2005 Water Projects Bill Fact Sheet

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I I I I I I I I I I I I Water Project Construction Loan Program - Project Data Sheet Borrower: Well Augmentation Subdistrict of Central Colorado WCD County: Weld, Adams, & Morgan Project Name: Well Augmentation Project Project Type: Water Rights Purchase & Gravel Pit Storage Drainage Basin: South Platte Water Source: Varies Total Project Cost: $22,200,000 Funding Sources: CWCB, CCVVCD. WAS Aver, Delivery: 8066 acre-feet (consump.) Type of Borrower: Agricultural cwcs STTFPBA Loan: $20,000,000 Interest Rate: 2.50% Term: 30 years The Well Augmentation Subdistrict CNAS) of ~ Central Colorado Water Conservancy District was formed on January 2004 to provide an augmentation water program for junior well owners, located in Adams, Morgan and Weld counties. The Subdistrict occupies about 78 square miles, with large concentrations south of Greeley along US 85 to Brighton, southeast of Greeley extending to Keenesberg on 1-76, and north of 1- 76 between Wiggins and Fort Morgan. Currently there are 220 members covering 440 wells. Most of the wells were previously covered under the GASP (Groundwater Appropriators of the South Platte) augmentation plan. The WAS Subdistrict's 2004 Substitute Water Supply Plan was approved by the State Enginee(s Office (SEO) on April 29, 2004, and is valid until March 31. 2005. The WAS pennanent Augmentation Plan will go to Water Court in May 2006. In an average year the WAS Subdistrict will need to replace approximatelY 10,100 acre feet of depletions. Currently they have 153 acre feet available, so they need to acquire/develop 9,947 acre feet. The proposed project will provide a total of 8,066 acre feet (4,066 acre feet in water rights acquisitions and 4,000 acre feet in gravel pit storage. They will need to acquire the remaining 1,881 acre feet, at a later date, and lease ,that amount in the interim. Costs to purchase senior water rights are about $3,500 (consumptivey'per acre foot around Greeley, and $3,000 per acre foot around Fort Morgan, and the cost to develop lined gravel pit storage is $2500 per acre foot ~P~", . ' . "____'e , I WELD I ~ ~" ~ , "!- - ~ """... ~- ! . General Project Location RGAN '. - ! ~ -r--- \ l - '-~ . - . A ~ I t'~------'---(- I. :' I , -, "'-', ".... .,' Location Map