Caverly is a federal irrigation dam located in Larimer County, Colorado, near the city of Fort Collins. Built in 1923, this earth dam stands at a height of 10 feet and has a length of 370 feet. It serves the primary purpose of irrigation and has a storage capacity of 172 acre-feet, with a surface area of 38 acres.

Despite being classified as having low hazard potential, Caverly is considered to have a high risk level, with a risk assessment rating of 2. The dam is state-regulated and undergoes regular inspections, with the last assessment conducted in April 1991. It is equipped with a spillway type of "None" and has not been modified since its completion.

Water resource and climate enthusiasts interested in the infrastructure and management of irrigation dams will find Caverly an intriguing case study, with its historical significance and ongoing regulatory oversight reflecting the complex interplay between water resources and human development in the region.