Congratulations to egroeg38 for FTF!
Along County Road 52E between 54G and Bellvue runs the Poudre Trail bike path, running directly parallel to the road except for one area where it dips down to run along side a field instead, crossing the road a ways west.
This area is where this cache is located, a part of the bike trail less-used by bicyclists who prefer to ride straight along the shoulder of 52 rather than put out the effort to follow the bike path down and then back up. A bridge is located where the path crosses a small stream at one end; normally the stream is dry or contains just a trickle of water.
The cache container is lightly hidden--but can be difficult to find--and is big enough to hold the log and small swag. Only accessible by foot or non-motorized vehicle.