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<br />Colorado River Water Conservation District. <br />November 19-21,2003 <br /> <br />Agenda Item 8a <br /> <br />Borrower: Colorado River Water Cons. Dist. <br /> <br />County: Moffat and Routt <br /> <br />Project Name: Elkhead Reservoir Enlargement <br /> <br />Project Type: Dam Enlargement <br /> <br />Drainage Basin: Yampa <br /> <br />Water Source: Elkhead Creek <br /> <br />Total Project Cost: $19,500,000 <br /> <br />Funding Sources: Recovery ProgJ CWCB <br /> <br />Type of Borrower: Municipal <br /> <br />Interest Rate: 3.75% <br /> <br />CWCB Loan: $11,000,000 <br /> <br />Term: 20 years <br /> <br />Additional Storage Volume: 12,000 aC.ft. <br /> <br />The Colorado River Water Conservation District is located in Glenwood Springs and is comprised <br />of all or part of 15 counties that are in the northern half of the Colorado River drainage basin. The <br />River District conserves, uses, safeguards, and develops water resources of the Colorado River <br />and its tributaries to which the State is entitled to under the Colorado River Compact. The River <br />District, in conjunction with the Upper Colorado Recovery Program wants to enlarge Elkhead <br />Reservoir, by raising the existing dam by 24 feet, for the purposes of supporting the recovery of <br />endangered fish species and to satisfy needs for supplies of municipal, industrial and agricultural <br />water in the Yampa River basin. The project will be constructed commencing in early 2005 and <br />be completed in early 2007. Dan Birch, project development manager for the District, has <br />completed the feasibility study using preliminary design information from U.R.S. Corporation of <br />Denver. Proposed project funding consists of a CWCB loan in the amount of $11 ,000,000 and <br />the remainder from the Recovery Program. <br /> <br />7 <br />