CT2015-171 Feasibilty Study

• Contract/PO #: Ct2015-171
• Contractor Name: The Lower Poudre Augmentation Company
• Contract Type: Loan
• Loan Projects - Doc Type: Feasibility Study

Feasibility of the
Lower Poudre Augmentation Company
Water Rights Purchase
Project Purpose
The purpose of the proposed project is to purchase 34.5 available shares of capital
stock of the New Cache La Poudre Irrigating Company and 4.0 shares of stock in the
Cache La Poudre Reservoir Company to be used in the augmentation plan of the
Lower Poudre Augmentation Company as a water source. By acquiring the subject
shares, the Lower Poudre Augmentation Company will be able to continue to provide
a suitable water supply replacing post pumping depletions for the wells in the
augmentation plan. Because the subject shares are currently leased, purchase of the
shares will help ensure a permanent and un-interruptible supply of water available for
augmentation.
Project Owner
The Lower Poudre Augmentation Company is a non-profit augmentation company
that was incorporated in December of 2004. The New Cache La Poudre Reservoir
Company and the New Cache La Poudre Irrigating Company are members of the
Lower Poudre Augmentation Company.
The Company was created to provide for augmentation of depletions due to pumping
of 61i irrigation wells included within the New Cache La Poudre Irrigating Company
and the Larimer and Weld Irrigation Company service areas. There are 21 well
owners within the system. Company revenue is derived from assessing the well
owners and is based on the amount of depletions per well. The 2015 assessment
total was set at$162,174, or approximately $2600 per well. The financial statements
for the past three years hve been provided as a part of the application.
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Project Service Area
The Lower Poudre Augmentation Company is comprised of well owners throughout
the service area of New Cache La Poudre Irrigating Company and the Larimer and
Weld Irrigation Company Service Area. A map depicting the location of the wells is
attached as Appendix A.
LPAC Operations , N
Under the decree in Case No. 04CW025/06CW295, LPAC is required to augment
out-of-priority pumping depletions associated with pumping of the member irrigation
wells. Approximately 1800 acre feet of augmentation water was required in 2014.
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