Colorado - Bull Creek Res. No. 4_Water Activity Summary

• Basin Roundtable: Colorado
• Applicant: Bull Creek Reservoir Canal & Power Company
• Description: Bull Creek Reservoir No. 4 Spillway Analysis
• Account Source: Basin
• Board Meeting Date: 9/19/2007
• WSRA - Doc Type: Water Activity Summary Sheet - CWCB Evaluation/Approval Documents

Water Supply Reserve Account – Grant and Loan Program
Water Activity Summary Sheet

Applicant: Amount Requested:
Bull Creek Res. Canal & Power Co $120,000
Source of Funds:
Statewide Acct.
Water Activity Name:
Bull Creek Res. No. 4
Rehabilitation & Enlargement
Water Activity Purpose: Matching Funds:
Structural CWCB Loan
County:
Mesa
Drainage Basin:
Colorado River
Water Source:
Bull Creek

Water Activity Summary:

Bull Creek Reservoir Canal and Power Company is a private 1896 non-profit corporation. The Company owns and
operates five reservoirs located within the Grand Mesa National Forest. The reservoirs serve 26 stockholders
(including Ute Water Conservancy District) and provide irrigation water to approximately 800 acres in the Plateau
Valley on the north side of Grand Mesa. The reservoirs are also used by the general public for fishing and recreation.
Additional uses include stock water, wetlands sustenance, and wildlife enhancement, and are an amenity to the
National Forest.

Due to safety concerns, Bull Creek Reservoir No. 4 is under a filling restriction from the State Engineers Office (SEO).
Until the dam is rehabilitated, the water users suffer from decreased storage and delivery of water. Senior storage
Water from these reservoirs is vital to the shareholders
rights will be lost if the reservoir is not rehabilitated.
agricultural/ranching efforts.

The Company holds senior decreed water rights (1895 to 1935) for 861 AF of water. Over one-half of these storage
rights cannot be stored due to safety restrictions (approximately 360 AF) and the reservoirs that were constructed
smaller than the fully decreed storage right (120 AF). A hydrology study, completed in 2006, indicates there is enough
water in the watershed to fill these rights four times.

The grant funds being requested are to pay for the Company’s 10% matching funds necessary within the CWCB Water
Project Loan approved in January 2007. The Project Loan is for engineering, permitting and construction of the Bull
Creek Res. No. 4 Rehabilitation & Enlargement project.

Discussion:

A CWCB Loan was approved in January, 2007. The loan will only cover 90% of the project costs. However, it does
not cover the legal costs of applying for water rights for an enlargement, or the legal costs of transferring senior water
rights from two of the Company’s smaller reservoirs to Bull Creek Reservoir No 4 or No. 5 in order to better utilize
construction dollars to perfect the Company’s storage rights. The 10% not covered by the CWCB Loan is estimated to
be $120,000. All of the above work is scheduled to occur in 2007/2008.

1