11d

• Board Meeting Date: 1/22/2008
• Description: CF Section – Construction Fund and Severance Tax Trust Fund Perpetual Base Account – New Loans - Republican River Water Conservation District - Republican River Compact Compliance Pipeline Project
• Board Meetings - Doc Type: Memo

the
features:

n evaluating the SP Resources proposal I believe
benefits and costs of the RRWCD Compact

it is important to compare the project to
Compliance Pipeline which has the following

RRWCD Compact Compliance Pipeline

There is apparently a phase of the project that would deliver water to the upper
reaches of the Frenchman Creek drainage for recharge to the High Plains aquifer.

4

The project is represented to cost a total of $101
or approximately $10,100 per ac-ft. The pipeline
months.

million for the delivery of 10,000 ac-ft
could be completed within 18

3.

The construction of a 54 mile pipeline from the South Platt
Chief Creek near the town of Eckley about 20 miles west v
pipeline would be approximately 55 miles long and would cost
million. The cost per mile of pipeline would be $750,000 per mile.

approximately $41

to the upper reaches of
^f the Stateline. The 24"

2

The sale of approximately 10,000 ac-ftIyear of fully consumable water for $60 million
The source of the water would be from water historically diverted from the South Platte
River by the Farmers Pawnee Canal and the Harmony Ditch The unit cost of this
water is $6,000 per ac-ft.

1

n summary

South Platte Resources Proposal

the SP Resources proposal consists of the following

As you requested, this memorandum is my preliminary review of the report prepared by
Mr. Timothy R. Buchanan for South Platte Resources, LLC entitled "High Plains Aquifer and
Republican River Basin Water Supply" dated January 5, 2008 ("SP Resources"). My review
also considered the presentation by Tim Buchanan at the Republican River Water Conservation
District (RRWCD) board meeting on January 10, 2008 and discussions with the RRWCD Board
at the January 10, 2008 meeting

January 21

Preliminary Review of South Platte Resources,
Republican River Basin Water Supply"

Date
Subject:

James E. Slattery
2008

LLC Report "High Plains Aquifer and

From

Republican River Water Conservation District Board of Directors
Dennis M. Montgomery - Hill & Robbins, P.C.
David W. Robbins - Hill & Robbins, P.C.

To

..... ~..

8357 Wlndhaven Drive, Parker,

lid

),

co 80134

Office: [phone]

Fax: (303)

840-2575

emall: SlatteryAquaEnglneerlng@comcastnet