15d_Directors Report

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

the Company, it evaluated a lternatives to both improve the safety conditions for its employees
and more efficiently operate the gate. The Company has chosen to replace the existing board
gates with a new radial gate. Construction is expected to occur in the fall of 2009.
10 . Sout h Metro Water Supply Authority – Raw Water Delivery
Authorization: Construction Fund County: Adams/Denver/etc.
Water Source: South Platte Project Yield: 10,750 acre - feet
Terms of Loan: $5,090,400 @ 4 .50% for 3 0 yrs. Projec t Type: Raw Water Delivery
S outh Metro Water Supply Authority (Authority) is made up of 13 independent water providers
that serve communities in the southern area of metro Denver. Currently, the Authority members
rely mainly on groundwater aquifers to supply the area’s M&I needs. Be cause this source is
nonrenewable, members have been working to identify new supplies of water and opportunities to
share resources and infrastructure to reduce dependence on groundwater. The Authority intends
to acquire capacity in the East Cherry Creek V alley Water and Sanitation District (ECCV)
Northern Supply Pipeline (Pipeline) as a means to convey renewable water supplies, recapture
consumable return flows, and increase operational flexibility. The Pipeline is a 48 - inch steel pipe
that runs from Barr Lake to ECCV’s service area (located to the east of Cherry Creek Reservoir).
The capacity is 47 million gallons/day (mgd). The Pipeline is a regional transmission line and
will deliver water both to storage reservoirs and directly to Authority members wh o will then
deliver the water through their distribution systems. The Authority is acquiring a total of 31.98
mgd of excess capacity from ECCV. The four members seeking funding from the CWCB will be
acquiring 6.55 mgd of this total capacity. Final purch ase and operating agreements are still under
negotiation. It is expected that the purchas e will take place in late summer/fall 2009.
11. Park Center Water District – Well Rehabilitation
Authorization: Severance Tax Fund County: Fremont
Water Source: A rkansas Project Yield: 400 acre - feet
Terms of Loan: $1,010,000@3.50% for 3 0 yrs. Projec t Type: Well Rehabilitation
Park Center Water District (District) is located in Fremont County on the north side of Canon
City. The District was formed in 1968 to supply drinking water to area residents. The primary
source of this water is a well owned by the Bureau of Land Management (BLM) and leased by
the District. The District has leased this well for forty years and has a first right of refusal to
renew the l ease when the current contract expires in 2021. In the spring of 2008, the 3,216 foot
deep well developed a leak. The BLM and District had a contractor inspect the well and it was
determined that leaks existed at 10 feet below the surface and at depths a s great as 2,400 feet. The
District decided the most cost effective solution is to re - drill the well. The District has secured
stimulus funding from BLM to re - drill the well, and therefore will not be utilizing CWCB loan
funds. The loan will be de - autho rized at the November 2009 Board Meeting.
12 . Louden Irrigating Canal and Reservoir Company – Reservoir Rehabilitation
Authorization: Severance Tax Fund County: Larimer
Water Source: Big Thompson River Project Yield: 150 acre - feet
Terms of Loan: $ 263,610@3.5% for 3 0 yrs. Projec t Type: Reservoir Rehabilitation