15d_Directors Report

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

Terms of Loan: $4,454,100 @2.25 % for 30 yrs. Projec t Type: Reservoir Rehabilitation
The District is a statutory Irrigation District (1905) and owns and operates Empire Reservoir
located west of Fort Morgan in Weld and Morgan Counties. It is an off - stream reservoir
primarily impounded by four separate dams constructed in about 1905. Water is diverted from
the South Platte River through the E mpire Intake Ditch. The water storage rights are 37,709 acre -
feet and there is one refill right. The water storage at gage height (GH) 30.0 is 36,142 AF. The
reservoir has been re - restricted to a GH 29.0 by the SEO due to wind erosion problems along the
east embankment. The proposed project consists of repairing failed sections of parapet walls,
removing trees along the upstream toe of the dam, and adding additional riprap slope stabilization
along the East Dike Embankment . This will allow the reservoir to be filled to its full gage height.
The one - foot increase in storage height will result in 2,682 AF of recovered storage. The
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District has complete d the 1 phase of the East Dike, which involved the reconstruction of
approximately 8,500 feet of da m embankment. The remaining 4,000 feet of dike improvement
will be completed during the fall/winter of 2009 /2010 . Given the increased cost of fuel and
materials the loan contract was increased from $2,408,500 to $4,454,100 at the November 2008
Board Me eting.
13 . Lower Poudre Augmentation Company – Reservoir and Water Rights Purchase
Authorization: Severance Tax Fund County: Larimer/Weld
Water Source: South Platte Project Yield: 657 acre - feet
Terms of Loan: $3,104,053@2.50% for 30 yrs. Projec t Type: Reservoir & Water Rights
The Lower Poudre Augmentation Company (LPAC) is a non - profit company that was
incorporated in 2004, by the New Cache La Poudre Irrigating Company (2/3 interest) and the
Cache La Poudre Reservoir Company (1/3 interest. Th ere are 88 wells owned by 35
individuals/entities and the augmentation demands are approximately 3200 AF. The LPAC has
filed for a permanent Augmentation Plan, and has operated on a Substitute Water Supply Plan for
3 - 4 years. LPAC proposes to purchase t he Timnath F latiron Reservoir, and 4.5 shares of
Boxelder Ditch, and construct the necessary improvements to utilize the reservoir for
augmentation purposes. The reservoir currently has a storage capacity of approximately 657 AF,
with a depth of 12 - 15 fee t. The reservoir area was mined for sand and gravel and lined with clay
once mining was complete. The reservoir has received SEO certification as a lined gravel pit
storage facility. The Company has purchased the reservoir and water rights and is curre ntly
completing the design for the reservoir structural improvements.
14 . Bull Creek Reservoir Canal and Power Company – Reservoir Rehabilitation
Authorization: Severance Tax Fund County: Mesa
Water Source: Colorado River Project Yield: 900 acre - f eet
Terms of Loan: $ 1,212,000 @ 2.5% for 30 yrs. Project Type: Reservoir Rehabilitation
The Bull Creek Reservoir, Canal and Power Company are located in Mesa, Colorado, and have a
service area of approximately 800 acres. The Company operates the Bull Cree k Reservoirs that
provide irrigation water to shareholders. The Company plans to repair and enlarge Reservoir No.
4. This will remove the current restriction on the reservoir and provide additional storage
necessary to store the Company’s decreed rights. T he Company has a Stipulation and Agreement
with the SEO that requires the Company to repair Reservoir No. 4 in order to avoid abandonment
of a portion of the senior water rights. The Project is located on the US Forest Service property
and will require a S pecial Use Permit for access roadway work and dam construction. The