C150150 Feasibility Study

• Contract/PO #: C150150
• Contractor Name: Lower Arkansas Water Management Association
• Contract Type: Loan
• Water District: 67
• County: Bent
• Loan Projects - Doc Type: Feasibility Study

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TABLE OF CONTENTS

Page

Introduction ............................................................ 1

Background ............................................................ 1

Replacement Water Requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

Replacement Water Supplies. . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . .4

The Keesee Ditch . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

A. Keesee Water Rights ................................... . . . . . . 5

B. Historical Consumptive Use of the Keesee Water Rights. . . . . . . . . . . . . 6

C. Inflows to the Keesee Article II Storage Account ............. . . . . . . 6

D. LA WMA's Need for Additional Replacement Water . . . . . . . . . . . . . . . . 6

E. Proposed Use of the Keesee Water Rights by LA WMA as a Source of
Replacement Water .................................... . . . . . . 7

F. Impact of Adding One-Half of the Keesee Water Rights on the Yield of
LA WMA's Portfolio of Replacement Water Rights. . . . . . . . . . . . . . . . . 8

G. Use of the Keesee Water Rights by LA WMA in 2003 and 2004 ...... 10

Financial Plan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

A. LA WMA's current CWCB Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

B. LA WMA' s CWCB Loan Deferrals Related to its Participation in the Kansas
v. Colorado litigation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

C. LA WMA' s Current CWCB Loan Request for the Purchase of One-Half of the
Keesee Water Rights ................................... . . . . . 12

D. Service of LA WMA's Current CWCB Loans and Proposed Loan for
Purchase of One-Half of the Keesee Water Rights ............ . . . . . 13