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. . . has silted in to a capacity of 1,100 acre-feet. The Company is in the process of dredging the existing reservoir site to achieve and additional 700 acre-feet in capacity, Hall-Irwin Construction commenced construction in October of 2002 and is anticipated to be completed by June of 2003, As a note, the Company is planning on obtaining additional loan funds from the Colorado Water Conservation Board by applying for a standard loan in January of2003, 10, Bill Porter - BartonIPorter Reservoir Rehabilitation Proiect Authorization: Small Project Loan Account County: Garfield Water Source: Garfield/South Canyon/3-mile Project Yield: 1,100 acre-feet Terms of Loan: $1,000,000 @2,5% for 20-yearsProject Type: Rehabilitation This $2,000,000 project involves enlarging the existing reservoir to an approximate capacity of 1,100 acre- feet. The existing Class 3 reservoir was constructed in 1958 with a dam height of 43-feet impounding a reservoir of206 acre-feet. The proposed improvements involve raising the east dam to a height of69 feet and removing the west dam and replacing it with a new 83.5-feet high dam, A new spillway and outlet structure will be constructed and the inlet ditch will be relocated to a higher elevation to gravity feed the reservoir. Design plans were completed by Golder and Associates in the Winter of 2002 and have been approved by the State Engineer's Office, The project is currently being constructed by in-house forces and is approximately 65% complete, The proj ect is anticipated to be completed by March of 2003. II. LOMA Ditch and Lateral Companv Authorization: Small Project Loan Account Water Source: Colorado River Terms of Loan: $178,000 @ 2.75% for 30 yrs, County: Mesa Project Yield: 3,505 acre feet Project Type: Ditch Rehabilitation This $250,000 project involves the reconstruction of approximately 1,5 miles of open ditch lateral. The 1.5 miles of ditch lateral will be upgraded to consist of a 80-100 psi pressurized underground pipeline, The Natural Resource Conservation Service, Grand Junction Office, has completed the design and the project has been awarded to Professional Concrete Pipe out of Grand Junction, Colorado, The Contractor is anticipated to commence construction by the end of November 2002. The project is scheduled for completion in March of2003. 12. Loveland. City of Green Ridge Glade Reservoir Rehabilitation Authorization: HB 98-1189 County: Larimer - W. of Loveland Water Source: Big Thompson River Project Yield: 6,000 acre feet Terms of Loan: $5,000,000@4.75% for 10 yrs.Project Type: Dam enlargement This $19.2 million project is the enlargement of the Green Ridge Glade Reservoir northwest of Loveland. The project consists of raising the crest of the existing dam approximately 60 feet, construction of a new concrete labyrinth weir spillway, and new multi-level intake gate tower outlet structure. The City has contracted with Woodward-Clyde of Denver to prepare the final design and construction contract documents, Environmental studies have been complete and the City has secured all the necessary permits to construct the project. The project is currently out to bid with construction anticipated to commence by December of 2002. 13, Cedar Mesa Ditch and Reservoir Companv - Cedar Mesa Dam Rehabilitation Authorization: Small Project Loan Account County: Delta Water Source: Bonita Creek Project Yield: 903 acre-feet Terms of Loan: $100,000 @3.50% for 30-years Project Type: Dam Rehabilitation The Cedar Mesa Ditch and Reservoir Company operates the Cedar Mesa Dam for the benefit of its 24 shareholders. The existing reservoir can store 902 acre-feet and is formed by a dam 47-feet high and 1,250 feet long. The dam was constructed prior to 1900 and has been repaired a number of times over the years. In 34