Nov 2004 Deauthorizations

• Loan Projects - Doc Type: Default Information

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recommend that the Board extend the project time limit for one year. The staff will •
continue to review the project on an annual basis until a CWCB funding contract is fully
executed or the Board has recommended de-authorization to the Legislature.
Discussion
As of November of this year, there are four authorizations for funding that are three years or
more past the date of authorization and are not yet under contract. There is also one project that is
not past the three-year deadline, however the project sponsors are no longer interested in moving
forward with a loan from the CWCB. Staff has evaluated each of the authorizations and discussed the
status of the projects with the project sponsors and their consultants. The results of these evaluations
along with the staff recommendations relative to extending project time limits are summarized in the
following:
a. Pine River Irrigation District—Diversion Structure - The CWCB approved a Construction
Fund project loan of$341,000 to the District in 1997 for the construction of a diversion
structure on the Pine River downstream of Vallecito Reservoir. Due to unresolved planning
issues within La Plata County the project has been postponed indefinitely. The District has
requested de-authorization of this loan (attached letter). Staff recommends that the Board
consider de-authorization of this loan.
b. Riverside Reservoir and Land Company—Emergency Spillway Construction—The CWCB •
approved a Construction Fund project loan of $450,000 to the Company in 1998 for the
construction of an emergency spillway on the Riverside Reservoir Dam. The Company has
been unsuccessful in negotiating easements with adjacent landowners and feels that a re-
evaluation of the project is in order. They have therefore requested de-authorization of this
loan (attached letter). Staff recommends that the Board consider de-authorization of this
loan.
c. Colorado Water Protective and Development Association — Water Rights Purchase — The
CWCB approved a Severance Tax Trust Fund Perpetual Base Account project loan of
$205,000 to the Association in 2001 for the purchase of augmentation water from the
Bessemer Irrigating Company. The Association has experienced internal organizational
constraints that have been problematic relative to the loan contracting process. The
Association has therefore requested de-authorization of this loan (letter attached). Staff
recommends that the Board consider de-authorization of this loan.
d. Groundwater Appropriators of the South Platte — Sedgewick Augmentation Reservoir —
The CWCB approved a Construction Fund project loan of$1,700,000 to GASP in 1998
for the construction of a new reservoir in the lower South Platte. GASP is no longer
seeking funding for this project and has requested de-authorization of this loan (letter •
attached). Staff recommends that the Board consider de-authorization of this loan.
Flood Protection•Water Project Planning and Financing•Stream and Lake Protection
Water Supply Protection•Conservation Planning