BOARD01151

• Board Meeting Date: 7/28/2003
• Description: CF Section - New Project Loans Victor & Margie Quint
• Board Meetings - Doc Type: Memo

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Victor and Margie Quint
July 28-30, 2003

Agenda Item 21g

Water Rlahts .
The Quint Farm receives water from 48 shares of Lower Platte and Beaver Canal Company,
and 378 shares of Johnson and Edwards Ditch Company. The Lower Platte shares typically
provide about 220 acre-feet and the Johnson Edwards shares typically provide about 2,180
acre-feet, for a total of 2,400 acre-feet per year. This ditch water is used to irrigate 350 acres.

The Quint Farm also has decrees on 4 active wells that are used to irrigate 390 acres. These
wells are currently augmented through GASP. The Quint Farm pumps on average
approximately 1,000 acre-feet of water per year through these 4 wells, creating approximately
500 acre-feet of depletions.

The Quints are applying for an augmentation water right for this project, which would allow them
to generate approximately 1 ,200 acre-feet of accretions per year. This would be used to cover
the depletions of their 4 junior wells, as well as provide additional accretions that could be sold
to others.

Proiect DescriDtion
Three alternatives were analyzed in the feasibility study:

1) Don't build a project. Continue to rely solely upon GASP for augmentation.

2) Purchase a senior water right and use it for augmentation.

3) Construct the Quint Augmentation Site.

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Alternative 1: "Don't build a project. Continue to rely solely upon GASP for augmentation." is
not a feasible alternative. The Quint Farm would continue to depend on GASP for
augmentation, and upon supplies secured by GASP on a one-year lease basis. If any of these
leases are not renewed or cannot be renewed because of the drought, the Quint Farm could
not operate its wells. This would be an annual loss of approximately 1,000 acre-feet.

Alternative 2: "Purchase a senior water right and use.it for augmentation." The Quint Farm
could purchase shares of Prewitt Reservoir water for augmentation. Prewitt shares are selling
for $15,000 or approximately $1,000 per acre-foot. This alternative would cost well over
$1,000,000.

Alternative 3, Construct the Quint Augmentation Site. This would generate the needed
augmentation credits by using the recharge well to fill the recharge pond during the winter
months when there is generally not a call on the river. Water from the pond would return to the
river by underground percolation during the summer time while the Quint Farm has depletions
that need to be offset with augmentation water, The cost of this alternative is $95,000, and it is
the preferred alternative.

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