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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br /> <br /> <br />(Revised) <br />Memorandum <br /> <br />Bill Owens <br />Governor <br /> <br />Russell George <br />Executive DiIector <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy DiIector <br /> <br />FROM: <br /> <br />Tim Feehan, P.E., Project Manager <br />Mike Serlet, P.E., C~ief,t..u-'ff . <br />Water' Supply Planmng mfd~nance SectIOn <br /> <br />DATE: <br /> <br />July 12, 2006 <br /> <br />SUBJECT: <br /> <br />Consent Agenda, Item 2a, July 25-26, 2006, Board Meeting <br />Water Supply Planning and Finance - Revisions to Existing Loans <br />North Poudre Irrigation Company - Miner's Lake Rehabilitation <br /> <br />INTRODUCTION <br />At the May, 2005 Board Meeting, the Board authorized staff to present revisions to existing <br />loans totaling less then 20% ofthe original loan, as a Consent Agenda Item. The North Poudre <br />Irrigation Company loan increase presented below is less then 20%. <br /> <br />The North Poudre Irrigation Company is requesting an increase of$121,200 to their March 2004 <br />authorization of$614,080, for the rehabilitation of Miner's Lake. The requested loan increase is <br />due to unforeseen cost overruns during construction and easement acquisitions. <br /> <br />BACKGROUND <br />The North Poudre Irrigation Company, located in Larimer County owns and operates Miner's <br />Lake (Reservoir No.1) as an irrigation water storage reservoir for the benefit of its shareholders. <br />The North Poudre Irrigation Company has an office in Wellington, and operates 22 storage <br />reservoirs and approximately 200 miles of ditches. Their service area is located in northeastern <br />Larimer County, north of the City of Fort Collins, extending several miles east ofI-25. The total <br />service area is approximately 42,000 acres of which the North Poudre Irrigation Company <br />provides water for irrigation for approximately 28,000 acres. The irrigated acreage within the <br />service area is primarily used to grow com, sugar beets, soybeans, hay, and feed crops. The <br />Company's average annual delivery is 44,400 acre-feet. The North Poudre Irrigation Company <br />has done considerable rehabilitation work on their system, with the assistance of 8 CWCB loans. <br />The earliest loan dates back to 1982, and the most recent one was approved in 2001. <br />