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7. Grand Mesa Reservoir Comoanv - Rehabi]itation of Reservoir No. ] and No.9 . Authorization: Construction Fund Water Source: Gunnison Terms of Loan: $200,000@ 2.4% for 20-years County: Mesa Project Yield: ],000 Acre-Feet Project Type: Reservoir Rehabi]itation The Grand Mesa Reservoir Company operates 6 reservoirs on the Grand Mesa to supply water to 16 shareholders for the irrigation of 500 acres. This project involves the replacement of the outlet structures at each reservoir and also addresses seepagc problems at each facility. The project was designed by the City of Grand Junction, one of the major shareholders, and is currently being constructed by the City of Grand Junction. The outlet structures have been installed and the seepage problem corrected at both reservoir locations. The City of Grand Junction is draining the two reservoirs to install the new outlet gates. Project is anticipated to be complete after the winter sngws melt in June/July of2005. 8. Guenzi Farms. Inc. - Well AUl!l11entation Proiect Authorization: Severance Tax Fund Water Source: South Platte River Terms of Loan: $331,425 @2.5%for30-years County: Logan Project Yield: 2,000 acre-feet Project Type: Well Augmentation The Guenzi' s currently irrigate 2,600 acres of farmland, by means of flood irrigation and by the operation of 31 wells. These wells produce a summertime depletion of approximately ].510 acre-feet and a wintertime depletion of 960 acre-feet. This project involves the purchase of a new farm with augmentation improvements in-place and the construction of a new recharge well, 2100-ft. of 12-inch PVC pipe and 4,500-ft. of 21-inch PVC Pipe, and various recharge ponds on their existing farm, to cover their depletions. Project has been recently completed. The . Guenzi's are requesting an additional $]8,000 in loan funds to cover cost overruns that occurred during construction at the March, 2005 Board Meeting. Substantial completion of the project is tentatively scheduled for July of 2005. 9. Town ofKremmling - Raw Water Suoplv Svstem Authorization: Construction Fund County: Grand Water Source: Colorado River Project Yield: 400 acre-feet Terms of Loan: $1,689,750 @4.25% for 30-years Project Type: Raw Water Supply This $1,616,320 project involves the construction of a raw water supply pipeline from the Colorado River to the Jones No.2 Reservoir. The pipeline project will allow the Town of Kremmling to access their conditional 3 cfs flow right out of the Colorado River, which will be stored at Jones No.2 Reservoir and used to augment the towns current water supply. The project involves the construction of ]2,000 feet of pipe, low and high lift pump stations, and low and high lift forcemains. The project was bid in the winter of 2004, and was awarded to Duckels Construction, Steamboat, Colorado. The project is currently under construction and is approximately 65% complete. The Contractor has encountered complications with the bore site under the existing railroad tracks to the river, which most likely will require a new bore. The Town has negotiated with the Contractor and the Engineer to develop a plan to address this situation and is currently constructing the new bore. The project is anticipated to be complete by September of2005. 10. Summit Reservoir and Irrigation Comoanv - Svstem Rehabilitation Authorization: SB-97 -008 Water Source: Lost Canyon Creek Terms of Loan: $300,000@3.75% for 30-years County: Montezuma - NE of Cortez Project Yield: 4,287 ac. ft. Project Type: Reservoir and Ditch Rehab. .