PROJ01965 ‎(2)‎

• Contract/PO #: C150061
• Contractor Name: Colorado Water Protective and Development Association
• Contract Type: Loan
• Water District: 0
• Bill Number: SB 01-157
• Loan Projects - Doc Type: Approval Letter

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STATE ()F COLJORADO

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Colorado Water Conservation Board

Department of Natural Resources

1 J 13 SIlC'rm.m Street, RllOfT1 721
Denver, Color,lclo a02(U
Phone: (:l03l 86h-3441
FAX: U03i 866-4474
www.cw(:b.state.co.us

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MEMORANDUM

r."'g l. W,1I<.I,,',
E~t'rllliv(' Director

TO:

Colorado Water Conservation Board Members

J.:od KlIh.lril.h
(W(:1l Dirt'ctt If

FROM:

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Bill Green, P.E., Water Supply Planning and Finance Section 13 6- Dt'I"'" Din'elm
Mike Serlet, P.E., Chief, Water Supply Planning and Finance Secti01l!J

January 19, 2001

DATE:

RE:

Agenda Item No. 11 c. - Water Supply Planning and Finance -
Severance Tax Trust Fund Perpetual Base Account New Loans -
Colorado Water Protective and Development Association - Purchase
of Water Rights

Introduction

The Colorado Water Protective and Development Association (CWPDA) of La Junta is
requesting a loan of $205,000 from the Severance Tax Trust Fund Perpetual Base
Account to refinance the purchase of shares in the Bessemer Irrigating Ditch Company
(Bessemer). The Bessemer shares will be used to offset depletions from 16 wells that will
be included in a Substitute Water Supply Plan. Please see the attached Project Summary
and map.

Project Sponsor

CWPDA is a non-profit Colorado corporation whose primary purpose is to assist
members in complying with the rules that govem groundwater pumping in the Arkansas
Basin. Membership in CWPDA consists of the owners of 819 wells located in several
counties from Leadville to John Martin Reservoir. Total depletions form all CWPDA
member wells amounted to about 18,000 acre-feet in 2000.

CWPDA owns about 200 acre-feet of water but is intending to begin a program of
acquiring more replacement water for well depletions in the future. At present, most of
the water that CWPDA uses for replacement is from the Fryingpan-Arkansas Project and
Fry-Ark retum flows as well as leased water.

Flood I'rot,'ctit)l1 . Water Project Planning and Fin.1ncing' Slre,llll .H1dl.,lkl' I'rol('I lion
Wal~'r Supply Protectinn . Con,erval;()n Pl.lnl1in~