BOARD02111

• Board Meeting Date: 5/16/2006
• Description: CWCB - Director's Report
• Board Meetings - Doc Type: Memo

7. Johnson and Edwards Ditch Comoanv - Aul!tllentation Proiect

Authorization: Construction Food
Water Source: South Platte Basin
Terms of Loan: 5132,500 @ 2.5% for 30-years

COooty: MorganlWashington
Project Yield: 8,900 acre-feet
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 ooder construction and is anticipated to be complete by July of2006.

8. Central Colorado Water Conservancv District - Water Rights Purchase and Gravel Pit Const.

Authorization: Construction Fund
Water Source: South Platte
Terms of Loan: 520,000,000 @2.75% for 30-years

County: Adams, Weld, Morgan
Project Yield: 12,300 acre-feet
Project Type: Water Supply/Augmentation

The CCWCD, located in Adams, Weld, and Morgan Counties has a service area of 300 square miles. The
Sub district has 650 members with 966 jooior wells and has operated an augmentation plan for these
members since 1973. On December 17, 200 I, 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 Rules 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 cwrently working on
improvements to the WAS Sub-district. The WAS project is approximately 65% complete.

9. Town of Akron - Well and Pipeline Construction

Authorization: Small Project Loan Alccooot
Water Source: Wells - Camp Creek
Terms of Loan: $349,799 @ 3.75% for 30 yrs.

COooty: Washington
Project Yield: 530 sc.ft.
Project Type: WelllPipeline Const.

The Town of Akron provides domestic water to 1,711 residents, with approximately 880 taps, residential and
commercial. Ten wells feed into a 1.5 million gallon above ground storage tank, constructed in 1996. for
treatment and distribution. Given the low production of the existing well, this project will add 2 new wells
with 8,300 linear feet of ductile iron transmission lines to the town's existing system. The Town of Akron
has completed the 2 new wells and adjoining pipeline. The final construction item involves the completion of
their remote telemetric system to operate the pumps from the Town Offices. Project completion is scheduled
for July of2006.

10. Dolores Water Conservancv District - WETPACK

.

44