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<br />Pinewood Springs Water District <br />July 20-21,2004 <br /> <br />Agenda Item 14e <br /> <br />e <br /> <br />of Directors. At present, the officers are Mr. Andy Sharp, President, Mr. Mark Upton, Vice- <br />President, Pam Ping, Treasurer and Dan DeKrey, Secretary. They are governed by the PSWD <br />Rules and Regulations, and employ a full time Water System Superintendent. <br /> <br />Water Riahts <br /> <br />PSWD currently owns 7 shares of Culver Irrigation Company stock that provides an average of 6.27 <br />acre feet. The Culver water is used for PSWD's augmentation purposes. <br /> <br />In December 2002, PSWD filed for storage rights for five potential reservoir sites (including the <br />reservoir proposed for construction) However, an analysis done by McLaughlin Water Engineers in <br />October 2003, on flow records from 1993 to 2001, indicated that there would only have been water <br />available for diversion and storage in 4 of the 9 years studied. The decree for these storage rights <br />was recently signed on June 29,2004. <br /> <br />e <br /> <br />The above storage will have a very junior right. In order to improve the reliability of water <br />availability for the new reservoir, the PSWD is also in the process of petitioning to join the Northem <br />Colorado Water Conservancy District (NCWCD), so that it may purchase Colorado-Big Thompson <br />(CBT) units to use for downstream exchanges. These units would be purchased on the open <br />market. PWSD is requesting $1,000,000 to purchase as many as 90 CBT shares. At a current <br />price of $11,500 per share, 87 shares could be purchased. Assuming an average allocation of 0.7 <br />acre-feet per share, the 87 shares could yield about 60 acre-feet. At $15,000 per share, 67 units <br />could be purchased with an average yield of 47 acre-feet. In 2002 the City of Longmont required <br />that PSWD rent CBT units for credit to the City. At that time PSWD considered a scenario whereby <br />they might purchase as many as 90 CBT units in the future at $15,000 per unit, for a 6-month <br />supply of water. (According to NCWCD, CBT shares were selling for as high as $15,000 several <br />years ago.) <br /> <br />Proiect Description <br /> <br />The purpose of this project is to provide a means for PSWD to ensure an adequate and safe supply <br />of treated water to customers in the most cost effective manner. The following alternatives were <br />considered: <br /> <br />1. No-action alternative. <br />2. Modify an existing reservoir <br />3. Construct a new storage reservoir <br />4. Other solutions <br /> <br />Alternative No.1, No action alternative, was ruled out, as maintaining the status quo would <br />require continuing to haul treated water from off-site sources. <br /> <br />Alternative No.2, Modify an Existing Reservoir - One existing reservoir was looked at. <br />Expansion of Crescent Lake was evaluated but ruled out due to the cost per acre-foot of water. <br /> <br />Alternative No.3, Construct a New Reservoir - Four sites were looked at, Crow Lane Reservoir <br />#1 and #2 (a 20 foot and a 35 foot high dam), Maure Hollow, and the old Pinewood Reservoir site. <br /> <br />e <br /> <br />Alternative No.4, Other Solutions - A number of other solutions were looked at but ruled out due <br />to cost, reliability or availability. These included additional wells, consolidating water supply and <br />treatment with other communities, storage at City of Longmont's Buttonrock Reservoir, storage at <br />Lake Estes, and storage at Pinewood Lake. <br /> <br />Page 3 of 7 <br />