BOARD00333

• Board Meeting Date: 1/26/2000
• Description: CF Section - New Loans - Owl Creek Supply and Irrigation Company
• Board Meetings - Doc Type: Memo

STATE OF COLORADO

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Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone] M E M 0 RAN DUM
FAX: [phone]

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FROM:

Colorado Water Conservation Board Members

John Van Sciver, L.E. ~
Mike Serlet, P.E.
Chief, Water Supp anning and Finance Section.

Bill Owens
Governor

TO:

Greg E. Walcher
Executive Director

Peter H. Evans
ewes Director

DATE:

January 14, 2000

Dan McAuliffe
Deputy Director

SUBJECT: Agenda Item 10d, January 26-27, 2000 Board Meeting
Owl Creek Supply and Irrigation Company

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Introduction
The Owl Creek Supply and Irrigation Company (OCSIC) is applying for a $450,000 loan to
rehabilitate hydraulie struetures on the Company's diteh system. The estimated total cost of the
projeet is $500,000. Please see the attaehed projeet summary and map.

e Backqround
The OCSIC, located in Weld County, operates the Owl Creek Supply Diteh for the benefit of the
shareholders by providing transportation of irrigation water. The Company owns no water rights
and no reservoirs, and operates as an extension of the Eaton Diteh. The stoekholders in the
OCSIC own water through their stoek in the Larimer and Weld Irrigation Company, the Larimer
and Weld Reservoir Company, the Windsor Reservoir and Canal Company, and CST. The
facilities consist of 12 miles of diteh and assoeiated hydraulie struetures. The hydraulie struetures
(eheek structures, drop struetures, measuring weirs) are severely deteriorated. The OCSIC wants
to rehabilitate these struetures.

Feasibility Studies
The OCSIC retained Duane Smith P.E., of Smith Geoteehnical, to conduet a feasibility study. The
study was eompleted Deeember 1999 and ineludes an assessment of altematives available for
rehabilitation of the diteh hydraulie structures.

The Owl Creek Supply and Irriqation Company
The OCSIC is a mutual diteh eompany and a non-profit eorporation registered in the State of
Colorado. There are 145 shareholders and 996.5 shares of stoek. The OCSIC has the power to
set annual assessments to be paid by the shareholders, the power to eut off water deliveries to
shareholders that fail to pay their assessments, and the power to offer stoek for sale to pay
baek assessments. The OCSIC delivers water to a 12,000-aere serviee area located north east
of Greeley. Approximately 10,000 aeres of the serviee area is eurrently irrigated.

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