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C150279 Amendment Approval Letter
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C150279 Amendment Approval Letter
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Last modified
3/27/2014 9:55:55 AM
Creation date
1/29/2014 11:49:08 AM
Metadata
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Template:
Loan Projects
Contract/PO #
C150279
Contractor Name
Boulder and White Rock Ditch & Reservoir Company
Contract Type
Loan
Water District
0
County
Boulder
Loan Projects - Doc Type
Approval Letter
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Background <br /> The Company delivers water to 5,685 acres of irrigated land in Boulder and Weld Counties. It <br /> diverts approximately 12,000 AF of irrigation water from Boulder Creek in downtown Boulder <br /> through the Boulder White Rock Ditch and stores it in Six Mile Reservoir and Panama <br /> Reservoir. <br /> Historically,the Company has exchanged water with nearby ditch users. The exchanges allow <br /> the Company to use water between its headgate on Boulder Creek and Panama Reservoir. Due to <br /> residential and commercial developments in areas serviced by the nearby ditches,these lands are <br /> no longer being irrigated and the exchange water is no longer available to Company users. <br /> Without the capability to exchange water,the Company needs to better utilize its own system to <br /> meet its shareholders' needs. <br /> Currently, the Company releases water through a gravity outlet on the northeast side of the <br /> Panama Reservoir. At full capacity or gauge height 39.5, Panama Reservoir can store 4,200 AF. <br /> The Company is only able to release 1,600 AF of the reservoir's storage, given the elevation <br /> restriction at the outlet. The elevation of the outlet is at gauge height 34.5,which leaves <br /> approximately 2,600 AF of dead pool in the reservoir. <br /> Without the water exchanges and lack of access to the 2,600 AF in Panama Reservoir, the <br /> Company is unable to meet its shareholders' demands. In November 2008,the Company <br /> received approval for a$2,430,060 CWCB loan to construct a pumping station in Panama <br /> Reservoir, thereby allowing access to the 2,600 AF dead pool. <br /> The Company has received bids to construct the Project,which was awarded to Krische <br /> Construction, Longmont, Colorado at a bid price of 2,189,530. In addition to the construction <br /> costs, there is approximately$960,000 in costs associated with engineering, construction <br /> administration,pumps,power supply, easements, and project management, for a revised total <br /> project cost of$3,151,000. This revised total project cost is approximately$478,000 more than <br /> the original estimated project cost of$2,673,000. <br /> Discussion <br /> Ed Toms, P.E., URS Corporation(URS), prepared the original Loan Feasibility Study for the <br /> project, entitled"Panama Reservoir Outlet Project, October 2008." The study was prepared in <br /> accordance with the CWCB guidelines and included preliminary engineering design and cost <br /> estimates. Dan Grant, Secretary/Treasurer of the Company, also provided assistance with the <br /> Feasibility Study. <br /> A comparison of the actual total cost of the project with that original feasibility estimate is <br /> summarized in Table 1. <br /> 2 <br />
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