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"\: involves excavating a core trench into the center of the dam to cut off the seepage and to add stability. The project was awarded to Zak Dirt, Longmont, Colorado, who commenced construction in November of 2005 and has completed the project. The Company has received SEO approval and will be submitting . their final pay request in September of 2006, with project substantial completion to follow in October of 2006. 27. Abbott Ranch - Well Replacement Authorization: Severance Tax Fmd Water Source: Big Thompson River Terms of Loan: $49,440 @2.0% for 10 years County: Elbert Project Yield: 400 AF Project Type: Well Rehabilitation The Abbott Ranch is located in Elbert County, approximately 10 miles northeast of the Town of Kiowa. It consists of 1727 acres, of which 150 acres are irrigated, and the remainder is in dry-land pasture. The Ranch relies on two main revenue streams, cattle sales and hay sales. Currently, the Ranch produces 300 tons of hay on the 150 acres, with 70% being available for sale as horse hay. For irrigation, the Ranch uses one alluvial well that is 80 feet deep, in the Bijou Creek alluvium of the Kiowa-Bijou Designated Basin. The well permit allows an annual withdrawal of 400 AF at 700 gpm. Historically, the well pumped at 700 gpm which produced 6 tons per acre or a total of 900 tons. Due to deterioration of the casing pipe, the well can only pump 250 gpm, and production has been reduced to 2 tons/acre or a total of 300 tons annually. The proposed project includes drilling the 80-foot replacement well with 16" casing (40' steel and 40' stainless steel), using the re-built pump from the existing well, and connecting the replacement well to the existing system with 250 If of new 6" PVC piping. Hamacher Drilling, Simla, Colorado, has completed the work. Final pay request for the project has been received with a November 2006 substantial completion requested by the owner. 28.. Sheek Ditch Company - Ditch Rehabilitation . Authorization: Severance Tax Fund Water Source: Mancos River Terms of Loan: $427,700@2.5% for 30 yrs. County: Montezuma Project Yield: 1,781 acre-feet Project Type: Ditch Rehabilitation The Sheek Ditch Company is comprised of 17 members that own water rights. The existing ditch system is 3.6 miles in length and carries approximately 9 cfs. This project involves piping the existing open ditch system with 8-inch to 21-inch PVC pipe and installing meters at each delivery point. The project is part of the NRCS Salinity Control Program. NRCS will be contributing a $267,000 grant towards design and construction of the project, which will be applied to the CWCB loan. The final CWCB loan amount is anticipated to be $160,700. The project design has been completed. The project was awarded to Lewis Excavating, Mancos, Co who has commenced construction. The project is approximately 65% complete and is temporarily shutdown to accommodate the summer irrigation season. Construction will continue in the fall, with completion anticipated by November of 2006. 29. Union Ditch Company - Well Augmentation Proiect Authorization: Severance Tax Trust Fund Water Source: South Platte River Terms of Loan: $312,595 @2.50% for320-years County: Weld Project Yield: 206 acre-feet Project Type: Well Augmentation The Union Ditch Company provides irrigation water to an area of 5,500 acres east of the Town of LaSalle and south of Greeley. The Union Ditch Company has filed application for an augmentation plan to provide replacement water for 40 junior wells owned by the shareholders, formerly serviced by GASP. . This project involves the development of 3 recharge ponds, placement of flow measurement devices, and . 56