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Feasibility Study for the Rehabilitation of Giffin Reservoir Dam PROJECT SPONSOR The GMS Land and Cattle, LLC (GMSLCC) is a Colorado company registered with the State as a Limited Liability Company (LLC) , The company was organized in 2001. A copy of the Articles of Organization are included in Appendix B, The company's facilities include the two reservoirs, Giffin #1 and #2, shown on Figure 1. The company lists assets as follows: 1,676 acres of land; lease another 1,290 acres of land; 182 pregnant cows, 29 heifers, 14 bulls, and 4 horses; ranch house, various barns, and machine shop; and, various farm and ranch and irrigation equipment. A more complete list is included in Appendix A. Financial information on the Company from January 1, 2001 through January 14, 2003 is included Appendix A of this slUdy, For the year 2001 the Company lists income of approximately $362,040,73 with expenses of approximately $220,372.3. No valuation of assets is included in the information provided. I I I I I I I I I I PROJECT SERVICE AREA The Giffin Reservoirs are located in Weld County, Colorado in Sections 7 and 18, Township 10 North, Range 66 West of the 61h Prime Meridian. The service area irrigated from Giffin Reservoir #1 and #2 is approximately 160 acres of land located in the Northeast 114 of Section 18, Township 10 North, Range 66 West of the 61h Prime Meridian. Figure 1 shows the outline of the land owned by the Company, the location of the reservoirs, and the location of the irrigated farmland. Crops grown in the service area include alfalfa hay and pas lUre grass, The average crop yield per acre in this area is approximately 4 tons of hay. The soils in the area consist of the Olney-Ascalon-Platner soils which are deep, well drained, nearly level to rolling soils, The east side of the ranch consists of Ascalon-Peetz soils which are deep, well drained to excessively drained, nearly level to hilly soils on ridges of high plains, The climate in this area, as taken from the Soil Survey of Weld County, USDA, Soil Conservation Service, is as follows: the total annual precipitation in the area averagesl2 inches; relative humidity averages about 40%; the lowest temperalUre recorded was -39 degrees in 1951and the highest temperalUre recorded was 108 degrees in 1954; in summer the average temperalUre is 70 degrees and the average daily maximum temperalUre is 87 degrees; in the winter the average temperalUre is 29 degrees and the average daily minimum temperature is 14 degrees; the average seasonal snowfall is 40 inches; thunderstorms occur on about 41 days each year; and, the Giffin Reservoir-Feasibility Study Page I