PROJC01613

• Contract/PO #: C153307
• Contractor Name: Overland Ditch and Reservoir Company
• Contract Type: Loan
• Water District: 40
• County: Delta
• Bill Number: SB 77-35
• Loan Projects - Doc Type: Contract Documents

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STATE ClJ COLOMDO

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Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
131 3 Sherman Street
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]

Roy Romer
GovernOI

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Executive Direaor, DNR
DariesC. Lile, P.E.
Director, CWCB

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MEMORANDUM

TO:

Colorado Water Conservation Board Members

FROM:

William P. Stanton, P.E.
Chief, Project Planning and Construction Section

DATE:

November 8, 1996

SUBJECT: Agenda Item 15a, November 25-26, 1996 Board Meeting -
Water Project Construction Loan Program-
Request for Defennent of PayIllent - Overland Ditch & Reservoir Co.

Introduction

By letter to Chuck Lile dated September 13, 1996 (see attachment), the Board of Directors
of the Overland Ditch and Reservoir Company have requested a deferment of their December
1996 loan payment in the amount of $31,076. The purpose of this request, in part, is to help
offset financial losses suffered by the stockholders due to a combination of a dry year, a by-pass
flow release imposed by the Forest Service, record low cattle prices, and freeze losses to orchard
owners. Mr. Peter Kasper, President of the company, will be available at the meeting to explain
the situation.

Background

Overland Reservoir is located on Cow Creek, a tributary to Muddy Creek which is
tributary to the North Fork of the Gunnison River in Delta County (see attached map). The dam
was originally constructed in 1905 in Grand Mesa National Forest, about 40 miles northeast of
Hotchkiss. In 1951, it was enlarged to 6,200 acre-feet, but in 1957 it was restricted to 5,200
acre-feet due to an instability in a section of the dam. In 1988 it was rehabilitatated to 5,820 acre-
feet. Additional work on the spillway in 1991 increased the capacity to 6,203 acre-feet.

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