15d_Directors Report

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

Authorizati on: Severance Tax Fund County: Weld
Water Source: South Platte River Project Yield: 64,000 AF (200 new)
Terms of Loan: $2,838,100@2.5% for 3 0 yrs. Projec t Type: Spillway
The Riverside Reservoir and Land Company (Company) owns and operates the 64 ,000 acre - foot
capacity Riverside Dam and Reservoir, an inlet canal known as Riverside Ditch, and a river
diversion structure located near the town of Kersey, Colorado. The Company diverts water from
the South Platte River, approximately 10 miles downstre am of Greeley, Colorado. It stores water
primarily during winter months for irrigation releases during the following water season. The
Company, formed in 1902, delivers irrigation water to approximately 50,000 acres. The Company
is applying for a loan t o install a spillway at Riverside Reservoir (Reservoir). The Reservoir is not
equipped with an emergency spillway, which is required by the DWR's Rules and Regulations for
Dam Safety and Dam Construction . There is currently a nominal restriction of 0.05 feet (200 AF of
storage loss) due to the lack of a spillway. In order to enhance the safety of the Reservoir and
prevent further storage restrictions, the Company plans on constructing an emergency spillway.
The final design is expected to be complete in January 2010 with construction occurring from July
2010 through March 2011.
19. Huefano - Cucharas Irrigation Company – Cucharas Reservoir Rehabilitation
Authorization: Severance Tax Fund County: Peublo/Huerfano
Water Source : Cucharas River Project Yield: 7,500 AF (New)
Terms of Loan: $1,622,060 @2.5% for 3 0 yrs. Projec t Type: Reservoir Rehabilitation
The Huerfano - Cucharas Irrigation Company (Company) provides irrigation water to farmers in
the Arkansas valley. The Company was organized in 19 44 and currently has 47 shareholders. The
Company owns and operates the Cucharas Reservoir, located east of Walsenburg. The dam is a
145 - foot high rock fill dam that has undergone several enlargements since the original
construction in 1914. The reservoir has a capacity of 35,395 acre - feet. A storage restriction has
been in place since 1988 with a deadline of October 1, 2010, imposed by the SEO either to
rehabilitate the existing dam, replace it with a new dam or a zero no - storage restriction will be
impos ed followed by an order to breach the dam and remove the hazard it represents. The
Company plans to rehabilitate the existing dam to allow a reduced level (7,500 AF) of storage.
The Project involves lowering the spillway, replacing outlet gates, installin g a satellite monitoring
system, and updating a new Emergency Action Plan. Pending SEO plan approval, project
construction is expected to begin during the winter of 2009/2010.