FINANCIAL_SERVICESONGOING

Colorado Water Conservation Board Agenda Packet Dry Gulch Reservoir Land Acquisition Loan Restructure Concept 2026-05-20

SJWCD advances CWCB-financed Headwaters Project framework

Colorado Water Conservation BoardSAN JUAN WATER CONSERVANCY DISTRICTMay 20, 2026

Trusted by teams at

Description

San Juan Water Conservancy District outlines a CWCB-backed framework under which it will retain ownership of Running Iron Ranch, continue development of the San Juan River Headwaters Project, and use proceeds from a partial land sale to secure CWCB loan payments through 2036. The plan follows a 2015 CWCB loan modification that assigned SJWCD primary responsibility for project development.

Contract Details

Vendor

SAN JUAN WATER CONSERVANCY DISTRICT

Agency

Colorado Water Conservation Board, CO

Contract Type

FINANCIAL_SERVICES

Document Date

May 20, 2026

Contract Term

Loan repayment period through 2036; ongoing project development

Renewal Date

2036-12-31

Renewal Info

CWCB’s original 2008 financing included a grant to SJWCD and a loan to PAWSD for Running Iron Ranch; in 2015 the loan was modified to extend repayment and assign primary project development duties to SJWCD. In 2026, SJWCD anticipates seeking CWCB approval for further restructuring that uses proceeds from a partial ranch sale to secure loan payments through 2036 while SJWCD continues project development.

Issuing Agency