From The Pueblo Chieftain (Chris Woodka):
La Veta serves about 800 residents and uses 209 acre-feet of water annually, on average. Its two reservoirs hold a combined 350 acre-feet. The town, located southwest of Walsenburg, already has a hefty debt from replacing water mains, so the 3 percent, 30-year loan from the Colorado Water Conservation Board is very welcome, [Rob Saint Peter] said…
The North Lake reservoir was built in the 1940s and holds about 80 acre-feet, but is deeper than the South Lake reservoir that holds 270 acre-feet. The state engineer put restrictions on North Lake that have kept it drawn down by 2 1/2 feet…
The CWCB also heard updates:
– On a $1.18 million loan to the Two Rivers Water Co. for rehabilitation of Orlando Reservoir.
– On a $9 million loan to Penrose for the purchase and storage of water rights from the Goodwin Ranch.
– On a $1.3 million renovation of the Las Animas Consolidated Ditch extension diversion on the Arkansas River. Xcel Energy owns most of the water rights, but the CWCB provided a $260,000 loan to the remaining shareholders of two ditch companies to complete the roller-compacted concrete intake.
More CWCB coverage here.