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17 . Montezuma Valley Ir rigation Company – May Lateral Pipeline <br />Authorization: Severance Tax Fund County: Montezuma <br />Water Source: Dolores River Project Yield: 128,000 acre - feet <br />Terms of Loan: $5,292,400@2.25 % for 30 yrs. Projec t Type: Pipeline <br />The Montezuma Valley Irrigat ion C ompany is a non - profit corporation established in the State of <br />Color ado in 1920. The Com pany manages the delivery of irrigation water to the approximately <br />46,000 acre service area. The Company is proposing to install approximately five (5) miles of 36 - <br />inch pipe in the existing May Lateral Ditch alignment. The installation of pipe will improve <br />delivery and significantly reduce leakage. The May Lateral water is diverted from the Dolores <br />River and is routed through the McPhee Reservoir prior to delivery t o shareholders. The new <br />pipeline will carry approximately 18 cfs to the 105 shareholders that depend on the May Lateral <br />for irrigation water. AgriTech Consulting has provided planning and preliminary design services. <br />The Company h as completed the instal lation of the entire pipe along the 5 - mile project length. <br />Over the next several months the Company will be reclaiming the area (i..e final grading, slash <br />removal, fencing, seeding etc.). The Company may be request ing additional loan funds. <br />18 . Pl atte Valley Irrigation Company – New Equalizer Reservoir Project <br />Authorization: Severance Tax Fund County: Weld <br />Water Source: South Platte River Project Yield: 52,401 AF <br />Terms of Loan: $ 2,388,650 @ 2.25% for 2 0 yrs. Project Type: Reservoir Constructio n <br />PVIC is a Colorado mutual ditch company and non - profit corporation serving approximately <br />14,832 acres of irrigated farm land in Weld County east of Platteville. PVIC diverts water for <br />irrigation from the South Platte River near Fort Lupton and shares a jointly owned headgate with <br />Farmers Reservoir and Irrigation Company (FRICO), as well as about 10 miles of the jointly <br />owned Platte Valley Canal . Average annual diversions are 52,401 acre - feet. PVIC needs an <br />equalizer on the ditch to allow for more effi cient management of the water, as well as additional <br />measurement and control structures on their main ditch. The reservoir will have a junior water <br />right for storage of water directed to PVIC’s recharge program. In an average year the reservoir is <br />expecte d to store 300 acre feet, with a 300 acre feet refill. Construction will consist of a 431 <br />acre - foot reservoir with a 14 foot high dam embankment with 10:1 upstream slopes and 3:1 <br />downstream slopes. The reservoir bottom will be lined using clay from the r equired excavation <br />as necessary to exclude groundwater. The outlet will be a 48 inch RCP, configured to act as the <br />principal spillway. The project also includes relocation of an existing section of Evans No. 2 <br />Ditch below the split from the Platte Valley Canal, modification of the existing bifurcation <br />structure, and construction of three (3) new Parshall Flumes in various reaches of the ditch, as <br />directed by the Water Court. The project is being designed by Smith Geotechnical, Fort Collins, <br />Colorado, wi th construction anticipated to commence in October of 2009 . <br />19 . Greeley Irrigation Company – Greeley No. 3 Canal Rehabilitation <br />Authorization: Severance Tax Fund County: Weld <br />Water Source: South Platte Project Yield: 18,000 acre - feet <br /> <br />