C150366 Approval Letter - Laserfiche WebLink

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Town of W40.'13 Agenda Item 30a September (Updated September 30, 2013) Page 4 of 5 2 Canal d delivers irrigation water to lands that extend from the Windsor & Timnath areas east to the Barn sville area. Purchased shares will be changed through water court to allow for storage and augment tion use year - round. New Cache shares are currently being changed by several entities and the To expects to be successful in a future change case using these existing decrees as a template For budgetary purposes the Town has estimated cost of these shares to be $6,000 per acre - foot of c nsumptive use credit. The Town must submit a written appraisal or opinion of value from a qualifi d water rights appraiser supporting the actual purchase price prior to disbursal of loan funds. New C he shares could be delivered to Kyger Reservoir directly from the Greeley No. 2 Ditch from a re- existing headgate and lateral that runs to the northwest corner of the Kyger property. The rehabili ation and expansion of this headgate and lateral are included in the reservoir infrastructure improv ments cost estimate. Selecte Supply Alternative B — Box Elder Ditch Company: Box Elder has direct flow rights for diversi ns from the Cache la Poudre River through the Box Elder Ditch and delivers irrigation water t lands east of Fort Collins down to Windsor. Box Elder crosses under the Cache la Poudre River d historically served the Three Bells property northwest of Kyger Reservoir. Purchased shares ill be changed through water court to allow for storage and augmentation use year - round. Nume us Box Elder shares have undergone numerous change cases and the Town expects to be succes ful in a future change case using previous accepted standards. For budgetary purposes the Town as estimated cost of these shares to be $6,000 per acre -foot of consumptive use credit. The Town ust submit a written appraisal or opinion of value from a qualified water rights appraiser suppo ing the actual purchase price prior to disbursal of loan funds. Box der shares could be delivered to Kyger Reservoir by running the shares into the existing latera off the Greeley No. 2 Canal. This is the same lateral previously identified to be rehabilitated. Cost stimate A s ary of the estimated Project cost is shown in the Table 4. TABLE 4: TOTAL PROJECT COST SUMMARY Task Cost Reservoir Purchase $ 2,750,000 Reservoir Infrastructure Engineering $ 200,000 Reservoir Infrastructure Permitting $ 250,000 Reservoir Infrastructure Construction $ 1,750,000 Reservoir Infrastructure Contingency $ 300,000 Water Rights Purchase $ 1,050,000 Total $ 6,300,000 Sc h dule: The Town anticipates purchasing Kyger Reservoir in December 2013, with the start of res oir infrastructure construction occurring in August 2014. Completion of reservoir im ovements is estimated to occur by early 2015. To ensure the Project remains on budget, the To plans to purchase the water rights only after the reservoir is purchased and the infrastructure im rovements design is finalized.