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<br />; <br /> <br />STATE OF COLORADO <br /> <br />(Revised) <br />Memorandum <br /> <br /> <br />Colorado Water Conservation Board <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 />Bill Owens <br />Governor <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Russell George <br />Executive Director <br /> <br />FROM: <br /> <br />Tim Feehan, P.E., projec~t M;~.,.ger <br />Mike Serlet, P.E., Chief,~ J .. <br />Water Supply Planning dFinance Section <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />DATE: May 10, 2005 <br /> <br />SUBJECT: Agenda Item No. 14, May 24-25, 2005, Board Meeting <br />Water Supply Planning and Finance - Changes to Existing Loans <br />Stromberger Land & Cattle Company, Well Augmentation/Recharge Project <br /> <br />INTRODUCTION <br />The Stromberger Land and Cattle Company is requesting an increase of $59,000 to their <br />November 2002 authorization of $414,000 for the Stromberger Augmentation Plan. The <br />requested loan increase is due to cost overruns incurred during construction of the project. <br /> <br />BACKGROUND <br />At the November 2002 board meeting, the Colorado Water Conservation Board approved a loan to <br />the Stromberger Land and Cattle Company in the amount of $414,000, from the Construction Fund. <br />The $414,000 loan authorization was for the construction of the Stromberger Land and Cattle <br />Company Augmentation Plan, consisting of 6 recharge wells, 1 augmentation well, various recharge <br />sites, and 19,685 linear feet of 18 - 21 inch PVC Pipe. <br /> <br />The Stromberger Fann is located in Logan County, approximately 15 miles north of Sterling, near <br />the Town oflliff. The fann is located along the south side of the South Platte River adjacent to I- <br />76, crossing 10 sections of land. The Stromberger's have approximately 1923 acres offannland <br />irrigated by 12 tributary groundwater wells, which were drilled in the late 1960's and early 1970's. <br />These 12 wells have an annual depletion of approximately 5,000 acre-feet. <br /> <br />With no ties to a ditch or reservoir system the Stromberger's are completely dependent on its 12 <br />wells, which have a very junior water right. For the past 30-years the Stromberger's relied on GASP <br />to cover their annual depletions. Based on GASP's indications to their members that future <br />coverage of annual depletions could no longer be guaranteed, the Stromberger elected to pursue the <br />construction of their own individual augmentation system, to cover their annual depletions. The <br />Strombergers are a member of the Lower Logan Well Users. The augmentation credits that are <br /> <br />1 <br />