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4 S1Tomherger T J1nd and (;attJe (;ompany T T (; - A 11gJ11entation R ediarge Authorization: $414,000 Water Source: South Platte Basin Terms of Loan: $414,000 @2.50% for 20-years . County: Logan Project Yield: 5,000 acre-feet Project Type: Well Augmentation The Stromberger Land and Cattle Company operates a family ranch located 15 miles south of Sterling, Colorado. The ranch currently operates 12 wells that are augmented under the Groundwater Appropriators of the South Platte (GASP). GASP operates on a year-to-year basis with no guarantee of continued coverage. The current drought conditions have brought to the foreground the difficulty of providing augmentation for well users. The Stromberger's project will provide its own augmentation water to protect itself against possible curtailment by GASP. Construction activities include drilling 6 wells to pump water to a series of constructed recharge ponds have been completed. The Shomberger's will be requesting additional funds to cover cost overruns the occurred during construction at the upcoming May, 2005 Board Meeting. The additional funds needed is 59,000. Project substantial completion is scheduled for August of2005. ~ Grano Me"a Re"eTVOir (;ompany Renahilitation ofRe"eTVO;rNo 1 "no No 9 Authorization: Construction Fund Water Source: Gunnison Terms of Loan: $200,000@ 2.4% for 20-years County: Mesa Project Yield: 1,000 Acre-Feet Project Type: Reservoir Rehabilitation The Grand Mesa Reservoir Company operates 6 reservoirs on the Grand Mesa to supply . water to 16 shareholders for the irrigation of 500 acres. This project involves the replacement of the outlet structures at each reservoir and also addresses seepage problems at each facility. The proj ect was designed by the City of Grand Junction, one of the major shareholders, and is currently being constructed by the City of Grand Junction. The outlet structures have been installed and the . . > seepage problem corrected at botlHeservoir locations. - The City of Grand Junction is draiping the . two reservoirs to install the new outlet gates.- Project is anticipated to be complete after the winter snows melt in June/Julyof2005, with substantial completion scheduled for October of2005 Ii Gllen7i Farm", Tn~ Well AlIgJ11ent"tion Project Authorization: Severance Tax Fund Water Source: South Platte River Terms of Loan: $331,425 @2.5%for30-years County: Logan Project Yield: 2,000 acre-feet Project Type: Well Augmentation The Guenzi's currently irrigate 2,600 acres of farmland, by means of flood irrigation and by the operation of 31 wells. These wells produce a summertime depletion of approximately 1,510 acre-feet and a wintertime depletion of 960 acre-feet. This project involves the purchase of a new farm with augmentation improvements in-place and the construction of a new recharge well, 2100- ft. of 12-inch PVC pipe and 4,500-ft. of 2 I-inch PVC Pipe, and various recharge ponds on their existing farm, to cover their depletions. Project has been recently completed. The Guenzi's have requested an additional $18,000 in loan funds to cover cost overruns that occurred during construction, which was approved at the March, 2005 Board Meeting. Substantial completion of . the project is tentatively scheduled for August of2005.