C150116 Deferal Approval Letter

• Contract/PO #: C150116
• Contractor Name: B.F. & M.E. Porter, LLLP
• Contract Type: Loan
• Water District: 45
• County: Garfield
• Loan Projects - Doc Type: Contract Documents

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STATE OF COLORADO
Colorado Water Conservation Board �LgCONSF�
Department of Natural Resources ov cot oy f
1313 Sherman Street,Room 721 to vd�t
Denver,Colorado 80203 - c CD
Phone:[phone]
Fax:[phone]
*1876*
www.cwcb.state.co.us '• /9 3, ' '
Bill Ritter,Jr.
TO: Colorado Water Conservation Board Mem•ers Governor
Harris D.Sherman
FROM: Tim Feehan, P.E., Project Manag- ,/ DNR Executive Director
Mike Serlet, P.E., Chief
Water Supply Planning an inance Section Jennifer L.Gimbel
pP Y g CWCB Director
DATE: January 14, 2008 Dan McAuliffe
� � CWCB B Deputy Director
SUBJECT: Agenda Item 10,January 22-23,2008 Board Meeting
Water Supply Planning and Finance Section—Loan Deferral Request
Bill Porter Reservoir—Reservoir Constructiqn Project
Introduction
Mrs.Marla Porter is requesting a loan payment deferral for Loan Contract No C150116 between
Bill Porter(her late husband) and CWCB,dated November 1,2002. By letter to Steven Biondo,
CWCB, dated December 28,2007(copy attached),Dan Kerst,P. C.,Personal Legal Representative
for the Estate of Bill Porter and for Marla Porter,has requested that the principal portion of the
January 2008 payment be deferred for one year and that the annual loan payment amount remain the
same for the remaining term of the loan.
Background
Bill Porter was a 19%owner in the 3,600 acre Alkali Creek Ranch, located in Garfield County.
Barton Porter Reservoir is located on the ranch, which allowed Mr. Porter to irrigate
approximately 900 acres. The reservoir is filled through ditch diversions from South Canyon,
Three Mile, and Garfield Creeks, which are tributaries to the Colorado River. Barton Porter
Reservoir was constructed in 1958, to a height of 43-feet, impounding 206 acre-feet.
At its September 2002 meeting, CWCB approved a$1,000,000 loan at 2.5% for 20 years to Bill
Porter for a$2,000,000 project to expand the capacity of the reservoir to 1,100 acre-feet,
requiring the reconstruction of both the east and west darns, with the west dam being at
maximum height of 83.5 feet. Reconstruction of the dam allowed him to utilize their full 1,000
acre-feet of conditional storage rights. Bill Porter completed the dam improvements in
November 2003, which was inspected and approved by the State Engineer's Office. The
reservoir was filled in spring 2004 and has been in operation for the past three irrigation seasons.
Water Supply Protection•Watershed Protection&Flood Mitigation•Stream&Lake Protection•Water Supply Planning&Finance
Water Conservation&Drought Planning•Intrastate Water Management&Development