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<br />Water Supply Reserve Account - Grant Application Form <br />Form Revised May 2007 <br /> <br />4. Please provide an overview of the water project or activity to be funded including - type of activity, <br />statement of what the activity is intended to accomplish, the need for the activity, the problems and <br />opportunities to be addressed, expectations of the participants, why the activity is important, the service <br />area or geographic location, and any relevant issues etc. Please include any relevant TABOR issues that <br />may affect the Contracting Entity. Please refer to Part 2 of Criteria and Guidance document for additional <br />detail on information to include. <br /> <br />The Ovid Reservoir is a conditional storage right originally proposed by Groundwater Appropriators of the South <br />Platte (GASP). The original water court application began in 1997 resulting in a conditional storage decree <br />awarded to GASP for the project. GASP expended considerable legal, engineering, and land acquisition costs in <br />moving the project forward. The concept was to construct an off-channel reservoir near that state line that could be <br />used to augment well depletions and keep the compact call off when water users needed to divert. The selected <br />reservoir site could store 5,700 acre-feet of water, fill by gravity from the Peterson Ditch and release by gravity back <br />to the South Platte River approximately 10 miles above the state line. Wildlife and wildlife recovery was later <br />added as a beneficial use of the conditional water right. <br /> <br />Due to an adverse ruling by the Supreme Court regarding augmentation supplies for wells, GASP was unable to <br />continue in operation. The well users in District 64 still had a need for reliability and certainty in providing <br />augmentation supplies for their farms. GASP offered to sell the title to the Ovid Reservoir site, water right, and all <br />related personal property, including engineering studies performed to date, legal work and assets of the project. The <br />District 64 Reservoir Company was formed by 75 shareholders which consist a combination of well owners, <br />recharge project owners and other water users and local interests in the lower basin. Subscriptions to the reservoir <br />were priced to raise approximately $1,000,000 that would be put towards purchasing the assets offered by GASP. <br />Title to the Ovid Reservoir site, water right and related assets were acquired by the District 64 Reservoir Company <br />on February 21,2007. <br /> <br />The administration of the lower South Platte River has changed dramatically in the last 10 years as the result of the <br />2001-2006 drought with more intense administration of ground and surface water supplies, and the implementation <br />of a number of recharge plans for augmentation and other purposes. In addition, additional changes will occur as a <br />greater proportion of transmountain return flows are recaptured and reused by the owners of this water along the <br />Front Range. <br /> <br />Ovid Reservoir is strategically located in the lower river, and provides a number of opportunities to manage water <br />supplies for augmentation, compact management, and Colorado's participation in endangered species recovery <br /> <br />6 <br />