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.. If '0 . . e 14. Riverside Irrigation District - Water Rights Purchase Authorization: Severance Tax Fund Water Source: South Platte River Terms of Loan: $1,464,500@2.5% for 30 yrs. County: MorganlWeld Project Yield: 736 AF Project Type: Water Purchase RID was formed in 1907 and operates under the Irrigation District Law of 1905. The service area is located primarily in Morgan County, and water is tied to 22,494 acres of specific irrigated lands in the District, owned by 147 different farms. The water is typically used to irrigate corn, alfalfa, beans, and sugar beets. RID owns and operates the 90-mile long Riverside Service Canal. RID has a direct flow water right, but relies primarily on storage water in Riverside Reservoir, owned by RID's "sister" company Riverside Reservoir & Land Company (RRLC). RID farms also use alluvial wells (about 100) for additional water. RID has numerous recharge decrees, and is obtaining a court decreed augmentation plan. RID is able to deliver 41,500 acre feet to users. RID receives about 75% of its water through its controlling interest in RRLC's Riverside Reservoir. There are a total of2505 Private Rights in RRLC. For over 20 years, RID was able to use 62 Private Rights owned by Groundwater Appropriators of the South Platte (GASP) for irrigation within the RID system, in exchange for allowing GASP to use excess RID augmentation credits. In 2005, GASP announced that they were dissolving and that all assets would be sold off, including their Riverside water. RID is dependent upon the continued use of the GASP's Riverside water rights as a supplemental source. RID was able to purchase 46 out of the available 65.5 Private Rights at the GASP auction in February 2006, using interim financing. That loan would be extinguished using the proceeds of the CWCB loan. Prior to the acquisition ofthe subject 46 Rights, RID owned 1954 Rights (78.0%). With the acquisition, RID now owns 2,000 Rights (79.8%). 15. Lincoln Park Crooked Ditch Company - Ditch Rehabilitation Authorization: Severance Tax Fund Water Source: South Canyon Ditch Terms of Loan: $1,818,000@3.25% for 30 yrs. County: Fremont Project Yield: 1,850 AF Project Type: Ditch Rehabilitation LPCDC, a Colorado mutual ditch company, provides irrigation water to a 500-acre service area in Lincoln Park, immediately south and adjacent to Canon City, in unincorporated Fremont County. There are 362 shareholders and 3,675 shares of stock. The irrigated acreage in the service area is primarily residential lawns and gardens, hobby farms and pastures. Typical lot and tract sizes are 0.25 to 5+ acres. LPCDC has several senior water rights and diverts from the Arkansas River through the South Canon Ditch. The LPCDC ditch system has several branches totaling 62,220 lineal feet (If) or about 11.8 miles in length. The ditch consists of 29,075 If of 36"and 8,540 If of 24" of concrete pipe, 16,085 If of 18" concrete/PVC pipe, and 8520 If of open ditch. The existing, original piping (hand-poured concrete) has deteriorated and there are numerous leaks in the system due to age and wear. The ditch suffers from significant water loss, and the deteriorated pipe poses a threat to property and individuals should the pipe fail. The proposed project involves replacing the most deteriorated piping in the system 30,225 If with HDPE (High Density Polyethylene) over a two-year period, in order to stop water loss and restore system reliability. The first year will consist of 15,365 If(10,385 If - 36"; 4,980 If -18"), and will include the vulnerable section along the bluff overlooking the Arkansas River. The second year will consist of 14,860 If(II,290 If of 36" pipe replacement, and conversion of 3570 If of open ditch to 36" pipe.) The project is anticipated to commence construction in November of 2006. 16. Logan Irrigation District - Prewitt Reservoir Spillway Construction 63