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<br />. <br /> <br />Authorization: Construction Fund <br />Waler Source: Owl Creek Basin <br />Tenus of Loan: $1,125,000@2.75%for30-years <br /> <br />County: Weld <br />Project Yield: 1,200 acre-feet <br />Project Type: Reservoir Rehabilitation <br /> <br />Owl Creek Reservoir is located approximately 6 miles east and 3 miles north of the Town of Ault. The reservoir <br />was originally constructed in 1896 to store water for irrigation. The dam was constructed of granular material, and over <br />the years has suffered structural damage due to seepage. Given the condition of the dam embankment and the potential for <br />failure, the dam was intentionally breached in 1983. The proposed project involves rehabilitating the existing dam <br />embankment, the construction of a controlled outlet structure, and the construction of an emergency spillway. The project <br />was bid in the fall of 2003. The Reservoir Company is currently exploring its options increasing the dredging quantity to <br />obtain its full storage decree of 1,750 acre-feet. The Company is considering applying for additional funds from the Board <br />to achieve the full reservoir capacity. . <br /> <br />25. Pine River Irrigation District - Pump and Pipeline Project <br /> <br />Authorization: <br />Water Source: <br />Tenus of Loan: <br /> <br />HB 00-1419 Severance Tax <br />Pine River <br />$341,000@3.50% for 20-years <br /> <br />County: La Plata <br />Project Yield: 1,600 acre-feet <br />Project Type: Distribution System <br /> <br />The Pine River Irrigation District operates Vallecito Reservoir on the Pine River located approximately 15 miles north <br />of the Town of Bayfield. The eastern half of La Plata County is considered a water critical area, meaning that all of the water in <br />the basin is used during certain periods. Most of the people in this area are utilizing groundwater resources that have limited <br />quantity and are of relative poor quality. The purpose of the project is to provide a rural water system that is adequate in <br />quantity and quality to the water critical areas in La Plata County. The overall project has many components, however, this <br />particular loan is for diverting water from Vallecito Reservoir to a pressurized treatment plant The proposed project involves <br />tapping into the existing outlet tunnel, constructing a 500 foot pipeline to convey water to the treatment plant, a bridge over the <br />spillway chute, and a pump when the reservoir water level is low or to pressurize the treatment plant. The project is currently <br />on-hold pending resolution of other outside funding issues. <br /> <br />. <br /> <br />26. Riverside Reservoir and Land Company - Riverside Reservoir Spillway Rehabilitation <br /> <br />Authorization: SB 98-1189 County: Weld- NW of Wiggins <br />Water Source: South Platte River Project Yield: 200 adl. <br />Tenus of Loan: $450,000@3.75% for 20 yrs.Project Type: Spillway Rehabilitation <br /> <br />This project is the construction of an emergency spillway on the Riverside Reservoir Dam, located II miles <br />northwest of Wiggins in Weld County. The State Engineer has placed storage restriction on the reservoir until an emergency <br />spillway is completed. The Riverside Reservoir and Land Company contracted with W.W. Wheeler and Associates of Denver <br />to prepare construction plans and specifications. The State Engineer's office and the Riverside Reservoir and Land Company <br />are currently evaluating alternate spillway sizes. The Company is currently resolving right-of-way issues dO'MlStream of the <br />spiUway. <br /> <br />27. Town ofHillrose - Water Rights Purchase <br /> <br />Authorization: Severance Tax Fund County: Morgan <br />Water Source: South Platte Project Yield: 18 Acre-Feet <br />Tenus of Loan: $68,625 @ 3.5% for 30 yrs. Project Type: Water Rights <br />The Town of Hillrose is located approximately 15 miles east of Fort Morgan, along State Highway 6. The current <br />population of the Town is 270 and the Town currently serves 112 taps, with the potential to serve an additional 33 taps. <br />The Town needs to develop its own source of augmentation in order to protect its one domestic well from curtailment. The <br />Town is proposing to purchase 2 shares of the Jackson Reservoir and Y. share of the Riverside Reservoir for use as well <br />augmentation water. <br /> <br />. 28. Henry Bolen Ditch Company - Ditch Rehabilitation <br /> <br />Authorization: Severance Tax Fund <br />Water Source: Mancos River <br />TennsofLoan: $128,750@2.5%for30yrs. <br /> <br />County: Montezuma <br />Project Yield: 2,505 ad!. <br />Project Type: Ditch Rehabilitation <br /> <br />37 <br />