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<br />) <br /> <br />'""'I <br /> <br />. LONE TREE RESERVOIR <br />PROPOSED PROJECT <br /> <br />PROJECT, Continued <br /> <br />In order to get the storage restriction on the Lone Tree Reservoir <br /> <br />lifted, the Consolidated Home Supply Ditch and Reservoir Company has <br /> <br />determined, through its consulting engineer, Mr. Ken Dickey of Loveland, <br /> <br />Colorado, that several items of work will be required. These are <br /> <br />specifically: Installing a reinforced concrete cut-off trench in the <br /> <br />dam spillway, installing an outlet works gate house, drilling seepage <br /> <br />monitoring holes and installing required measuring devices, upgrading <br /> <br />the outlet and replacing the masonry outlet tunnel with a five-foot <br /> <br />diameter reinforced concrete pipe. The estimated cost of this work is <br /> <br />$100,000. <br />RECOMMENDATION <br /> <br />The Consolidated Home Supply Ditch and Reservoir Company has been <br /> <br />hard hit financially for repairs on the Lone Tree Reservoir and Dam in <br /> <br />the recent past and the latest inspection by Bovay Engineers, Inc., has <br /> <br />revealed that even more work is required than previously thought. The <br /> <br />company has some funding available for the work, but it needs financial <br /> <br />assistance from the CWCB to accomplish the work next year. By doing <br /> <br />this, the company can get the storage restriction lifted on the reser- <br /> <br />voir and this will benefit all shareholders by having more water avail- <br /> <br />able for irrigation. <br /> <br />. <br /> <br />The proposed financing for the project is as follo"\ols: <br /> <br />-3- <br />