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<br />) <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />STATE CIICOLORADO <br /> <br />e.:: <br />.. ..' <br />I <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br /> <br />721 Centennial Building <br />1 31 3 Sherman Street <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br /> <br />S ill Owens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director, DNR <br /> <br />Peter H. Evans <br />Acting Director, CWCS <br /> <br />MEMORANDUM <br /> <br />TO: Colorado Water Conservation Board .Members <br /> <br />FROM: Bill Stanton, P.E., Chief, Project Planning and Construction Section <br />Bill Green, P.E., Manager ofPlanning,,?>6/ <br /> <br />DATE: January 26,1999 <br /> <br />SUBJECT: Agenda Item 12b., January 27-28, 1999 Board Meeting - <br />Water Project Construction Loan Program - Changes in Existing <br />Loans - North Poudre Irrigation Company - System Rehabilitation <br /> <br />Introduction <br /> <br />The Board will be asked to provide conditional approval for a Construction Fund loan of <br />$1,107,000 to the North Poudre Irrigation Company (NPIC) of Wellington for several <br />water system rehabilitation projects. Please-see the attached project summary and map. <br /> <br />Background <br /> <br />In January 1998, the Board gave conditional approval for a $500,000 Construction Fund <br />loan (subsequently authorized in HB 98-1189) which represented 75 percent of the <br />estimated costs for three rehabilitation projects involving NPIC Reservoirs No.5 and 6 <br />and North Poudre's Buckeye Lateral. The Buckeye Lateral project has since been <br />cancelled. The Company would still like to pursue the two remaining projects as well as <br />two other rehabilitation projects for NPIC Reservoir No.4 and the Company's Indian <br />Creek Reservoir. <br /> <br />One of the conditions ofloan approval in 1998 was the completion ofa feasibility study. <br />The Company has submitted a feasibility study by Smith Geotechnical of Fort Collins. <br />The Study defines all four projects and provides economic, financial and technical <br />analyses of each. Staff is still in the process of reviewing the revised version of the study, <br />which was submitted on January 19, 1999. <br />