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<br />~, , <br /> <br />~ <br /> <br />. <br /> <br />Colorado Water Conservation Board <br /> <br />Lake Loveland Project <br />GreeleY-Loveland Irrigation Company <br /> <br />February, 1988 <br /> <br />Introduction <br /> <br />The Greeley-Loveland Irrigation Company (Company) has <br />reguested that State Representative Tom Norton amend S.B. 30 to <br />authorize a loan of $250;000 from the CWCB Construction Fund to <br />help them rehabilitate the subject project. The company serves <br />about 300 irrigators and provides municipal supply [or the City <br />of Greeley. all in Larimer and Weld Counties. Loveland Lake is <br />located in the northwest part o[ the City o[ Loveland. <br /> <br />Problem <br /> <br />The outlet works [or Loveland Lake are installed in an <br />outlet tunnel along Colorado Avenue. This outlet tunnel is in <br />poor shape. Cavitation and progressive erosion downstream o[ <br />the outlet gates have created a large cavern. This warrants <br />rehabilitation o[ the tunnel and the outlet works in general. <br />It is also apparent that the present spillway need to be <br />enlarged to accommodate flood flows, as reguired by the State <br />Engineer's Office (SEO) dam safety regulations. <br /> <br />Because of the above deficiencies, the SEO has imposed <br />restriction of storage to 8 feet below the dam's crest and has <br />limited use of the outlet work. <br /> <br />Proposed proiect <br /> <br />The proposed project would involve stabilizing the outlet <br />tunnel and refurbishing the outlet work [or the system. No <br />remedy for the spillway is proposed at this time. Because no <br />feasibility study has yet been completed no detailed <br />information is available [or the proposed project. <br /> <br />Proposed Financinq <br /> <br />Greeley-Loveland <br />Irrigation Company <br />CWCB loan <br />at 5 percent interest <br />Total <br /> <br />$250.000 <br /> <br />250,000 <br />$500,000 <br /> <br />Under the proposed financing arrangement the company would <br />have to pay CWCB $l4.570 per year [or 40 years for a total <br />repayment of $582,800. The $14.570 per year would be raised by <br />the company through annual assessment o[ the irrigators and <br />also from the City of Greeley. <br /> <br />6104E <br />