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<br />. <br /> <br />. <br /> <br />. <br /> <br />--.'''\ ,.,~ <br /> <br />Meeting, which was approved by the Board. The project has been completed. The Company is in the <br />process of finalizing their loan amendment to release final loan payment. Project substantial completion <br />is scheduled for December of 2005. <br /> <br />23. Greelevand Loveland IrrilZlltion Comoanv Boyd Lake Lower Level Outlet Rehab. <br /> <br />Authorization: Construction Fund <br />Water Source: South Platte River <br />Terms of Loan: $2,844,ooo@ 3.00"10 for 30 yrs. <br /> <br />County: Larimer - Loveland <br />Project Yield: 37,812 acre-feet <br />Project Type: Reservoir Rehabilitation <br /> <br />The Greeley and Loveland hrigation Company and its sister company the Seven Lakes Irrigation Company, <br />own and operate an extensive system of reservoir and canals in Loveland and the Greeley area. The Greeley <br />and Loveland Irrigation Company own Boyd Lake, the largest reservoir in their system with a surface area of <br />1,750 acres and a capacity of 48,875 acre-feet. The dam is a Class I facility. The existing spillway is a 20- <br />foot long grass swale with really no means of conveying any storm flows. The SEO requires that a Class I <br />facility spillway pass 75% of the PMP. The Company is currently in the design phase to construct a new <br />labyrinth spillway approximately 1,100 feet in length with an effective weir length of 5,720 feet, constructing <br />1,loo-feet of downstream channel, and constructing 3S0-ft long floodwall. The project was awarded to <br />Gracon Construction, Loveland, Colorado and is currently 25% complete. <br /> <br />24. Lower Bauer West Lateral. Inc. - Ditch Rehabilitation <br /> <br />Authorization: Severance Tax Fund <br />Water Source: Mancos River <br />Terms of Loan: $19S,OOO@2.5% for 30 yra. <br /> <br />County: Montezuma <br />Project Yield: 95 I acre-feet <br />Project Type: Ditch Rehabilitation <br /> <br />The Lower Bauer West Lateral owns and operates the west outlet lateral from Lower Bauer Reservoir. <br />This project involves the placement of 15,500 feet of 6-1 S-inch PVC pipe in the ditch our outlet lateral, to <br />reduce water loss and to produce working pressure for downstream irrigation users. The project is being <br />designed by the NRCS Cortez Office to carry the Company decree of 95 1 acre-feet to a 1,2oo-acre service <br />area. The project has been awarded to Lewis Excavating, Mancos, Colorado and the project is currently <br />under construction. As of October of 2005, the Contractor has installed approximately 6,000 feet of pipe. <br />Lower Bauer has indicated that they will need additional loan funds to complete the project, which they <br />are anticipating to present to the Board in January of 2006. <br /> <br />25. Larimer and Weld Irril!8tion Comoanv Bill Windsor Reservoir InletJLake Lee Dam Rehab. <br /> <br />Authorization: Severance Tax Fund <br />Water Source: South Platte River <br />Terms of Loan: $I,Soo,OOO@2.S% for 30 yrs. <br /> <br />County: Weld <br />Project Yield: 90,000 acre-feet <br />Project Type: InletJDam Rehabilitation <br /> <br />The Larimer and Weld Irrigation Company operate a 4O-mile ditch system, including control structures, <br />checks, and gates. The Company has an 86,000 acres service area, 55,000 acres of that irrigated and has <br />an average annual diversion of 90,000 acre-feet. This project involves thc replacement ofthe inlet <br />structure into Big Windsor Reservoir and the rehabilitation of Lake Lee Dam. The project is being <br />designed and inspected by Smith Geotechnical; Fort Collins, Colorado The reconstruction of Big Windsor <br />inlet structure was awarded to Barker Construction, Fort Collins, Colorado and is currently under <br />construction. The construction of Lake Lee Dam is anticipated to commence in 2006. <br /> <br />53 <br />