15d_Directors Report

• Board Meeting Date: 7/21/2009
• Description: Directors' Report - CWCB Director
• Board Meetings - Doc Type: Memo

Projects under Construction
1. Grand Mesa Reservoir Company – Rehabilitation of Reservoir No. 1 and No. 9
Authorization: Construction Fund County: Mesa
Water Source: Gunnison Project Yield: 1,000 Acre - Feet
Terms of Loan: $200,000@ 2.4% for 20 - years Project Type: Reservoir Rehabilitation
The Grand Mesa Reservoir Company operates 6 reservoirs on the Grand Mesa to supply water to
16 shareholders for the irrigation of 500 acres. This project involves the replacement of the
outlet structu res at each reservoir and also addresses seepage problems at each facility. The
project was designed by the City of Grand Junction, one of the major shareholders, and is
currently being constructed by the City of Grand Junction. The outlet structures ha ve been
installed and the seepage problem corrected at both reservoir locations. The City of Grand
Junction is draining the two reservoirs to install the new outlet gates. The p roject has been on
hold pending resolution of construction and water rights issues between the City and the
Company. These issue s have recently been resolved, with the final phase of the project
scheduled to commence constr uction during the summer of 2009 .
2 . New Cache La Poudre Irrigation Company – Reservoir Construction
A uthorization: Construction Fund County: Weld
Water Source: South Platte Project Yield: 4,500 acre - feet
Terms of Loan: $7,200,000 @ 2.50% for 30 - years Project Type: New Reservoir
The New Cache La Poudre Irrigation Company currently provides irrigati on water to a 35,000 -
acre service area. The purpose of this project is to provide water storage to equalize ditch flows,
to improve efficiency and the reliability of the Company’s system, and for providing additional
storage to meet future demands. The project will involve the construction of 3 separate
reservoirs near the Town of Barnesville, Colorado, totaling 4,500 acre - feet of storage.
Additionally, 8,200 linear feet of pipeline will be installed in construction with the reservoirs.
Smith Geotechn ical, Fort Collins, Colorado is the project designer. The Barnesville Reservoir
project was awarded to Barker Construction, Fort Collins, Colorado and has been completed.
The pump station from Barnesville Re servoir to Cornish Reservoir has been complet ed as well.
The design for Cornish Reservoir has been completed and has been awarded to Barker
Construction, Fort Collins, Colorado for construction. T he C ontractor has completed the work
and is waiting on final SEO approval. The Company requested tha t CWCB’s cost participation
be changed from 75% to 89% to allow the full $7,200,000 of loan funds to be relea sed, which
was approved at the September 2007 Board Meeting. The project will remain open until the l and
purchased to construct Cornish Reservoir is paid off in 2011.
3 . Orphan Wells of Wiggins – Augmentation Project
Authorization: Construction Fund County: Morgan
Water Source: South Platte Basin Project Yield: 6,000 acre - feet
Terms of Loan: $1,037,700 @ 2.5% for 30 - years Project Type: Wel l Augmentation
The Orphan Wells of Wiggins is a new company comprised of 31 separate agricultural operators that
own 45 wells which irrigated approximately 4 , 500 acres of farmland. This project involves the
construction of 1 recharge well, 1 augmentation well, various pipeline, and 23 recharge ponds. The
project will generate augmentation credits to cover the depletions for the 45 existing wells. The