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<br />Wadley Farms Homeowners Association - Wadley Dams No.1, 2 & 3 Rehabilitation <br /> <br />The project includes rehabilitation of three reservoirs owned by the Homeowners Association <br />(HOA) which are currently under storage restriction by the State Engineer. These reservoirs <br />originally had a combined capacity of about 200 acre-feet, but are currently restricted to a total <br />capacity of about 75 acre-feet. Once rehabilitated, the reservoirs will have a total capacity of about <br />150 acre-feet. The HOA uses the water for landscape irrigation and for watering of individual lots. <br />Rehabilitation of these reservoirs will allow the HOA to put their water to beneficial use for outside <br />irrigation. <br /> <br />A Reconnaissance Level Engineering Study has been completed by Rocky Mountain Consultants. <br />The HOA is currently working with Hadley & Hollingsworth, Engineers, to complete the feasibility <br />study and preliminary design work. The approximate cost per acre foot of storage reclaimed is <br />$9,000/AF. <br /> <br />The Wadley Farms subdivision is located in unincorporated Adams county, north of Thomton and <br />Northglen, and South of Brighton. The Wadley Farms, Filing 3, HOA is a Non-Profit Corporation <br />in Colorado, and has the power to assess its membership for capital improvements. It is 98% built- <br />out at this time with 100 homes. The annual payment on a $500K CWCB loan would be <br />approximately $32,500, or $325 per household per year, or $27 per month. <br /> <br />The HOA has recently voted to proceed with the formation of the "Wadley Farms Special District" <br />in 1996 to complete the rehabilitation project. The special district would also have taxing authority <br />for repayment of the CWCB loan, <br />