BOARD02408

• Board Meeting Date: 1/27/1999
• Description: CF Section - Changes in Existing Loans - North Poudre Irrigation Company - System Rehabilitation
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
1313 Sherman Street
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]

STATE OF COLORADO

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Bill Owens
Governor

Greg E. Walcher
Executive Director, DNR

Peter H. Evans
Acting Director, eWeB

MEMORANDUM

TO: Colorado Water Conservation Board Members

FROM: Bill Stanton, P.E., Chief, Project Planning and Construction Section
Bill Green, P.E., Manager ofPlanning13?'

DATE: January 26, 1999

SUBJECT: Agenda Item 12b., January 27-28,1999 Board Meeting-
Water Project Construction Loan Program - Changes in Existing
Loans -'- North Poudre Irrigation Company - System Rehabilitation

Introduction

The Board will be asked to provide conditional approval for a Construction Fund loan of
$1,107,000 to the North Poudre Irrigation Company (NPIC) of Wellington for several
water system rehabilitation projects. Please see the attached project summary and map.

Backl'(round

In January 1998, the Board gave conditional approval for a $500,000 Construction Fund
loan (subsequently authorized in HB 98-1189) which represented 75 percent of the
estimated costs for three rehabilitation projects involving NPIC Reservoirs No.5 and 6
and North Poudre's Buckeye Lateral. The Buckeye Lateral project has since been
cancelled. The Company would still like to pursue the two remaining projects as well as
two other rehabilitation projects for NPIC Reservoir No.4 and the Company's Indian
Creek Reservoir.

One of the conditions ofloan approval in 1998 was the completion ofa feasibility study.
The Company has submitted a feasibility study by Smith Geotechnical of Fort Collins.
The Study defines all four projects and provides economic, financial and technical
analyses of each. Staff is still in the process of reviewing the revised version of the study,
which was submitted on January 19, 1999.