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<br />Colorado River Water Conservation District. <br />November 19-21,2003 <br /> <br />Agenda Item 8a <br />(Updated November 26, 2003) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Colorado River Water Cons. Dist. County: Moffat and Routt <br /> <br />Project Name: Elkhead Reservoir Enlargement Project Type: Dam Enlargement <br /> <br />Drainage Basin: Yampa Water Source: Elkhead Creek <br /> <br />Total Project Cost: $19,500,000 Funding Sources: Recovery Prog./ CWCB <br /> <br />Type of Borrower: Municipal Interest Rate: 3.75% <br /> <br />CWCB Loan: $11,000,000 Term: 20 years <br /> <br />Additional Storage Volume: 12,000 ac.ft. <br /> <br />The Colorado River Water Conservation District is located in Glenwood Springs and is <br />comprised of all or part of 15 counties that are in the northern half of the Colorado River <br />drainage basin. The River District conserves, uses, safeguards, and develops water resources <br />of the Colorado River and its tributaries to which the State is entitled to under the Colorado <br />River Compact. The River District, in conjunction with the Upper Colorado Recovery Program <br />wants to enlarge Elkhead Reservoir, by raising the existing dam by 24 feet, for the purposes of <br />supporting the recovery of endangered fish species and to satisfy needs for supplies of <br />municipal, industrial and agricultural water in the Yampa River basin. The project will be <br />constructed commencing in early 2005 and be completed in early 2007. Dan Birch, project <br />development manager for the District, has completed the feasibility study using preliminary <br />design information from U.R.S. Corporation of Denver. Proposed project funding consists of a <br />CWCB loan in the amount of $11,000,000 and the remainder from the Recovery Program. <br /> <br />7 <br />