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. . STATE OF COLORADO 721 Slale Cenlenni<ll BuddIng 1313 Sherman $treel Denver. Colorado 60203 Phone ~303) 666-344 1 FAX (303) 66&-4474 MEMORANDUM o COLORADO WATER CONSERVATION BOARD Departmenl of Nalural Resources (UPDATED 11/12/93) Roy Romer Go....emor TO: Members, CWCB Danes G.lde. p.E OireClor. ewes FROM: John Van Sciver DATE: November 12, 1993 SUBJECf: Agenda Item ge, November 9-10, 1993, Board Meeting-- The Highline-Buzzard Ditch Company Approval of a Construction Fund Loan in amount of $50,000 to place 3000 feet of ditch in pipeline. BACKGROUND The Highline-Buzzard Ditch Company, located in Collbran Colorado, has submitted an application for a loan to place 3000 feet of their ditch system in a pipeline. This would mean that the entire system (about 3.5 miles in total length) would be in pipe. They have requested $50,000 (4% for 30 years) which represents the estimated cost of materials only. (Total project cost is approximately $65,000). This project will solve an existing problem where a section of the ditch is around a steep hillside which is prone to slides. The project will also reduce ditch losses and promote conservation. Feasibility work is underway by the SCS, and the project will be completed m accordance with SCS plans and specifications. DISCUSSION The project will help conserve existing water rights, and place these rights to beneficial use. The company has an eXistmg loan with the CWCB in original amount of approximately $64,000 (5% for 25 years), and would like the option of combining this loan with the requested loan at the standard terms of 4% for 30 years. By consolidating loans the company's annual payment for these two projects will be about $1000 less than with separate loans.