15d_Directors Report

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

The Louden Irrigating Canal and Reservoir Company (Borrower) owns and operates the Rist
Benson Reservoir (Reservoir), which is on the west side of Loveland, Colorado. Since 2005, the
Reserv oir has been restricted to a gauge height of 10.0 feet due to seepage problems along the
dam. The Borrower has repaired two sections of the embankment in previous years. This Project
is the third phase of repairs and once completed will increase storage b y 150 AF allowing for full
storage of 491 AF. The rehabilitation involves excavating and re - compacting sections of the
embankment, installation of a toe drain, and installing riprap on the upstream face of the dam.
Construction is expected to begin in Aug ust of 2009 w i th completion by the end of the year.
13. Town of Gypsum – LEDE Ditch and Reservoir Rehabilitation
Authorization: Construction Fund County: Eagle
Water Source: Colorado River Project Yield: 685 acre - feet (254 new)
Terms of Loan: $2,68 9,731@4.5% for 3 0 yrs. Projec t Type: Reservoir Rehabilitation
The Town of Gypsum purchased the LEDE Ditch and LEDE Reservoir water rights in 2006. The
original water rights are decreed for irrigation uses, and provide storage for up to 947 AF in the
reser voir. The Reservoir was built to a capacity of 431 AF. The Town seeks to increase capacity
to 685 AF in order to accommodate continued agricultural irrigation, and for future water
supplies to the Town. This upstream storage is required to assist in managi ng Gypsum Creek
water rights calls and dry year operations. The reservoir storage will become even more important
as the Town’s population continues to increase. The Town wishes to repair and improve the
reservoir to utilize its potential, and to protect v aluable senior storage rights in the reservoir. The
reservoir is located in the headwaters of Gypsum Creek, south of Gypsum within the White River
National Forest. Design and permitting is expected to occur in 2009/2010 with pipeline
construction starting in late 2009 and dam construction starting in 2011.
14. Town of Dillon – Old Dillon Reservoir Enlargement
Authorization: Construction Fund County: Summit
Water Source: Salt Lick Gulch Project Yield: 286 acre - feet (140 new)
Terms of Loan: $1,515,0 00@4.0% for 3 0 yrs. Projec t Type: Reservoir Enlargement
The Town of Dillon is applying for a loan to participate in the enlargement of the Old Dillon
Reservoir. In 2004, the Town, Summit County and Town of Silverthorne signed an agreement to
enlarge th e reservoir. The Town’s participation cost is approximately 27% of the construction
costs and 20% of the Engineering costs. The Town and the County initiated a feasibility study in
1995. The Reservoir was originally constructed as a 46 AF raw water storage reservoir filled via
the Dillon Ditch, which diverts from Salt Lick Gulch. The Reservoir site is southwest of the
Dillon Reservoir Dam. In the summer of 2008, the SEO issued an order to drain the Reservoir
due to concerns over the integrity of the north d am. The Reservoir is currently not available for
storage. The project will increase the reservoir capacity from 46 to 286 acre - feet. Permitting is
underway and construction of the enlargement is scheduled to occur in 2010.
15 . Joseph W. Bowles Reservoi r Company – Bowles No. 1 Dam Rehabilitation
Authorization: Co nstruction Fund County: Jefferson
Water Source: Bear Creek Project Yield: 2,062 acre - feet
Terms of Loan: $1,703,870@4.65% for 3 0 yrs. Projec t Type: Reservoir Rehabilitation