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. . . This project involves the purchase of 785 shares of Excelsior Ditch for replacement water to offset out-Qf- priority depletions from well pumping. Thy project also involves the construction of a IS-acre recharge pond and enlarging the Excelsior Ditch for approximately 4 miles. The ditch work has been completed and the construction of the recharge ponds is approximately 95% complete. The entire project is anticipated to be operational by December of2ooS. 11. Orohan Wells ofWil!mns - AUl!IDentation Proiect Authorization: Construction Fund Water Source: South Platte Basin Terms of Loan: $I,037,7oo@2.S% for 30-years County: Morgan Project Yield: 6,000 acre-feet Project Type: Well Augmentation The Orphan Wells of Wiggins is a new company comprised of 31 separate agricultural operators that own 45 wells which irrigated approximately 4500 acres offarm1and. This project involves the construction of I recharge well, I augmentation well, various pipeline, and 23 recharge ponds. The project will generate augmentation credits to cover the depletions for the 45 existing wells. The project is currently under construction and is anticipated to be complete by March of 2006. 12. Johnson and Edwards Ditch Comoanv AUl!IDentation Proiect Authorization: Construction Fund Water Source: South Platte Basin Tern1il of Loan: $H2,SOO@ 2.5% for 30-yearS County: Morgan/Washington .. Project Yield: S,900acre-f(d_ Project Type: Well Augmentation The Johnson and Edwards Ditch Company operate the Johnson and Edwards Ditch to delivery irrigation water to a 3,000 acre service area. This project involves the construction of 1 recharge well, pipeline installation, 2 recharge ponds, and the purchase of reservoir water. This project will generate sufficient augmentation credits to cover the Company's depletions from the 12 wells they are currently operating. The project is currently under construction and is anticipated to be complete by November of 2005. 13. Central Colomdo Water Conservancv District - Water Ril!hts Purchase and Gravel Pit Const. Authorization: Construction Fund Water Source: South Platte Terms of Loan: $20,000,000 @2.7S% for 30-years County: Adams, Weld, Morgan Project Yield: 12,300 acre-feet Project Type: Water Supply! Augmentation The CCWCD,Iocated in Adams, Weld, and Morgan Counties has a service area of 300 square miles. The Subdistrict has 650 members with 966 junior wells and has operated an augmentation plan for these member since 1973. On December 17, 2001, the Colorado Supreme Court issued a judgment that changed the manner of operation for substitute supply plans in Colorado. The ruling stated that the State Engineer did not have the legal authority to approve substitute supply plans. The Court also stated that substitute supply plans, such as the one operated by CCWCD would either have to file for a decree in Water Court or follow new Rulcs and Regulations to be issued by the State Engineer. This ruling has required CCWCD to acquire more senior water rights as well as build additional storage to augment out- of-priority diversions. CCWCD is in the process of acquiring additional senior water rights. To-date the District has been approved for 3-separate loans, $15,000,000, $5,000,000, and $20,000,000. The $20,000,000 loan was recently approved at the November 2004 Board, for a total project loan authorization of $40,000,000. The $15,000,000 and $5,000,000 were substantially completed in June of 2005. Central has completed efforts for the GMS Sub-district and are currently working on improvements to the WAS Sub-district. The project is approximately 40"10 complete. 49