PUB00059

• Year: 1995
• Title: Construction Fund Annual Report 1995
• CWCB Section: Finance
• Author: CWCB
• Description: Construction Fund Annual Report 1995
• Publications - Doc Type: CF Annual Report

TABLE 4

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3.5 New Projects Recommended For Authorization

Pursuant to Section 37-60-122(1) (b), CRS, the Colorado Water Conservation Board has
recommended legislative authorization to provide loans totaling $5.9 million to fund eight water
development projects statewide in 1996. These projects are listed in Table 4 in priority order as
suggested by the Board. Each loan represents partial funding of the total cost of the projects.
Additional details about these recommended projects may be found in Appendix C.

Colorado Water Conservation Board
New Projects Recommended for Authorization in FY 95-96

Priority Borrower Project Loan ~
1. Wadley Farms Home Wadley Dams No.1, 2, & $ 500,000 30
Owners Association 3 Rehabilitation
2. Town of Lyons Diversion Dam Rehab. 280,500 20
and Pipeline
3. Town of Minturn Bolts Lake Dam Rehab. 360,000 30
4. Town of New Castle Raw Water Pipeline 266,500 30
5. Aristocrat Ranchettes Water Shares Purchase 600,000 30
6. Town of Georgetown Water Rights Purchase 206,500 30
7. City of Ft. Collins and Dry Creek Flood Control 600,000 30
Larimer County Project
8. Eagle Park Reservoir Co. Eagle Park Reservoir 3,125,000 30
Rehabilitation
TOTAL $ 5,938,500

The Board also recommended a $3,750,000 loan to the Lower Arkansas Water Management
Association (LA WMA). The loan is for the purchase of land and water, or the rights to such
water, to replace out-of-priority depletions to surface water rights and to prevent material
depletions of usable state line flows in violation of the Arkansas River Compact. Part of this loan
will be used to payoff a $750,000 bridge loan obtained from the Board's Arkansas River
Augmentation Loan Account.

CWCB Annual Report, page 18