Laserfiche WebLink
<br />" <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />STATE OF COLORADO <br /> <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) S66-3441 <br />FAX: (303) S66-4474 <br /> <br /> <br />Memorandum <br /> <br />Bill Owens <br />Governor <br /> <br />TO: <br /> <br />Russell George <br />Executive Director <br /> <br />Colorado Water Conservation Board Members <br /> <br />Tim Feehan, P.E., Projectl4.~gyt; ~. <br />Mike Serlet, P.E., Chief, q....J <br />Water Supply Planning and Finance on <br /> <br />FROM: <br /> <br />Rod Kuharich <br />ewes Director <br /> <br />Rick Brown <br />Acting Deputy <br />Director <br /> <br />DATE: November 1, 2005 <br /> <br />SUBJECT: Agenda Item No. 24a, November 15-16, 2005, Board Meeting <br />Water Supply Planning and Finance - Changes to Existing Loans <br />Buffalo Farms Water Development, LLC <br />Well AugmentationfRecharge Project <br /> <br />INTRODUCTION <br />Buffalo Fanns Water Development is requesting an increase of$81,81O to their November 2004 <br />authorization of$195,435 for the Buffalo Fanns Augmentation Plan. The requested loan <br />increase is due to cost overruns and price increases incurred during construction ofthe project. <br /> <br />BACKGROUND <br />At the November 2004 board meeting, the Colorado Water Conservation Board approved a loan to <br />Buffalo Fanns in the amount of$l95,435, from the Severance Tax Trust Fund. The $195,435 loan <br />authorization was for the construction of the Buffalo Fann Augmentation Plan, consisting of 1 <br />recharge well, 6,000 linear feet of l8-inch PVC Pipe, connecting into 4 existing augmentation <br />wells, a highway bore, and 3 recharge ponds. <br /> <br />The Buffalo Fann Augmentation Project is located in Logan County, approximately 1.5 miles from <br />Merino. The Company is a recently formed entity consisting of neighboring fanners who own and <br />operate a contiguous group offanns in northeastern Colorado. The Company is a consortium of3 <br />separate ownership groups, each owning 1/3 interest in the new Company and the augmentation <br />project. A 1/3 interest is currently held by D. Kevin Vollmer, and a 1/3 interest by Michael Gross, <br />The remaining 1/3 interest is held by 5 separate entities known collectively as the Merino Properties <br />Group, represented by Mark Kross. <br /> <br />Brent Nation, P.E., of Nation Engineering Services, Fort Morgan, Colorado, completed the <br />feasibility study for the project in October of2004. <br /> <br />1 <br />