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14. Johnson and Edwards Ditch Company - Augmentation Project Authorization: Construction Fund Water Source: South Platte Basin Terms of Loan: $132,500 @ 2.5% for 30-years County: Morgan/Washington Project Yield: 8,900 acre-feet Project Type: Well Augmentation The Johnson and Edwards Ditch Company operate the Johnson and Edwards Ditch to delivery irrigation water to a 3,000 acre service area. This project involves the construction of 1 recharge well, pipeline installation, 2 recharge ponds, and the purchase of reservoir water. This project will generate sufficient augmentation credits to cover the Company's depletions from the 12 wells they are currently operating. The project is currently under construction and is anticipated to be complete by November of 2005. 15. Central Colorado Water Conservancy District - Water Rights Purchase and Gravel Pit Const. Authorization: Construction Fund County: Adams, Weld, Morgan Water Source: South Platte Project Yield: 12,300 acre-feet Terms of Loan: $20,000,000 @2.75% for 30-years Project Type: Water Supply/Augmentation The CCWCD, located in Adams, Weld, and Morgan Counties has a service area of 300 square miles. The Subdistrict has 650 members with 966 junior wells and has operated an augmentation plan for these member since 1973. On December 17,2001, the Colorado Supreme Court issued a judgment that changed the manner of operation for substitute supply plans in Colorado. The ruling stated that the State Engineer did not have the legal authority to approve substitute supply plans. The Court also stated that substitute supply plans, such as the one operated by CCWCD would either have to file for a decree in Water Court or follow new Rules and Regulations to be issued by the State Engineer. This ruling has required CCWCD to acquire more senior water rights as well as build additional storage to augment out-of-priority diversions. CCWCD is in the process of acquiring additional senior water rights. To-date the District has been approved for 3-separate loans, $15,000,000, $5,000,000, and $20,000,000. The $20,000,000 loan was recently approved at the November 2004 Board, for a total project loan authorization of $40,000,000. The $15,000,000 and $5,000,000 were substantially completed in June of 2005. 16. Town of Akron - Well and Pipeline Construction Authorization: Small Project Loan Alccount Water Source: Wells - Camp Creek Terms of Loan: $349,799 @ 3.75% for 30 yrs. County: Washington Project Yield: 530 ac.ft. Project Type: Well/Pipeline Const. The Town of Akron provides domestic water to 1,711 residents, with approximately 880 taps, residential and commercial. Ten wells feed into a 1.5 million gallon above ground 58