parker Water and Sanitation District - New Reservoir Construction Authorization: Construction Fund Water Source: Cherry Creek Terms of Loan: $15,000,000 @4.75% for 20-years County: Douglas Project Yield: 16,200 acre-feet Project Type: Reservoir Construction The Parker Water and Sanitation District is currently in the design phase to construct the Rueter Hess Project for the storage of municipal water for its 7,924 customers. The new reservoir will provide terminal storage for use within the District's existing 8,596-acre service area. The reservoir will be located 3 miles southwest of Parker on Newline Gulch. The proposed reservoir will be a Class I structure, 135 feet high, impounding approximately 16,200 acre-feet of water. GEl Consultants, Denver, Colorado, will be putting together the final design and construction documents. Major land purchases have been completed and the Rueter Hess Reservoir and other related project activities are currently under construction. The entire project is anticipated to be completed by the summer/fall of 2007. Parker Water is considering expanding the size of the reservoir to accommodate the requested needs of other water users in the area (Castle Rock and Castle Pine North). The foundation work on the reservoir was expanded to accommodate this potential enlargement, which is still being considered by Parker Water. 12. Mancos Water Conservancy District - Canal Rehabilitation Authorization: Severance Tax Perpetual Account Water Source: West Mancos River Terms of Loan: $5,486,531 @2.80% for 30-years County: Montezuma Project Yield: 9,000 acre-feet ProJect Type: Canal Rehabilitation The Mancos Water Conservancy District supplies irrigation and municipal water within a 13,496 acre service area. The District's carriage facility is over 50-years old and the U.S. Bureau of Reclamation has recommended rehabilitation of the inlet and outlet canals. The proposed project is to rehabilitate inlet and outlet canals to the Jackson Gulch Reservoir and to replace its operational shops and headquarters. The District's goal is to have the entire project completed by 2014. The District has performed test sections with various lining materials to assist in determining the final design package for the ditch rehabilitation. Project construction on a small section of canal was completed this summer. The District is currently in the process of asking the Federal Appropriations Committee for $6,200,000 in grant funds to assist in completing the project. Securing this grant is critical for the District, without the grant funds the District will not be able to utilize the CWCB loan funds to complete the project. If the grant funds are secured the overall project is scheduled for completion in January of2014. 13. South Side Irrigation Company - Ditch Rehabilitation Authorization: Construction Fund Water Source: South Platte River Terms of Loan: $72,000@3.1O% for 30 yrs. County: Larimer - Near - Loveland Project Yield: 1,587 acre-feet Project Type: Ditch Rehabilitation 51