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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />~-I <br />I <br />I <br />I <br />I <br />I <br /> <br />Chapter n - Description of Sponsoring Entity <br /> <br />The Greeley and Loveland Irrigation Company, as it is known today, was officially established <br />in 1903, However, the company actually obtained its roots from the original British formulation of <br />The Loveland and Greeley Irrigation and Land Company in 1881, intending to expand the Barnes and <br />Chubbock Ditches, It was this establishment which was responsible for purchasing the land in 1882 <br />to build Lake Loveland. The second version of tl1e company was organized in 1891 by a new set of <br />British investors, now calling themselves The New Loveland and Greeley Irrigation Company, This <br />entity was responsible for the actual construction of Lake Loveland in 1894, which at its time was <br />seen as one of the more impressive engineering feats in the turn of the century. In 1900, the British <br />investors sold the company and reselVoir system to a group oflocal farmers who were more adept <br />at irrigating the arid region than were the British. <br /> <br />Seven Lakes ReselVoir Company was also formed in 1900 to acquire storage reselVoirs and <br />reselVoir sites, Seven Lakes ReselVoir Company does not have a delivery system and its water has <br />always been delivered through the canal system of the Greeley and Loveland Irrigation Company. <br /> <br />The Greeley and Loveland Irrigation Company, along with the Seven Lakes ReselVoir <br />Company, owns and operates an extensive system of reselVoirs and canals for the irrigation of <br />approximately 18,000 acres of agricultural lands in Larimer and Weld counties as shown in Figure <br />ill-I, There are a total of225 shareholders in the two companies, The two companies have decreed <br />direct flow and storage rights on the Big Thompson River for totals of 1455 cfs (999 cfs from Big <br />Barnes Ditch and 456 cfs from Greeley and Loveland Canal), the earliest dating from 1865, and <br />66,700 acre-feet respectively, <br /> <br />Two headgates known as the Big Barnes Ditch and the Greeley and Loveland Canal with <br />their points of diversion on the Big Thompson River are maintained by the Company. The Greeley <br />and Loveland Company owns and controls Lake Loveland, Boyd Lake, and the Equalizer and Houts <br />Lake ReselVoirs, The Seven Lakes ReselVoir Company owns and controls five reselVoirs: Horseshoe <br /> <br />3 <br />