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<br />. <br /> <br />This $270,000 project is the rehabilitation of the Summit Reservoir Dam outlet works and the repair and <br />improvements to the Summit Reservoir and Irrigation Company's water collection and distribution facilities. The <br />Cortez office of Natural Resource Conservation Service prepared the construction plans and specifications. <br />Construction for the Walker Drops improvements commenced in March of 1999, by Noland, Inc., of Mancos, CO., <br />and was completed in July of 1999. The second to last phase of the project was completed in October of2001. <br />That final remaining phase of the project is anticipated to be complete by the fall of2005. <br /> <br />11. Snringdale Ditch Comnanv- Well Augmentation Proiect <br /> <br />Authorization: Construction Fund <br />Water Source: South Platte Basin <br />Terms ofLoan: $135,000 @2.75% for 3D-years <br /> <br />County: Logan - Near Sterling <br />Project Yield: 10,647 acre-feet <br />Project Type: Well Augmentation <br /> <br />The Springdale Ditch Company operates the Springdale Ditch for the delivery of irrigation water within a 4,490- <br />acre service area. The headgate for the ditch is located in Logan County 6 miles southwest of Sterling. The <br />project involves the construction of augmentation ponds and drilling one augmentation well and 2 recharge wells to <br />generate credits to cover depletions from 43 irrigation wells used by Stockholders of the Company. The project <br />engineer is Brent Nation with Nation Engineering Services, Fort Morgan, Colorado. The project is currently under <br />construction and is anticipated to be complete by May of2005. <br /> <br />12. Town of New Castle - Water Transmission Svstem <br /> <br />Authorization: Construction Fund County: Garfield <br />Water Source: Colorado River Project Yield: 400 acre-feet <br />. Terms of Loan: $700,000@4.50%for30-yearsProjectType: System Rehabilitation <br /> <br />The Town of New Castle is applying for a loan to construct a new diversion structure and pump station on the Colorado <br />River, and a raw water pipeline to the Town's existing water treatment facility. Currently the Town's sole source of <br />water supply is a diversion structure on East Elk Creek, about 3 miles north of town. The Town's water supply is <br />vulnerable to downstream senior water calls, as well as potential water quality problems due to sediment and ash runoff <br />from forest fire hazard, as was experienced in 2002. The proposed project is to construct a small diversion structure on <br />the Colorado River, with gravity flow to a pump station on the south side of 1-70. From there water would be pumped <br />to a sedimentation pond on the north side of 1-70, and a second pump station would be used to lift the water to the <br />treatment plant, an elevation increase of about 250 vertical feet. A 12" PVC waterline, 8750 feet in length, would be <br />constructed from the pump station to the treatment plant. The general pipeline alignment would be initially along Elk <br />Creek, then following the Town street right-of-way for Midland Avenue. and then along County Road 245 to the water <br />treatment plant. The system would be designed to pump 1800 gpm, and each pump station would have two pumps <br />plus one back-up pump. The project will provide the Town with a reliable alternate water source during times when <br />diversion from East Elk Creek is prohibited by either water rights administration or poor water quality. The project <br />was designed by Schmueser Gordon Meyer, Glenwood Springs, Colorado, and is currently being constructed by Aspen <br />Earthmover, Carbondale, Colorado. The project is complete. The Town has submitted their final loan request on the <br />project and has requested a July I. 2005 substantial completion date to coincide with their new fiscal year. <br /> <br />13. East Fork Mutual Ditch Comvanv - Ditch Rehabilitation Proiect <br /> <br />Authorization: <br />Water Source: <br />Terms of Loan: <br /> <br />Severance Tax Trust Fund <br />East Fork Creek <br />$259,860@2.50% for 30 yrs. <br /> <br />County: Grand <br />Project Yield: 8,000 AF <br />Project Type: Ditch Rehabilitation <br /> <br />The EFMIC owns and operates the East Fork Ditch to deliver direct flow irrigation water for the benefit of the <br />shareholders. Water is diverted from the East Fork of Troublesome Creek, located about 10 miles northeast from the <br />Town of Kremmling. The 13-miles of ditch is open channel that meanders along steep mountain slopes and open <br />