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. . . . The proposed project will eliminate the need for the Development to be under the Logan Well Users and will provide sufficient augmentation credits to cover their depletion from the II wells. The project is currently under construction and is approximately 95% complete. The Buffalo Farms Water Development was approved for an additional $81,000 in loan funds at the November 2005 Board Meeting. Those funds were disbursed in December of2005, with project substantial completion anticipated in July of 2006. 23. Colorado River Water Conservation District - Enlargement of Elkhead Reservoir Authorization: Construction Fund Water Source: Yampa Tenns of Loan: $II,OOO,OOO@ 3.75% for 20-years County: Moffat and Routt Project Yield: 12,000 acre-feet Project Type: Reservoir Enlargement The Colorado River Water Conservation District is located in Glenwood Springs and is comprised of all or part of IS cOWlties that are in the northern half of the Colorado River drainage basin. The District conserves, uses, safeguards, and develops water resources of the Colorado River and its tributaries to which the State is entitled to under the Colorado River Compact. The River District in conjunction with the Upper Colorado Recovery Program are going to enlarge Elkhead Reservoir by raising the existing dam 24-feet, for the purpose of obtaining additional storage to support endangered fish species downstream and for municipal, industrial, and agricullw'al use. The project was awarded to Aims Construction, Denver, CO. The Contractor bas completed the outlet works and labyrinth spillway and is currently working the dam keyway or foundation. 24. High Line Canal Comoanv - Smith Arrovo Siohon Reolacement Authorization: Severance Tax Fund Water Source: Arkansas River Tenns of Loan: $458,540@ 2.25% for 20-years COWlty: Otero Project Yield: 100,000 acre-feet Project Type: Siphon Replacement The High Line Canal Company diverts water from Arkansas River near the Town of Boone to a 100,000 acre service area. The Smith Arroyo Siphon, approximately 300-ft. in length, is a key component of the canal system, which was constructed in the 1920's. The existing 6-ft. diameter, 3oo-ft long concrete encased wood stove pipe bas been deteriorating for a number of years and is in need of replacement. This project involves replacing the existing siphon with a 72-inch diameter reinforced concrete pipe. The project was awarded to TCS, Swink, Colorado. The Contractor bas completed the project, to include; the new RCP Pipe, trash rack and automated debris remover, site grading, and fencing. Project substantial completion is scheduled for July of 2006. 25. Uoner Arkansas Water Conservancv District - N. Fork Reservoir Rehabilitation Authorization: Severance Tax Fund Water Source: N. Fork of S. Arkansas Tenns of Loan: $3,520,000 @ 3.50% for 30 yrs. COWlty: ChaffeelCuster/Fremont Project Yield: 500 acre-feet Project Type: Reservoir Rehabilitation The UA WCD has operated the North Fork Reservoir since 1979 for domestic. mWlicipal, industrial, recreational, and augmentation water supply. The reservoir is at elevation 11,400 feet and is located approximately 10 miles from Maysville on the North Fork of the South Arkansas River. This project involves replacement of the outlet gate, improved access, increased spillway capacity, seepage control, and raising the dam IS-feet to achieve a storage capacity of 500 acre-feet. Project design has been completed, with bids let out in January of 2006. The project is located on Forest Service property and will require a special use pennit and an environmental assessment prior to construction. 49