19A

• Board Meeting Date: 9/18/2007
• Description: CF Section - Revisions to Existing Loans - New Cache La Poudre Irrigation Company - New Reservoir Construction
• Board Meetings - Doc Type: Memo

STATE OF COLORADO

Colorado Water Conservation Board

Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]

Memorandum

Bill Ritter J r.
Governor

Harris Sherman

Executive Director

TO:

Colorado Water Conservation Board Members

Dan McAullife
Acting CWCB
Director

FROM:

Tim Feehan, P.E., Project Manager
Mike Serlet, P.E., Chief,
Water Supply Planning and Finance Section

DATE:

September 4,2007

SUBJECT:

Agenda Item 19a, September 18-19,2007, Board Meeting
Water Supply Planning and Finance - Revisions to Existing Loans
New Cache La Poudre Irrigation Company - New Reservoir Construction

INTRODUCTION

The New Cache La Poudre Irrigation Company (NCLPIC) is requesting that the Colorado
Conservation Board (CWCB) change their cost participation from 75%, approved in November
of 2003, to 89%, while not increasing the approved total loan amount of $7,200,000. The 14%
increase in cost participation by CWCB will allow the company to borrow loans funds for land
acquisition associated with the constmction of Cornish Reservoir.

BACKGROUND

The Company currently provides irrigation water to service approximately 35,000 acres
in Larimer and Weld counties. The service area is located immediately north of the Cache La
Poudre and South Platte rivers between Windsor and Barnesville. Water is diverted from the
Cache La Poudre River by the New Cache Diversion Structure located near Timnath to feed the
Greeley NO.2 Ditch. The canal system consists of approximately 50 miles of ditch extending
from the river to approximately 11 miles east of Highway 85. All of the water rights that feed
the canal system are owned and managed by the NCLPIC; however the canal system itself is
owned and managed by three separate companies. The NCLPIC owns and manages
approximately 25 miles of ditch from Timnath to a location several miles east of Highway 85.
At this point the ditch forks, with the New Cache ditch heading south and the North Side Lateral
heading east. The North Side Lateral Company owns and manages approximately 12 miles of
ditch extending to near Gill, with the easternmost 11 miles of ditch owned and managed by the
North Side Extension Company.

1