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<br />~ ~ <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Lake Loveland Outlet Works <br /> <br />Introduction <br /> <br />Lake Loveland is owned by the Greeley-Loveland Irrigation <br />Company (Company) and it is located in the northwest part of <br />the City of Loveland. The lake is the storage facility for <br />about 300 irrigators, as well as a part of the municipal water <br />supply for the City of Greeley. <br /> <br />Problem <br /> <br />The outlet works for Lake Loveland are installed in a <br />tunnel along Colorado Avenue in Loveland. Outlet flows from <br />the lake have caused serious cavitation and erosion in the <br />tunnel. In addition, the existing spillway for the dam needs <br />to be enlarged to meet the present day requirements of the <br />State Engineers' dam safety regulations. Due to the above <br />deficiencies the State Engineers' Office has imposed <br />restriction of storage to eight feet below the dam's crest and <br />has limited the use of the outlet works. <br /> <br />Proposed Project <br /> <br />The staff has reviewed the feasibility study for the <br />project, prepared by Nelson Engineers of Greeley, Colorado, and <br />has determined that the project is technically feasible. The <br />improvements will correct the existing prOblems by enlarging <br />the existing spillway, lining the tunnel with a steel pipe, <br />refurbishing the existing gates. installing new sluice gates at <br />the upstream end of the outlet works and by generally <br />rehabilitating any other outlet works items. The estimated <br />cost for the total project is $558.000. <br /> <br />Proposed Financinq <br />Greeley-Loveland Irrigation Company <br />CWCB loan (to be repaid by water users) <br /> <br />$308,000 <br />!?50,000 <br />$558.000 <br /> <br />Under the proposed financing the Company would have to pay <br />CWCB $14,570 per year for 40 years for a total repayment of <br />$582,800. The $14.570 per year would be raised by the Company <br />through annual assessment of $8.90 from the irrigators and the <br />City of Greeley. <br /> <br />The cost-share of the Greeley-Loveland Irrigation Company <br />could come from either one of the following: <br /> <br />(a) Sale of 5 acres of shoreline property the Company <br />owns north of Lake Loveland. or <br /> <br />8064E <br />