BOARD02111

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

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constructed in-kind by the Dolores Water Conservancy District and is currently under construction. The
. project is approximately 65% complete and is anticipated to be finished by the fall of 2006.

16/17. little ThoDlDsonlCentral Weld Water Districts - Reservoir Construction

Authorization: Severance Tax Perpetual Account
Water Source: South Platte
Terms of loan: $7,875,OOO@4.05% for 20-years

County: Larimer
Project Yield: 5,200 acre-feet
Project Type: Reservoir Construction

The little Thompson Water District and the Central Weld County Water Districts have a 50150
partnership to construct, own and operate a new reservoir (Dry Creek Reservoir). The proposed project,
located approximately 2 miles southeast of Carter Lake would include construction of a 5,200 acre-foot
reservoir, including a 40-foot high earthen dam with an emergency spillway and outlet works.
Construction will also include converting an existing 20-inch treated line to a raw water delivery line that
will connect from the Filter Plant at Carter Lake to the new reservoir and the construction of a 5000 GPM
pump station. The project scope was recently changed to increase the reservoir capacity from 5,500 acre-
feet to 8,900 acre-feet. At the September 2005 Board Meeting the Board approved an additional loan to
the Districts in the amount of $4,994,955 each, for a total combined loan amount for the project of under
$18,000,000. Construction of the reservoir was awarded to R.E. Monk, Colorado Springs, Colorado for
just under $15,000,000. R.E. Monk has commenced construction and is approximately 25% complete.

18. Pine River - Bavfield Ditch Comnanv - Sinhon Renlacement Proiect

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Authorization: Construction Fund
Water Source: Va1lecito Reservoir
Terms of Loan: $297,000 @2.75%for30years

County: la Plata
Project Yield: 8,866 ac.ft.
Project Type: Siphon Replacement

PRBDC provides irrigation water to a 2,596-acre service area in la Plata County, generally south of the
Town of Bay field. The Pine River Bayfield Ditch is a lateral extending off of the Schroder Ditch and is a
carrier ditch for shareholders owning Pine River water rights and Pine River Irrigation District water
shares (Vallecito Reservoir). The PRBDC headgate is located east ofthe Town of Bay field, above
Beaver Creek. From the headgate, the ditch flows through a concrete flume and into the Beaver Creek
siphon, a 32-inch diameter steel pipe siphon, 2300 feet in length, dropping an estimated 100 feet in
elevation, as it runs under Beaver Creek. The current siphon was built in 1955-1957, with a design life of
30 years, and is in deteriorated condition. The steel has oxidized to the point where the pipe walls have
thinned in many places beyond repair. A new 30-inch PVC pipe, designed by the Durango NRCS Office
to carry 37 cfs, will replace the existing siphon. NRCS has completed the design and the project was bid
in October of 2004. The Company is reviewing the bids and are anticipating award the contract to
Gosney and Sons, Bayfield, Colorado. The total construction costs have increased from $267,000 to
$307,000. The Company requested an additional $30,000 in loan funds at the November 2004 Board
Meeting. which was approved by the Board. The project has been completed. At the request of the
company, project substantial completion is scheduled for July of 2006.

19. Greelevand Loveland Irril!lltion Comnanv - Bovd Lake lower level Outlet Rehab.

Authorization: Construction Fund
Water Source: South Platte River
Terms of Loan: $2,844,000 @ 3.00% for 30 yrs.

County: Larimer - Loveland
Project Yield: 37,812 acre-feet
Project Type: Reservoir Rehabilitation

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The Greeley and Loveland Irrigation Company and its sister company the Seven Lakes Irrigation Company,
own and operate an extensive system of reservoir and canals in Loveland and the Greeley area. The Greeley

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