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<br />..' .. <br /> <br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of N amra! Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />MEMORANDUM <br />(Updated December 4, 2002) <br /> <br />Bill Owens <br />Governor <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />FROM: <br /> <br />John Van Sciver, P.E. <br />Mike Serlet, PE, Chief <br />Water Supply Planning and Finance Section. <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />DATE: November 13, 2002 <br /> <br />SUBJECT: Agenda Item 20j., November 25-26, 2002 Board Meeting <br />Shultz Farm Inc. - Hill Lake Rehabilitation <br /> <br />Introduction <br />Shultz Farm, Inc. is applying for a $400,000 Small Project Loan from the Construction Fund to <br />dredge out and rehabilitate the Hill Lake. The estimated total cost of the project is $445,000. <br />Please see the attached project summary and map. <br /> <br />Backaround <br />Shultz Farm, Inc. owns 2 farms in Weld County. The Hill Lake is on a 546-acre farm, purchased in <br />August 2000, and located about 8 miles northeast of Longmont. Water from the lake supplies a <br />sprinkler that irrigates approximately 200 acres. The Hill Lake has a decreed capacity of 135 acre- <br />feet, but has been silted in over the years so that its normal capacity is now about 65 acre-feet. <br />Shultz Farm wants to excavate the lake to regain lost capacity and increase the capacity beyond <br />the existing decree. The Lake will provide additional irrigation water during drought periods. <br /> <br />Feasibility Studies <br />Steve Shultz, President of Shultz Farms, has completed the feasibility study, using information <br />from Intermill Land Surveying, Inc. The study includes an assessment of the technical and <br />financial feasibility of the project. <br /> <br />Shultz Farm. Inc. <br />Shultz Farm, Inc. is a Colorado Corporation formed in 1973 and registered with the Secretary of <br />State. The purpose of the Corporation is to engage in farming, ranching and livestock feeding <br />operations, and other farming and ranching activities. The Corporation has the authority to buy <br />and sell farms, and to pledge or mortgage real estate as collateral for farm loans. <br />