BOARD00134

• Board Meeting Date: 11/25/2002
• Description: CF Section - Shultz Farm Inc. - Hill Lake Rehabilitation
• Board Meetings - Doc Type: Memo

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STATE OF COLORADO

Colorado Water Conservation Board

Department of Natural Resources
1313 Shennan Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us

MEMORANDUM

Bill Owens
Governor

TO:

Colorado Water Conservation Board Members

Greg E. Walcher
Executive Director

FROM:

John Van Sciver, P.E. .....:::r\(jlJ 5
Mike Serlet, P.E., Chief Bt/J
Water Supply Planning arid Finance Section.

Rod Kuharich
CWCB Director

Dan McAuliffe
Deputy Director

DATE: November 13, 2002

SUBJECT: Agenda Item 20j., November 25-26, 2002 Board Meeting
Shultz Farm Inc. - Hill Lake Rehabilitation

Introduction
Shultz Farm, Inc. is applying for a $400,000 Small Project Loan from the Construction Fund to
dredge out and rehabilitate the Hill Lake. The estimated total cost of the project is $445,000.
Please see the attached project summary and map.

Backaround
Shultz Farm, Inc. owns 2 farms in Weld County. The Hill Lake is on a 546-acre farm, purchased in
August 2000, and located about 8 miles northeast of Longmont. Water from the lake supplies a
sprinkler that irrigates approximately 200 acres. The Hill Lake has a decreed capacity of 135 acre-
feet, but has been silted in over the years so that its normal capacity is now about 65 acre-feet.
Shultz Farm wants to excavate the lake to regain lost capacity and increase the capacity beyond
the existing decree. The Lake will provide additional irrigation water during drought periods.

Feasibility Studies
Steve Shultz, President of Shultz Farms, has completed the feasibility study, using information
from Intermill Land Surveying, Inc. The study includes an assessment of the technical and
financial feasibility of the project.

Shultz Farm. Inc.
Shultz Farm, Inc. is a Colorado Corporation formed in 1973 and registered with the Secretary of
State. The purpose of the Corporation is to engage in farming, ranching and livestock feeding
operations, and other farming and ranching activities. The Corporation has the authority to buy
and sell farms, and to pledge or mortgage real estate as collateral for farm loans.

Water Riahts
Shultz Farm owns a 135 acre-foot storage right for the Hill Lake, out of the St. Vrain River, and
can also access "free river" water from the St. Vrain River. The Corporation also owns 13