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<br />ST A TE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br /> <br /> <br />(Revised) <br />Memorandum <br /> <br />Bill Owens <br />Governor <br /> <br />Russell George <br />Executive Director <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />~'" <br />} <br />Tim Feehan, P.E., Project Manag,S! - . <br />Mike Serlet, P.E., Chief, 1 <br />Water Supply Planniug ~~ce Se IOU <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />FROM: <br /> <br />DATE: September 1,2006 <br /> <br />SUBJECT: Consent Agenda, Item 2a, September 19-20, 2006, Board Meeting <br />Water Supply Planning and Finance - Revisions to Existing Loans <br />Beaver Reservoir Company - Reservoir Rehabilitation <br /> <br />INTRODUCTION <br />At the May, 2005 Board Meeting, the Board authorized staff to present revisions to existing <br />loans totaling less then 20% of the original loan as Consent Agenda Items. The Beaver <br />Reservoir Company loan increase presented below is less than 20%. <br /> <br />The Beaver Reservoir Company is requesting an increase of $25,250 to their November 2004 <br />authorization of$129,785, for the rehabilitation of Beaver Reservoir. The requested loan <br />increase is due to unforeseen cost overruns during construction and adverse weather conditions. <br /> <br />BACKGROUND <br />The Beaver Reservoir Company is located in Paonia, Colorado, 30 miles east of Delta, Colorado. <br />The Company consists of three shareholders and a total of 1,600 shares, with a service area of <br />3,400 acres. Beaver Reservoir is located 9 miles southeast ofPaonia on the East Fork of <br />Minnesota Creek, a tributary of the Gunnison River. The reservoir was constructed in 1958 and <br />has a capacity of 1,620 acre-feet, with a 113 feet high earthen dam that is 870 feet long. <br /> <br />The reservoir has had a history of sinkhole problems along the dam face which were corrected in <br />1995 by the installation of a liner. This project was funded by the Colorado Water Conservation <br />Board. The liner has performed well since 1995, but recently has developed erosion problems <br />along the lower portion of the liner. In addition, the outlet works have become unreliable, <br />requiring replacement. <br /> <br />1 <br />