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<br />. <br /> <br />Authorization: Severance Tax Perpetual Account <br />Water Source: South Platte <br />Terms of Loan: $7,875,000 @4.05% for 20-years <br /> <br />County: Larimer <br />Project Yield: 5,200 acre-feet <br />Project Type: Reservoir Construction <br /> <br />The Little Thompson Water District and the Central Weld County Water Districts have a 50/50 partnership to <br />construct, own and operate a new reservoir (Dry Creek Reservoir). The proposed project, located approximately 2 <br />miles southeast of Carter Lake would include construction of a 5,200 acre-foot reservoir, including a 40-foot high <br />earthen dam with an emergency spillway and outlet works. Construction will also include converting an existing <br />20-inch treated line to a raw water delivery line that will connect from the Filter Plant at Carter Lake to the new <br />reservoir and the con,struction of a 5000 GPM pump station. This $10,500,000 project is currently under design <br />and in the process of obtaining necessary permits and approvals. Project construction may be spring of 2005/06 <br />depending on level of EP A requirements and approvals. <br /> <br />27. Henry Bolen Ditch Company - Ditch Rehabilitation <br />Authorization: Severance Tax Fund <br />Water Source: Mancos River <br />Terms of Loan: $128,750 @2.5%for30 yrs. <br /> <br />County: Montezuma <br />Project Yield: 2,505 ac.ft. <br />Project Type: Ditch Rehabilitation <br /> <br />The Henry Bolen Ditch Company consists of 7 members, which own and operate 2.5 miles of ditch. The proposed <br />project involves enclosing the existing ditch system with 12,000 linear feet of pipe. The project is being designed <br />and partially funded by the Natural Resource Conservation Service as part of their Salinity Control Program. The <br />project is currently under construction and is anticipated to be complete by May 2005. <br /> <br />. <br /> <br />28. Pine River - Bayfield Ditch Company - Siphon Replacement Project <br />Authorization: Construction Fund County: La Plata <br />Water Source: Vallecito Reservoir Project Yield: 8,866 ac.ft. <br />Terms of Loan: $297,000 @2.75% for 30 years Project Type: Siphon Replacement <br /> <br />PRBDC provides irrigation water to a 2,596-acre service area in La Plata County, generally south of the Town of <br />Bayfield. The Pine River Bayfield Ditch is a lateral extending off of the Schroder Ditch and is a carrier ditch for <br />shareholders owning Pine River water rights and Pine River Irrigation District water shares (Vallecito Reservoir). <br />The PRBDC headgate is located east of the Town of Bayfield, above Beaver Creek. From the headgate, the ditch <br />flows through a concrete flume and into the Beaver Creek siphon, a 32-inch diameter steel pipe siphon, 2300 feet in <br />length, dropping an estimated 100 feet in elevation, as it runs under Beaver Creek. The current siphon was built in <br />1955-1957, with a design life of 30 years, and is in deteriorated condition. The steel has oxidized to the point <br />where the pipe walls have thinned in many places beyond repair. A new 30-inch PVC pipe, designed by the <br />Durango NRCS Office to carry 37 cfs, will replace the existing siphon. NRCS has completed the design and the <br />project was bid in October of 2004. The Company is reviewing the bids and are anticipating award the contract to <br />Gosney and Sons, Bayfield, Colorado. The total construction costs have increased from $267,000 to $307,000. <br />The Company requested an additional $30,000 in loan funds at the November 2004 Board Meeting, which was <br />approved by the Board. Project construction has commenced, with completion scheduled for May of 2005. <br /> <br />29. Buffalo Farms Water Development, LLC <br />Authorization: Severance Tax Fund <br />Water Source: S. Platte Aquifer <br />Terms of Loan: $193,500 @2.50% for 30 years <br /> <br />- Well Augmentation <br />County: Logan <br />Project Yield: 800 ac,ft. <br />Project Type: Siphon Replacement <br /> <br />. <br /> <br />The Buffalo Farms LLC is comprised ofa number of farms with a total combined irrigated land of 1,000 acres. <br />The farms utilized 11 existing wells to irrigate the 1,000 acres, growing corn, alfalfa, beans, and wheat. The II <br />wells are currently being augmented under the Logan Well Users plan. The proposed project consists of I <br />recharge well at the river, and 6,000-ft. of pipe to a 22 acre existing recharge site. The proposed project wiIl <br />eliminate the need for the Development to be under the Logan Well Users and will provide sufficient augmentation <br />