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<br />e!! <br /> <br />drain, construction of 200 foot long spillway, placement of rip rap, raising the dam crest <br />on both dams to gage height 30-ft., removal of two abandoned outlets, and the repair of <br />the existing outlet to a good working condition. The Company is currently working <br />with the Little Thompson Water District and URS Engineering in developing <br />rehabilitation design to address seepage. The Company has requested a time extension <br />to complete the work. <br /> <br />3. Owl Creek Reservoir Company - Reservoir Rehabilitation <br /> <br />Authorization: Construction Fund <br />Water Source: Owl Creek Basin <br />Terms of Loan: $l,125,OOO@2.75% for 30-years <br />Rehabilitation <br /> <br />County: Weld <br />Project Yield: 1,200 acre-feet <br />Project Type: Reservoir <br /> <br />. <br /> <br />Owl Creek Reservoir is located approximately 6 miles east and 3 miles north of the <br />Town of Ault. The reservoir was originally constructed in 1896 to store water for <br />irrigation. The dam was constructed of granular material, and over the years has <br />suffered structural damage due to seepage. Given the condition of the dam <br />embankment and the potential for failure, the dam was intentionally breached in 1983. <br />The proposed project involves rehabilitating the existing dam embankment, the <br />construction of a controlled outlet structure, and the construction of an emergency <br />spillway. The project was bid in the fall of 2003. The Reservoir Company is currently <br />exploring its options increasing the dredging quantity to obtain its full storage decree of <br />1,750 acre-feet. The Company is considering applying for additional funds from the <br />Board to achieve the full reservoir capacity. Additionally, the Company has amended <br />the loan contract for a I-year time extension to complete the work. The Company is <br />also researching the possibility of utilizing Owl Creek Reservoir as storage facility from <br />flows outside of Owl Creek. This could be accomplished by pumping water from the <br />Larimer Weld Canal, located approximately 3f4 of a mile downstream of the reservoir. <br /> <br />4. Overland Ditch and Reservoir Company - Reservoir Rehabilitation <br /> <br />Authorization: Severance Tax Fund <br />Water Source: Cow Creek <br />Terms of Loan: $l,130,OOO@ 2.5% for 30 yrs. <br />Rehabilitation <br /> <br />County: Delta <br />Project Yield: 17,000 AF <br />Project Type: Reservoir <br /> <br />The Overland Ditch and Reservoir Company's 120 members own and operate the <br />Overland Reservoir, located in Delta County in the Gunnison National Forest at <br />elevation 10,OOO-ft. This project involves increasing the current reservoir capacity from <br />6,200 AF to 7,171 AF, raising the spillway elevation 3.8 feet, installing toe drains, <br /> <br />e: <br /> <br />59 <br />