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District is anticipating securing federal funding in 2009/2010 , with design and construction to <br />follow. <br />4 . Penrose Water District – Water Rights Purchase and Pipeline Installation <br />Authorization: Severance Tax Fund County : Fremont <br />Water Source: Arkansas River Project Yield: 339 AF - Consumptive <br />Terms of Loan: $ 8,8 4 4,570 @ 3.25% for 3 0 yrs. Project Type: Pump/Pipeline/Reservoir <br />The PWD currently provides domestic water to approximately 4,000 people with 1,700 taps in <br />an d around the Town of Penrose, with existing demand of 489 acre - feet per year. PWD’s water <br />supply is obtained by a lease with the Beaver Park Water, Inc. (BPW) who owns and operates <br />Brush Hollow Reservoir. The 1990 lease has a 30 - year term, and provides an increasing amount <br />of water each year, 751 AF in 2006, leveling out at 1,000 AF in 2020. In drought years, the <br />amount available to PWD is further reduced below the contract amount. Future build - out demand <br />in 2040 is projected to be 1,200 acre - feet for about 8,000 residents and 3,240 taps. The proposed <br />th <br />Enterprise project includes the acquisition of 10/12 of the Pleasant Valley Ditch water rights <br />near Howard, with a change in use and change in point of diversion approximately 50 miles <br />downstream to Sec . 13, T19S, R69W. Water will be obtained through the installation of 7 <br />shallow alluvial wells immediately north of the Arkansas River, and then pumped approximately <br />5.8 miles through a 12 - inch transmission line to Brush Hollow Reservoir. As part of the project, <br />Brush Hollow Reservoir will be enlarged by raising the dam four feet . Water rights purchases <br />occurred in 2005. Water court application was filed in 2006, with a late 2008 court date <br />anticipated. Reservoir en largement is scheduled late 2008 a nd early 2009 . Pump and pipeline <br />constructi on is sch eduled to occur in 2010 and 2011 , with total projec t completion anticipated in <br />2012 . The District is currently working on obtaining an agreement between the District and <br />Beaver Park Water to allow the District to utilize Brush Hollow Reservoir for additi onal storage. <br />Additionally the District is looking a number of other potential distribution and storage <br />alternatives to meet their needs. The loan contract will not be executed until a firm distribut ion <br />and storage plan is in - place and approved by CWCB. <br />5 . Seven Lakes Reservoir Company – Reservoir Rehabilitation <br />Authorization: S everance Tax Fund County: Weld and Larimer <br />Water Source: South Platte Project Yield: 7,796 acre - feet <br />Terms of Loan: $ 772,842 @ 2. 9 5% for 30 yrs. Project Type: Reservoir Rehabilitation <br />The Seven Lakes Reservoir Company ( SLRC ) and its sister company Greeley and Loveland <br />Irrigation Company (GLIC), own and operate an extensive system of reservoirs and canals in the <br />Loveland and Greeley area. GLIC owns 4 reservoirs (including Lake Loveland and Boyd Lake) <br />and SLRC owns 5 reservoirs (including Horseshoe Lake, immediately adjacent to Boyd Lake.) . <br />SLRC uses GLIC’s Big Barnes Ditch to fill Horseshoe Reservoir. Water is ca rried in the Big <br />Barnes Ditch and discharges into Lake Loveland at a decreed rate of 1000 cfs . SLRC desires to <br />remove and replace an existing deteriorated 5 - tunnel railroad crossing structure with a new bridge <br />in order to safely move 1,000 cfs from the B ig Thompson River through Lake Loveland to <br />Horseshoe Reservoir, thus removing a serious bottleneck in the flow path of water. This project <br />will install a new pre - fabricated railroad bridge based on BNSF Railroad design requirements. <br />Construction will occ ur while the track remains in continuous service, with trains expected on a <br />frequency of one about every six hours. Bridge support pilings will be driven during the time <br />intervals when trains are not near the site, and pile caps constructed. Rails, ties and ballast can <br />then be removed and the prefabricated bridge installed . Work is ant ici pated to commence in the <br /> <br />