CWCB Annual Report December 1995

• Year: 1995
• Title: Annual Report to the 60th Colorado General Assembly Second Regular Session
• CWCB Section: Agency-wide
• Publications - Doc Type: CF Annual Report

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3.5 New Projects Recommended For Authorization
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Pursuant to Section 37-60-122(1) (b), CRS, the Colorado Water Conservation Board has
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recommended legislative authorization to provide loans totaling $5.9 million to fund eight water
development projects statewide in 1996. Theses projects are listed in Table 4 in priority order as
suggested by the Board. Each loan represents partial funding of the total cost of the projects. ,
Additional details about these recommended projects may be found in Appendix C.
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TABLE 4
Colorado Water Conservation Board I
New Projects Recommended for Authorization in FY 95-96
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Priority Borrower Project Loan Years
1. Wadley Farms Home Wadley Dams No. 1, 2, & $ 500,000 30
Owners Association 3 Rehabilitation
2. Town of Lyons Diversion Dam Rehab. 280,500 20 1
and Pipeline
3. Town of Minturn Bolts Lake Dam Rehab. 360,000 30
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4. Town of New Castle Raw Water Pipeline 266,500 30
5. Aristocrat Ranchettes Water Shares Purchase 600,000 30 1
6. Town of Georgetown Water Rights Purchase 206,500 30
7. City of Ft. Collins and Dry Creek Flood Control 600,000 30
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Larimer County Project
8. Eagle Park Reservoir Co. Eagle Park Reservoir 3,125,000 30 I
Rehabilitation
TOTAL $ 5,938,500
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The Board also recommended a $3,750,000 loan to the Lower Arkansas Water Management I
Association (LAWMA). The loan is for the purchase of land and water, or the rights to such
water, to replace out-of-priority depletions to surface water rights and to prevent material I
depletions of usable state line flows in violation of the Arkansas River Compact. Part of this loan _
will be used to pay off a $750,000 bridge loan obtained from the Board's Arkansas River
Augmentation Loan Account. I
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CWCB Annual Report, page 18