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Platte Valley Irrigation Company Agenda Item 27c <br /> November 19-20, 2014 Board Meeting(Updated November 21,2014) <br /> Page 3 of 4 <br /> Water Rights <br /> The water rights of the Company include: <br /> TABLE 1: WATER RIGHTS <br /> Name Amount Appropriation Adjudication Water Court <br /> Date Date Case No. <br /> Evans No 2 Ditch 177.07 CFS 10/5/1871 4/28/1883 CA6009 <br /> Platte Valley Reservoir No 1 300 AF 10/29/2002 12/31/2002 02CW0236 <br /> (Conditional) <br /> Colorado-Big Thompson 3,088 Units - - - <br /> The Company does not have a water storage right for its direct flow irrigation water in Sand Hill Lake. <br /> However, pursuant to its agreements with both Northern and with the Lupton Meadows Ditch Company, <br /> the Company has the right to store up to 400 AF of C-BT water. <br /> Project Description <br /> The goal of this Project is to rehabilitate the Sand Hill Lake outlet and repair the dam section damaged <br /> from a sink hole so that the Company, the Lupton Meadows Ditch Company, and Northern Colorado <br /> Water Conservancy District can regain use of the reservoir prior to the 2014 irrigation season. <br /> Alternative 1 - Do Nothing: This alternative was considered unacceptable as it would result in the loss <br /> of the reservoir for all users. <br /> Alternative 2 - Complete Rebuild and Replacement: This alternative was considered unacceptable as <br /> the engineering and construction cost would prove prohibitive, especially with the high cost associated <br /> with new RCP pipe. Additionally, the anticipated timing delays due to a complete dam rebuild would <br /> likely have left the reservoir unusable during the 2014 irrigation season. <br /> Selected Alternative 3 - Rehabilitation: This alternative was selected because it was found to be cost <br /> effective, and most importantly, would allow for a May 30, 2014 Project completion date so the three <br /> separate entities that use Sand Hill Lake could regain its use during the irrigation season. This <br /> alternative rehabilitated the outlet works by relocating the slide gate into the reservoir to the front <br /> end of the outlet pipe and slip-lining the existing RCP outlet pipe. The existing outlet structure that <br /> housed the damaged headgate was demolished and the dam was built back up to SEO specifications. <br /> Due to the emergency nature of the Project, engineering and construction proceeded before a loan <br /> from CWCB could be obtained. The SEO's Dam Safety Branch oversaw the Project from the initial dam <br /> failure response to construction and has provided its construction inspection reports to CWCB staff. <br /> Actual construction costs to date are $809,600. Additional work prior to the 2015 irrigation season, <br /> such as re-seeding, is expected. The total Project cost is $820,000 as shown in Table 2. <br /> TABLE 2: CONSTRUCTION COST <br /> Task Cost <br /> Engineering $183,500 <br /> Construction $626,100 <br /> Contingency $10,400 <br /> Total $820,000 <br /> Schedule: Work was completed and the SEO issued a temporary approval to store water on May 31, <br /> 2014. The SEO provided its final acceptance of construction letter on July 14, 2014. <br /> Financial Analysis <br /> The Company qualifies for an agricultural interest rate of 2.0% for a 30-year term. The Company <br /> provided emergency funds from its capital improvements account which was created by the sate of <br />