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A D COLORADOo <br /> co - Consedrvattion Board Box Elder Water Rights Purchase <br /> Lower Poudre Augmentation Company <br /> Substantially Complete March 1, 2016 <br /> Morrison and Rigden Farm <br /> FORT Si <br /> COWNS r <br /> `J N7Qy�1ADt?R <br /> ,Fort Collins ° <br /> 82 <br /> tt <br /> Sorsetoort <br /> rti et ro,' \ <br /> Greeley No 2 Canal <br /> "a" ith Platte <br /> couIN`lo:£lANDrow Windsor t , E}E <br /> MRPORT <br /> Greeley <br /> 1 <br /> r <br /> Loveland-1 e.m.— <br /> fet <br /> Service Area <br /> Project Description <br /> The Lower Poudre Augmentation Company provides augmentation water for 62 irrigation wells in <br /> Larimer and Weld Counties owned by 28 individual owners. The wells provide irrigation water to 4,000 <br /> acres. The Company currently has in place a 1 AF of augmentation water per irrigated acre quota. <br /> The Company's augmentation plan was awarded a decree under consolidated Case No. <br /> 04CW025/06CW295 in January 2014. The Project purchased 0.5 Box Elder Ditch shares historically used <br /> on the Morrison Farm, and 1.5 Box Elder Ditch shares historically used on the Rigden Farm. The land <br /> historically irrigated by these shares is now the site of an active gravel pit and will become a lined <br /> reservoir at the conclusion of mining. Therefore, dry-up associated with the Subject Shares has already <br /> occurred. It is expected that while the Subject Shares are undergoing a change of use case in water <br /> court, that they will be available for use in the Company's augmentation plan as early as 2016 through <br /> a Substitute Water Supply Plan. <br /> PROJECT DATA <br /> Sponsor: Lower Poudre County: Larimer 8 Weld Water Source: Cache la Poudre <br /> Augmentation Company River <br /> Type of Project: Water Rights Purchase Board Approval Date: September 2015 <br /> Loan Terms: (Original) $454,500 ® 1.85% for 30 years (Final) $454,500 ® 1.85% for 30 years <br /> Design Engineer: Applegate Group, Inc. <br /> Contractor: NA <br /> Project Elements: Purchase of 0.5 Box Elder Ditch shares (Morrison Farm) and 1.5 Box Elder Ditch <br /> shares (Rigden Farm) <br /> Water Project Loan Program - Project Summary <br />