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. ponds. 4 existing wells will be tied into the new water line to allow water to be pumped back to the river. The proposed augmentation plan will offset the depletions from 12 existing wells, which is currently being augmented by the Logan Well Users. The project is under construction and is anticipated to be operational by March of 2005. 4, Upper Platte & Beaver Canal Company- Well Augmentation Project Authorization: Construction Fund County: Morgan - Near Fort Morgan Water Source: South Platte Basin Project Yield: 32,500 acre-feet Terms of Loan: $67,500 @2,25%for IO-years Project Type: Well Augmentation The Upper Platte and Beaver Canal Company operates the Canal for the benefit of their 100 shareholders by providing direct flow irrigation water to an II,OOO-acre service area. The diversion and headgate are located on the South Platte River, about one mile northeast of Fort Morgan, There are 97 junior irrigation wells under the Upper Platte and Beaver system. The Company will cover the depletions of these wells by constructing two recharge ponds, to be filled from the Upper Platte and Beaver Canal under the Company's 1972 augmentation decree. Brent Nation, Nation Engineering Services, Fort Morgan, Colorado, is the project engineer. The project commenced construction in the fall of 2003 and is 95% complete. Project completion is scheduled for February of 2005. 5, Stromberger Land and Cattle Company LLC - Augmentation Recharge Authorization: $414,000 County: Logan Water Source: South Platte Basin Project Yield: 5,000 acre-feet Terms of Loan: $414,000 @2.50% for 20-years 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 project is scheduled to be substantially complete by February of 2005. 6, Orchard City Irrigation District - Ditch Rehabilitation Authorization: Severance Tax Trust Fund County: Delta Water Source: Dry/Current Creek Project Yield: 2,000 acre-feet Terms of Loan: $1 02,457@2.50% for 30-years Project Type: Ditch Rehabilitation The Orchard City Irrigation District is located outside Orchard City, approximately 12 miles northeast of the City of Delta. The District has 403 shareholders, which are made up of primarily small acreages. This project involves the rehabilitation of 920 of ditch, by enclosing the ditch section with 48" ADS plastic pipe, a new measuring flume, and the placement of a new steel gate at Fruit Growers Reservoir. The project has been completed. The District has elected to use May I, 2005 for their substantial completion date to coincide with their annual assessments. 7, Grand Mesa Reservoir Company - Rehabilitation of Reservoir No. I and No, 9 Authorization: Construction Fund County: Mesa Water Source: Gunnison Project Yield: 1,000 Acre-Feet Terms of Loan: $200,000@2.4% for 20-years 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 project 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 both reservoir locations. The City of Grand Junction is draining the two reservoirs to install the new outlet gates. Project is anticipated to be complete after the winter snows melt in June/July of 2005.