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<br />ST A TE OF COLORADO <br /> <br />c' <br /> <br />" <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Na.tural Resources <br />1313 Shennan Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />Bill Owens <br />Governor <br /> <br />MEMORANDUM <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Mike Serlet, P.E., Chief ,,# (' <br />Water Supply Planning :?F;;;ance Section <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />FROM: <br /> <br />Dan McAuliffe <br />Deputy Oitect<n: <br /> <br />DATE: <br /> <br />September 3,2002 <br /> <br />SUBJECT: <br /> <br />Agenda Item 11 b - September 11-12, 2002, Board Meeting <br />Water Supply Planning and Finance - Changes to Existing Loans <br />Overland Ditch and Reservoir Company - <br />Loan Payment Deferral Request <br /> <br />Introduction <br /> <br />By letter dated August 7, 2002 (attached), the President of the Overland Ditch and Reservoir <br />Company (ODRC) has requested a deferment of one of their CWCB Construction Fund loan <br />payments. ODRC's $31,076 loan payment for Contract #C-153307 is due December 1 of each year. <br />The purpose for this request is to help offset the District's financial difficulty experienced from this <br />year's extreme drought. Mr. Peter Kasper, President of the ODRC will be available at the meeting to <br />explain the situation. <br /> <br />Background <br /> <br />Overland Reservoir is located on Cow Creek, a tributary to Muddy Creek that is tributary to <br />the North Fork of the Gunnison River in Delta County. The dam was originally constructed in 1905 <br />in Grand Mesa National Forest, about 40 miles northeast of Hotchkiss. The dam was enlarged in <br />1951 to 6,200 acre-feet, but in 1957 it was restricted to 5,200 acre-feet due to an unstable section of <br />the darn, In 1986 it was rehabilitated with assistance from the CWCB Construction Fund loan <br />program. Additional work on the spillway in 1991 increased the capacity to 6,203 acre-feet. <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />