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<br />., , '. <br /> <br />Larimer and Weld Irrigation Co. <br />July 23-24. 2002 <br /> <br />Agenda Ilem 1Sa <br /> <br />Water Project Construction Loan Program~Project Data <br /> <br />Borrower: <br /> <br />Larimer and Weld Irrigation Co. <br /> <br />County: Weld <br /> <br />Project Name: Larimer and Weld Ditch <br /> <br />Project Type: Rehabilitation/Replacement <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: Cache la Poudre, CBT <br /> <br />Total Project Cost: 51,286,612 <br /> <br />Funding Sources: CWCB <br /> <br />Type of Borrower: Agricultural <br /> <br />Aver. Delivery: 90,000 acre-feet <br /> <br />CWCB Small Project Loan: 51,000,000 <br /> <br />Interest Rate: 2.75% <br /> <br />Term: 30 years <br /> <br />The Larimer and Weld Irrigation Company (LWIC) operates a system of approximately 40 miles of <br />supply ditch, including control structures, checks and headgates. The LWIC service area extends <br />from the Cache la Poudre diversion north of Fort Collins east to near the town of Galeton, <br />encompassing approximately 86,000 acres, 55,000 acres of which are irrigated farm land. The <br />Company has direct flow rights from their diversion in the Cache la Poudre River, and is also a <br />carrier ditch for reservoir water owned by their stockholders and stockholders in several other ditch <br />and reservoir companies, as well as CBT water owned by stockholders. Total water delivered <br />through the Larimer & Weld system averages approximately 90,000 acre-feet per year. The LWIC <br />is applying for an $1,000,000 Small Projects Loan from the Construction Fund to rehabilitate and <br />replace 10 check structures and install one new check structure. The existing check structures are <br />concrete structures ranging from 25 to 14 feet in width. The new checks will have automated, air. <br />operated Obermeyer gates to control the upstream water surface elevation. The estimated total <br />cost of the project is 51,286,612. <br /> <br /> <br />WELD <br /> <br />~, <br /> <br />Location Map <br /> <br />Page 6 of6 <br />