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Special Stockholders Meeting—May 23, 2017 <br /> o Lake Meredith — unlikely because when the Storage Canal is in priority <br /> Colorado Canal is already in priority for 756 cfs so there would be no <br /> diversion capacity. The same reasoning for Holbrook/Dye Reservoirs. <br /> o Pueblo Reservoir—must obtain excess capacity contract from USBR. The <br /> current charge is $40.04 per acre foot (USBR) plus $1.75 per acre foot <br /> (SECWCD). Expect 1.79% increase in 2018. Charge is for space of <br /> payment would be required whether or not water is stored. For 10,000 <br /> acre feet the annual charge works out to $418,000.00. Spill category 2— <br /> spills after the out of district user contracts spill (mostly Aurora) and <br /> before winter water. We would need a substitute water supply plan <br /> approved by the State Engineer. <br /> o John Martin Reservoir—Fort Lyon has an Article 3 account in JMR for up <br /> to 20,000 acre feet under the 1980 Resolution for an Operating Plan for <br /> John Martin Reservoir. Charge is 35% of the stored water. We cannot <br /> store water that otherwise would accrue to Conservation Storage. Use <br /> of the account in any other manner would require ARCA approval which <br /> is unlikely. <br /> • Colorado Springs,Aurora and CAA may have an interest in Arkansas basin storage <br /> if the dam is enlarged. <br /> The Credentials committee reported that there are 65,595.08 shares represented. A quorum is present. <br /> President Hemphill called for a motion to accept the Credentials report as read. Kim Siefkas made such <br /> motion,seconded by Fred Heckman. Motion carried by voice vote. <br /> Wesley Eck made a motion,seconded by Fred Heckman,to move ahead with the project on Adobe Creek <br /> Dam. The motion carried by voice vote. <br /> There was discussion as to whether the motion included the possible enlargement of Adobe Creek Dam. <br /> Wesley Eck and Fred Heckman rescinded their motion. A motion was then made by Lance Jagers, <br /> seconded by Burt Heckman to move ahead with the project, including as much enlargement to the dam <br /> as possible. The motion carried by voice vote. <br /> There being no further discussion the meeting adjourned at 2:45 p.m. <br /> Approved by the Board subject to motion and approval at the 2017 annual meeting. <br /> Minutes approved G/i / 7 <br /> 41, <br /> / r <br /> 'ale Mauch,Secretary Phil HempI/4 <br /> esident <br /> P3 212 <br />