BOARD00559

• Board Meeting Date: 1/24/2001
• Description: CF Section - STTFPBA New Loans - Colorado Water Protective and Development Association - Purchase of Water Rights
• Board Meetings - Doc Type: Memo

"" '"

203

"

STATE OF COLORl\DO
--~-_._,. ,-"--~-.....~-_. --_._-,---~--_.._- '-'---"-~-'---'~'__________M_M.___,

Q

.

Colorado Water Conservation Board
Department of Natural Resources
1 J 1.1 SIWrnl.lll Slrl'(~{, ~oom 721
1)()!lVL'r, Ctlfur.l(/o 111)20,1
PhnrlC': UO]1 U6h-3....t
FAX: OOjl B6h.4474
wW\\'.(Wc!J,Slilll'.CCI.tlS

JliIIOWI'Il<,
(;Il\!l'rrllll

MEMORANDUM

Gr\'gl W..lt!ll'/
h\"nnivl' Dire('!<lr

TO:

Colorado Water Conservation Board Members

Bill Green, P.E., Water Supply Planning and Finance Section 13&-
Mike Serlet, P.E., Chief, Water Supply Planning and Finance sectio"ftlf

January 19,2001

J..:od l<lIh"tl<:h
(....vCI~ Dirt'(,hlr
(),mMC'\uliff,'
Dl'PU!}'Oi!'('{\flI

FROM:

DATE:

RE: Agenda Item No. 11 c. . Water Supply Planuing and Finance-
Severance Tax Trust Fund Perpetual Base Account New Loans-
Colorado Water Protective and Development Association - Purchase
of Water Rights

Introduction

.

Thc Colorado Water Protective and Development AssociHtion (CWPDA) of La Junta is
requcsting a loan of $205,000 from the Severance Tax Trust Fund Perpetulll Base
Account to refinance the purchase of shares in the Bessemer lnigating Ditch Company
(Bessemer). The Bessemer shares will be used to offset depletions from 16 wells that will
be included in a Substitute Water Supply Plan. Please see the attached Project Summary
and map.

Pro led Sponsor

CWPDA is a non-profit Colorado corporation whose primary purpose is to assist
members in complying with the rules that govern groundwater pumping in the Arkansas
Basin. Membership in CWPDA consists of the owners of 819 wells located in several
counties from Leadville to John Martin Reservoir. Total depletions form all CWPDA
member wells amounted to about 18,000 acre-feet in 2000.

CWPDA owns about 200 acre-feet of water but is intending to begin a program of
acquiring more replacement water for well depletions in the future. At present, most of
the water that CWPDA uses for replacement is from the Fryingpan-Arkansas Project and
Fry-Ark return flows as well as leased water.

.

"

Flood Prutection . W.ller Proi~d PI.lnning .1I1d Fin,\ndng. Slr<!<l.rtl and I..lke Pro!pdiun
Woller ~tJPflly Prolection . .c.(!.~N.'rVJtion PJ.1nnin,g