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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Chapter 1- Introduction <br /> <br />The Seven Lakes Reservoir Company (SLRC) was officially established in 1900 to <br />acquire storage reservoirs and reservoir sites. Seven Lakes Reservoir Company <br />does not have a delivery system of its own and its water has always been delivered <br />through the canal system of the Greeley and Loveland Irrigation Company (GlIC). <br /> <br /> <br />The Seven Lakes Reservoir Company, along with the Greeley & Loveland Irrigation <br />Company, owns and operates an extensive system of reservoirs and canals that <br />provide for the irrigation of approximately 15,000 acres of agricultural lands in <br />Larimer and Weld Counties. The two companies have decreed direct flow and <br />storage rights on the Big Thompson River for a total of 1,455 cfs (999 cfs from the <br />Big Barnes Ditch and 456 cfs from the Greeley & Loveland Canal), the earliest <br />dating from 1865. Total storage rights for the two companies amount to 66,700 <br />acre-feet. <br /> <br />The Seven Lakes Reservoir Company facilities are located in Larimer County near <br />Loveland, Colorado. These facilities are operated in conjunction with the facilities <br />of the Greeley & Loveland Irrigation Company reservoirs and canal system. The <br />Seven Lakes Reservoir Company owns and controls five reservoirs: Horseshoe <br />Lake, WesterdollLake, Heinricy Lake, and Upper and Lower Hoffman lakes. The <br />Greeley & Loveland Irrigation Company owns and maintains two river diversions on <br />the Big Thompson River in addition to owning and controlling Lake Loveland, Boyd <br />Lake, and the Equalizer and Houts Lake Reservoirs as well as an extensive water <br />delivery canal used to provide water to stockholders. See the attached project <br />executive summary and location map (Figure 1-1). While SLRC has the <br />contractual obligation (by a 1905 agreement with the railroad) to sponsor the <br />project to rehabilitate the railroad crossing culvert structure, both SLRC and GLlC <br />will benefit from matching the capacity of the new culvert with the decreed direct <br />flow right of the Big Barnes Canal. <br /> <br />The Seven Lakes Reservoir Company is applying for a $772,840 loan to <br />rehabilitate the railroad crossing culvert structure in Dry Creek. The estimated total <br />11 <br />