12 ‎(3)‎

• Board Meeting Date: 1/22/2008
• Description: CF Section - Changes to Existing Loans - Beaver Reservoir Company - Beaver Reservoir Rehabilitation Project
• 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]
TO: Colorado Water Conservation Board Members
FROM: Tim Feehan, P.E., Project Manager
Mike Serlet, P.E., Chief,
Water Supply Planning and Finance Section
DATE: January 14, 2008
SUBJECT: Agenda Item 12, January 22-23, 2008 Board Meeting
Water Supply Planning and Finance -Revisions to Existing Loans
Beaver Reservoir Company -Beaver Reservoir Rehabilitation
Bill Ritter Jr.
Governor
Harris D. Sherman
DNR Executive
Director
Jennifer L. Gimbel
CWCB Director
Dan McAuliffe
CWCB Deputy
Director
Introduction
The Beaver Reservoir Company is requesting an increase of $355,000 to its September 2006
authorization of $155,035, for the rehabilitation of Beaver Reservoir. The requested loan increase is
due to unforeseen cost overruns during construction, resulting from the remote location and high
elevation of the reservoir, adverse weather conditions, dewatering, and design changes.
Background
The Beaver Reservoir Company is located in Paonia, Colorado, 30 miles east of Delta, Colorado.
The Company consists of three corporate shareholders and a total of 1,600 shares, with a service area
of 3,400 acres. Beaver Reservoir is located 9 miles southeast of Paonia on the East Fork of
Minnesota Creek, a tributary of the Gunnison River. The reservoir was constructed in 1958 and has
a capacity of 1,620 acre-feet, with a 113 foot high earthen dam that is 870 feet long.
The reservoir has had a history of sinkhole problems along the dam face that were corrected in 1995
by the installation of a PVC liner. That project was funded by the Colorado Water Conservation
Board. The PVC liner has performed well since 1995, but recently has developed erosion problems
along the lower portion of the liner. In addition, the outlet works has become unreliable, requiring
replacement.
The intent of the project, as approved by the Board in November 2004 for $129,785 and amended in
September 2006 for $155,035, vas to place additional fill material along the lower
section of the existing liner, to eliminate any future erosion in this area by regrading of the dam
face, and to replace the outlet works.
Farnsworth Construction commenced construction during the fall of 2005, at which time extensive
Water Supply Protection • Watershed Rrotection & Flood Mitigation • Stream & Lake Protection • Water Supply Planning & Finance
Water Consewation & llrought Planning • Intrastate Water Management & llevelopment