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SECTIONTHREE Background Information <br />3.1 STUDY AREA AND EXISTING FACILITIES DESCRIPTION <br />3.1.1 Project Service Area <br />The service area for the Company includes approximately 5,685 acres of irrigated farm land in <br />Boulder County and Weld County, Colorado. Panama Reservoir is located in Boulder County to <br />the east of the intersection of US 287 and CO 52 and approximately 2 miles south of Longmont, <br />Colorado. <br />3.2 WATER DEMANDS AND YIELD ANALYSIS <br />3.2.1 Water Demands <br />The purpose of this project is strictly limited in scope to the construction of the new raw water <br />pump station to better service the Company's present shareholders. No new downstream stream <br />deletions will occur due to the proposed project. No additional water supplies will be developed <br />in connection with the project. No new or increased diversions will be made and no additional <br />storage capacity will be created at the Panama Reservoir. This project will not increase the <br />Company's irrigation water supply but will only give flexibility to utilize their present water <br />supply. <br />3.2.2 Water Rights <br />The Company has three types of decrees that it uses to supply water to their shareholders. They <br />are direct flow decree, storage decree, and an exchange arrangement. <br />Direct Flow Decree <br />Amount <br />(cfs) Adjudication Date Appropriation Date Source <br />135 June 2, 1882 November 1, 1873 Boulder Creek <br />26 May 3, 1892 December 1, 1873 Goose Creek <br />~S 3-1 <br />