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<br />- <br /> <br /> <br />Riverside Ditch and Allen Extension Company <br />July 23.24, 2002 <br /> <br />Agenda Item 19b. <br />(Updated July 25, 2002) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Riverside Ditch and Allen Extension Company <br /> <br />County: Chaffee <br /> <br />Project Name: Riverside Ditch / Allen Extension Project Type: <br /> <br />Rehabilitation <br /> <br />Drainage Basin: <br /> <br />Arkansas River <br /> <br />Arkansas River <br /> <br />Water Source: <br /> <br />Total Project Cost: $67,000 <br /> <br />Funding Sources: NRCS, CWCB <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Small Project Loan: $50,000 <br /> <br />Interest Rate: 2.75% <br /> <br />Term: 30 years <br /> <br />CWCB Grant: $0 <br /> <br />Acre-feet Diverted: 4,000 acre-feet <br /> <br />The Riverside Ditch and Allen Extension Company operates the Riverside Ditch/Allen Extension <br />Ditch for the benefit of its 18 shareholders by delivering water from the Arkansas River for <br />irrigation within a 420-acre service area. The ditch is located about 7 miles north of Buena Vista. <br />The ditch needs to be rehabilitated by replacing 3 trestles that were built in 1940 with new siphon <br />pipelines, maintaining the current ditch capacity of 29 cfs, The Riverside Ditch and Allen <br />Extension Company is a Colorado non-profit Ditch Company registered in the State of <br />Colorado. The NRCS has completed preliminary plans and a cost estimate for the project and <br />the Company has completed the feasibility study. Proposed funding for the project consists of a <br />cwes Small Project Loan for $50,000 and the remainder from the NRCSin the form of a grant <br />to cover the cost of planning and design. <br /> <br /> <br />Location Map <br />4 <br />