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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />STATE Cj COLOMDO <br /> <br />Q <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />U13 ShE'rrr.3n Street, Room 72'1 <br />Denver, Colorado 80203 <br />Phone: (03) 866-34-11 <br />FAX; (303) 866-44;---1- <br />\\'WW,CWc b_~tJte,co.us <br /> <br />8:11 Owens <br />CO\l'rnor <br /> <br />MEMORANDUM <br /> <br />ere'\; [, \"'ak:h'-'f <br />ht'Ultllt' Directur <br /> <br />TO: <br /> <br />"'-lid K,Jh"rICIl <br />Colorado \Vater Conservation Board Members "j ""'ell U"co'u, <br />/ _" Dcln ''v\(',\ulir'l' <br />I CL_ CJep,;t'/ IJirC'nor <br />Rod KUhaIiC. h, Director,. Colorado Water Conservation Board. 't'!-' '// ( <br />MIke Serler. P.E., ChIef. Water Supply Plannmg and FlOance Sec ~ <br />Bill Green, P.E., Water Supply Planning and Finance Section 13 <br /> <br />FROM: <br /> <br />DATE: <br /> <br />January 16, 2001 <br /> <br />RE: <br /> <br />Agenda Item No. 10 a. - Water Supply Planning and Finance- <br />CWCB Construction Fund New Loans - Colorado Division of Parks <br />and Outdoor Recreation - Jackson Lake Dam Rehabilitation <br /> <br />Introduction <br /> <br />The Colorado Division of Parks and Outdoor Recreation (Parks) is applying for a <br />Construction Fund loan of $1.70 million to provide financial assistance to the Jackson <br />Lake Reservoir and Irrigation Company (the Company) for the rehabilitation of the <br />Company's Jackson Lake Dam. This and other financial assistance (as described below) <br />from Parks will constitute the compensation to be paid by Parks to the Company for a 30- <br />year lease of the recreational rights associated with Jackson Lake Reservoir. The <br />rehabilitation work involves erosion protection on the upstream face of the dam. Please <br />see the attached Project Summary and map. Also attached is a letter from Laurie <br />Mathews of Parks. <br /> <br />Background <br /> <br />Jackson Lake Reservoir is located about 17 miles northwest of Fort Morgan in Morgan <br />County and has an estimated storage capacity of 30,000 acre-feet. The reservoir provides <br />mainly late-season irrigation water to about 17,000 acres of irrigated lands. The dam has <br />been in place since about 1902, The reservoir is owned and operated by the Jackson Lake <br />Reservoir and lITigation Company. The land underlying the reservoir is owned by Parks. <br /> <br />In November 1993, the Company submitted a feasibility study by Smith Geotechnical of <br />Fort Collins for the Jackson Lake Dam rehabilitation project. The Company obtained an <br />authorization of $1.0 million in SB 94-29 for the project as proposed in the Smith study. <br />Thc Board approved a 4.0 percent Construction Fund loan for 30 years, A condition of <br />Board approval was contingent upon review of "the Company's financial condition and <br /> <br />Flood ProtC'ctiUrl . \'Vd\('r !)mject Pidlll1illt-; ,md Finc1ncing. Slrl'dll1 <1Ile! L"ke Pro(edirJlI <br />\V,lter )upfJi\' Pr\)lt'cllon. Cl)n~C'r\/,ll:()1l f)lilllning <br />