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<br />G.M.S. Land and Cattle. LLC <br />January 22-23, 2003 <br /> <br />Agenda Item 199 <br />(Updated January 28, 2003) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: G,M.S. Land and Cattle, LLC <br /> <br />County: Weld <br /> <br />Project Name: Giffin #1 and #2 Reservoirs <br /> <br />Project Type: Rehabilitation <br /> <br />Drainage Basin: <br /> <br />South Platte River <br /> <br />Water Source: Lone Tree Creek <br /> <br />Total Project Cost: $222,896 <br /> <br />Funding Sources: CWCB and Borrower <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: <br /> <br />$200,000 <br /> <br />Interest Rate: 2.75% Term: 30 years <br /> <br />CWCB Grant: <br /> <br />$2,500 <br /> <br />Total Reservoir Volume: 139.5 acre-feet <br /> <br />Refill Volume: <br /> <br />-10('\ l: .................... f............f <br />I o,JO.-.J 0...... C-ICv~ <br /> <br />G.M.S. Land and Cattle, LLC, owns the Giffin #1 and #2 reservoirs, which are used for storage of <br />irrigation water, These reservoirs are located in Weld County, 18 miles northeast of Fort Collins <br />and are filled by Lone Tree Creek. These reservoirs have a storage capacity of 139.5 acre-feet, <br />but have become silted in. G.M,S. Land and Cattle wants to excavate a total of 105,000 cubic <br />yards of sediment and rehabilitate the upstream slope of each dam, to provide water for its <br />farming/ranching operation during drought periods. The project will be completed in winter 2003. <br />Duane Smith, P.E. of Smith Geotechnical will complete the feasibility study. Proposed funding for <br />the project consists of a $200,000 Small Project Loan and a $2,500 Feasibility Study Grant <br />from the CWCB, and the remainder from the Borrower. <br /> <br /> <br />'1 ~,.._" I l:.s. <br />~ '\ -r <br /> <br />" <br /> <br />r---"'" <br />, <br /> <br />Location Map <br />4 <br />