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ii i\ '-, . . . , STA TE OF COLORADO Colorado Water Conservation Board Department of Natural Resources 1313 Sherman Street, Room 721 Denver, Colorado 80203 Phone: (303) 866-3441 FAX: (303) 866-4474 Bill Ritter Jr. Governor Harris D. Sherman Executive Director Memorandum Rod Kuharich CWCB Director Dan McAullife Deputy Director TO: Colorado Water Conservation Board Members Ti~Feehan,p.E.,pr~ject~. anT~ MIke Serlet, P.E., ChIel...... 'J Water Supply Planning an inance Section FROM: DATE: May 4, 2007 SUBJECT: Consent Agenda, Item la, May 22-23, Board Meeting Water Supply Planning and Finance Section - Revisions to Existing Project Loans - Bijou Irrigation District - Empire Reservoir Rehabilitation INTRODUCTION At the May, 2005 Board Meeting, the Board authorized staff to present revisions to existing loans totaling less then 20% ofthe original loan as Consent Agenda Items. The Bijou Irrigation District loan increase presented here is less than 20%. The Bijou Irrigation District (District) is requesting an increase of $50,783 to their May 2005 authorization of $672,660 for the Empire Reservoir Rehabilitation Project. The requested loan increase is based on actual qualified legal, engineering, and construction costs to complete the project. BACKGROUND The District owns and operates Empire Reservoir located west of Fort Morgan in Weld and Morgan Counties, between 1-76 on the south and US Highway 34 on the north. The District provides irrigation water to a 19,177-acre service area in Morgan County, located between the reservoir and the City of Fort Morgan. Water stored in the reservoir is delivered to users through a sister company, the Bijou Irrigation Company, that operates and maintains the distribution system used for either direct irrigation or exchanges. Empire Reservoir is used to supplement the direct flows, typically in July and August. Annual delivery from the reservoir is about 19,900 acre-feet.