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<br />STATE OF COLORADO
<br />
<br />Colorado Water Conservation Board
<br />
<br />Department of Natural Resources
<br />1313 Sherman Street, Room 721
<br />Denver, Colorado 80203
<br />Phone: (303) 866-3441
<br />FAX: (303) 866-4474
<br />www.cwcb.state.co.us
<br />
<br />
<br />MEMORANDUM
<br />
<br />Bill Owens
<br />Governor
<br />
<br />TO:
<br />
<br />Colorado Water Conservation Board Members
<br />
<br />Bruce Johnson, P.E. ~:&d'
<br />Mike Serlet, P,E" Chief
<br />Water Supply Planning and mance Section
<br />
<br />Rick Brown
<br />Acting Deputy
<br />Director
<br />
<br />Russell George
<br />Executive Director
<br />
<br />FROM:
<br />
<br />Rod Kuharich
<br />CWCB Director
<br />
<br />DATE:
<br />
<br />May 5, 2006
<br />
<br />SUBJECT: Agenda Item 11b, May 16-17, 2006 Board Meeting
<br />Water Supply Planning and Finance Section - New Project Loans
<br />Riverside Irrigation District - Water Rights Purchase
<br />
<br />Introduction
<br />
<br />The Riverside Irrigation District (RID) is applying for a $1,450,000 loan from the Severance Tax Trust
<br />Fund Perpetual Base Account, for permanent financing for the acquisition of 46 Private Rights in the
<br />Riverside Reservoir and Land Company (RRLC), (One Private Right = 4 shares of RRLC,) The
<br />estimated total cost of the project is $1,638,000, Please see the attached Project Data Sheet
<br />
<br />Backqround
<br />
<br />The RID service area is located primarily in Morgan County on the north side of the South Platte
<br />River, beginning about 18 miles west of Fort Morgan and extending to about 18 miles east of Fort
<br />Morgan. RID water is tied to 22,494 acres of specific irrigated lands in the District, owned by 147
<br />different farm operations, The water is typically used to irrigate corn, alfalfa, beans, and sugar
<br />beets, RID diverts direct flow water for the farms under a 1907 priority (417 cfs), but this right is
<br />very junior and RID relies primarily on storage water in Riverside Reservoir, owned by RID's "sister"
<br />company RRLC, Riverside Reservoir is located outside of the District in Weld County, RRLC
<br />owns and operates the Riverside Inlet Canal, diverting water into the reservoir, and the reservoir
<br />itself, RID owns and operates the Riverside Outlet Canal and the 90-mile long Riverside Service
<br />Canal delivering water to users, In addition, RID uses Vancil Reservoir, a smaller reservoir located
<br />toward the end of the system in eastern Morgan County having a 1986 priority, to provide water
<br />storage, RID farms also use, on a limited basis, alluvial wells for additional water on their farms,
<br />The requirement for augmentation of these wells has caused RID to pursue numerous recharge
<br />decrees, Recharge ponds have been created all along the Riverside system with various priority
<br />dates, RID is in the process of obtaining a court decreed augmentation plan utilizing the recharge
<br />generated to cover their well depletions, Approximately 100 wells are covered by the plan,
<br />
<br />Riverside Reservoir - Riverside Reservoir is an off-stream reservoir constructed in 1902, RRLC
<br />has a right to store 63,300 AF, and can fill Riverside Reservoir under two different decrees (1902
<br />
<br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection
<br />Water Supply Protection c Conservation and Drought Plarming
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