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<br />, <br /> <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:@03)866-3441 <br />FAX: (303) 8664474 <br />www.cwcb.state.co.us <br /> <br /> <br />MEMORANDUM <br />(Updated November 20, 2006) <br /> <br />Bill Owens <br />Governor <br /> <br />FROM: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Bruce Johnson, P.E.~ 0~ . <br />Mike Serlet, P.E., Chief if <br />Water Supply Planning an inance Section <br /> <br />Russell George <br />Executive Director <br /> <br />TO: <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />DATE: November 6,2006 <br /> <br />SUBJECT: Agenda Item i0e, November 13-15, 2006 Board Meeting <br />Water Supply Planning and Finance Section - New Project Loans <br />Platte Valley Irrigation Company - New Equalizer Reservoir Project <br /> <br />Introduction <br /> <br />The Platte Valley Irrigation Company (PVIC) is applying for a $2,365,000 loan from the Severance <br />Tax Trust Fund Perpetual Base Account to construct an equalizer reservoir, the Platte Valley <br />Reservoir No.1, and to add additional measurement and control structures on their main ditch. <br />The estimated total cost of the project is $2,628,600. Please see the attached Project Data Sheet. <br /> <br />Backaround <br /> <br />The PVIC service area includes approximately 14,832 acres of irrigated farm land in Weld <br />County starting near Platteville and extending along the east side of State Highway 85 north and <br />east for approximately 15 miles. The land in the project service area is primarily private farms, <br />ranches, and some individual home sites. All of the agricultural land serviced by the PVIC is <br />privately owned, and the stock ownership is currently 100% agricultural. Crops grown in the <br />service area include corn, beets, grain including oats, wheat and barley, alfalfa hay, and <br />potatoes. <br /> <br />PVIC diverts water for irrigation from the South Platte River near Platteville. They share a <br />jointly-owned headgate with Farmers Reservoir and Irrigation Company (FRICO) located on the <br />east bank of the South Platte River in Sec.19, T2N, R66W. The two companies share the same <br />jointly-owned channel (the Platte Valley Canal) for approximately 10 miles to a bifurcation <br />structure. At that point, the Evans NO.2 Ditch, owned by PVIC, serves to deliver water to <br />irrigated lands under the ditch. The Evans NO.2 Ditch is about 15 miles long and terminates at <br />the inlet to Lake Christina, which is owned by FRICO. The Company has a part ownership in <br />Sand Hills Reservoir to store up to 400 acre-feet of Colorado-Big Thompson (CBT) water. They <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />