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<br />
<br />Source
<br />Net Storage - November 1, 2000
<br />Net Storage - November 1, 2001
<br />Storage used in 2001
<br />Diversion from North Fork Poudre
<br />Diversion through Monroe Canal
<br />Municipal use from Horsetooth Res.
<br />
<br />
<br />31,126
<br />8,687
<br />39,813
<br />
<br />HILL & HILL. P.C.
<br />Attorneys at Law
<br />A Professional Corporation
<br />Fort Collins, Colorado 80522
<br />December 10, 2001
<br />
<br />I attend the monthly Board meetings through May, 2001.
<br />Filings in the Water Court in Greeley continue on a steady basis. The
<br />manager now reviews them from North Poudre's standpoint.
<br />There was litigation in Larimer County Court when threats were made
<br />relating to a North Poudre ditch right-of-way. A Restraining Order was entered
<br />and no further problems have resulted.
<br />Recreational leases on company reservoirs are now usually for three
<br />years. Goals have been to have reasonable insurance coverage, to allow
<br />recreation, and to try to be alert on safety matters.
<br />As substantial growth in our popUlation continues, there are continuing
<br />problems with subdivisions along ditches and reservoirs. The manager, for
<br />example, has to watch for any interference with North Poudre's access to a
<br />ditch and for storm drainage problems when a subdivision may route
<br />drainage into a ditch.
<br />Stock transfer requirements and obligations which must be met when
<br />stock certificates are lost are a regular recurrence.
<br />A District Court lawsuit is pending over one-half (1/2) share for which a lost
<br />securities bond was given. In fact, the certificate was not lost and had been
<br />sold but not surrendered to North Poudre for transfer. North Poudre denies
<br />any liability. Several lenders are involved, and the high expenses, uncertainty
<br />of litigation, and legal questions may contribute to a solution.
<br />There has been a claim based upon seepage of a ditch, and it is being
<br />investigated.
<br />The existing security for loans with Colorado Water Conservation Board
<br />(CWCB) was changed at CWCB's request to use Fossil Creek Reservoir.
<br />Also, the sum of $1,107,000 was loaned for work or rehabilitation projects on
<br />Reservoir No.4, Reservoir No.5, and Indian Creek at 4.04% per annum for
<br />20 years.
<br />The Conditional Water Decree for an enlarged Halligan Reservoir was
<br />continued to April, 2007 by decree signed April 16, 2001 by Judge Hays. Also,
<br />North Poudre continues to work with The Nature Conservancy on water flows
<br />in the North Fork of the Poudre.
<br />We have appreciated the opportunity to work for North Poudre.
<br />
<br />Respectfully submitted,
<br />HILL and HILL, P.C., Attorneys
<br />Alden V. Hill
<br />Brett M. Hill
<br />160 West Mountain Avenue
<br />P.O. Box 421
<br />Fort Collins, Colorado 80522
<br />Telephone: (970) 482-3683
<br />Facsimile: (970) 482-7648
<br />
<br />Acre Feet
<br />24,876
<br />24,632
<br />244
<br />31,642
<br />33,260
<br />8,687
<br />Total for 2001 73,833
<br />
<br />Distribution
<br />Ag Deliveries to Stockholders
<br />Municipal Deliveries to Stockholders
<br />Total Deliveries to Stockholders
<br />Other: Delivered from #6 Res. 3,300
<br />Delivered from Park Creek Res. 481
<br />Total Deliveries for 2001
<br />Evaporation & Distribution System Loss - 46%
<br />
<br />Total Distribution
<br />
<br />Fossil Creek Reservoir
<br />Preferred Rights
<br />Exchanged for CBT
<br />Rental & Other Deliveries
<br />
<br />Total
<br />
<br />CBT Project Information
<br />Carryover Available from 2000
<br />CST Quota 2001 (90%)
<br />Potential Carryover 10/31/2001
<br />
<br />Note: All figures shown are in Acre Feet
<br />
<br />Dividends
<br />
<br />3,781
<br />43,594
<br />30,239
<br />73,833
<br />
<br />3,420
<br />6,500
<br />
<br />9,920
<br />
<br />7,200
<br />36,000
<br />6,604
<br />
<br />Acre Feet Per Share
<br />Multiple Use Seasonal Early
<br />
<br />April 4, 2001
<br />June 6, 2001
<br />
<br />3.0
<br />0.5
<br />3.5
<br />
<br />0.5
<br />0.5
<br />1.0
<br />
<br />Total
<br />
<br />6
<br />
<br />0.0
<br />0.0
<br />0.0
<br />
<br />Alden T. Hill
<br />(1908 - 1998)
<br />
<br />7
<br />
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