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New Cache La Poudre Irrigating Company November 19-21 2003 Agenda Item 8b The NCLPIC manages water in the Greeley NO.2 Ditch, delivering approximately 37,500 acre-feet per year. The ditch level fluctuates throughout the irrigation season making it difficult and inefficient to serve all of the users, particularly those near the end of the system. In order to overcome fluctuations in the ditch, NCLPIC must run extra water to ensure that users at the end of the system are not shorted. In addition, the NCLPIC estimates that it is approximately 10,000 ac-ft short of its current annual water requests, due to operational losses as well as the transfer of Colorado Big Thompson water out of the system. The intent of the proposed project is to construct three reservoirs near Barnesville to equalize ditch flows, improve system efficiency (approx. 2000 AF/year), and provide additional storage (approx. 2500 AF/year) to meet demand. The proposed reservoirs will also provide a benefit to the comprehensive groundwater augmentation plan that the company is developing. Feasibilitv Studies Smith Geotechnical Engineering Consultants of Fort Collins has completed the feasibility study in accordance with CWCB guidelines. The study includes an assessment of alternatives to address storage and operational deficiencies. . New Cache La Poudre Irriaatina Company The New Cache La Poudre Irrigating Company was incorporated as a Mutual Ditch Company under the laws of the State of Colorado on February 21, 1898. Currently, there are 2500 shares of NCLPIC stock held by approximately 300 users. All shares are agricultural with the exception of 4 shares owned by the City of Greeley. The NCLPIC sets annual assessments to be paid by its shareholders. It has the authority to refuse water deliveries to shareholders who are delinquent in paying assessments, and can sell delinquent shares to cover delinquent assessments. The NCLPIC has the power of eminent domain and has the authority to enter into contractual arrangements. It does not have the authority to levy taxes and is not affected by the TABOR Amendment. Water Riahts The NCLPIC holds direct flow water rights for a total of 650 cfs from the Cache La Poudre River. The total amount was allocated in 5 decrees with appropriation dates ranging from October 25, 1870 to May 24, 1977. The Company has filed with the District Court, Water Division No. 1 for 2500 acre-feet of storage rights for the reservoirs considered in this feasibility study. A summary of the Company's existing water rights is listed below: Existing Water Riahts Priority Date 37 October 25, 1870 44 September 15, 1871 72 November 10, 1874 83 September 15, 1877 Case No. W-8059-75 Mav 24,1977 Amount 11 0 cfs 170 cfs 184 cfs 121 cfs 65 cfs 650 cfs Total Page 2 of 7