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<br />. <br /> <br />Rio Grande and Piedra Valley Ditch Co. Agenda Item Sa. <br />September 22-23, 2003 (Updated September 25, 2003) <br /> <br />Water Project Construction Loan Program.project Data <br /> <br />Borrower: Rio Grande & Piedra Valley Ditch Co. County: Rio Grande <br /> <br />Project Name: Check Structure Replacement <br /> <br />Project Type: Rehabilitation <br /> <br />Drainage Basin: Rio Grande <br /> <br />Water Source: Rio Grande <br /> <br />Total Project Cost: $69,333 <br /> <br />Funding Sources: Company and CWCB <br /> <br />Type of Borrower: Agricultural <br /> <br />Interest Rate: 2.5% <br /> <br />CWCB Loan: $52,000 <br /> <br />Term: 30 years <br /> <br />CWCB Grant: N/A <br /> <br />Average Annual Volume of Water diverted: 17,381 AF <br /> <br />The Rio Grande and Piedra Valley Ditch Company is located in Rio Grande County with office <br />in Del Norte. The Company operates the Rio Grande and Piedra Valley Ditch to supply water to <br />31 shareholders for irrigation within the 7,660-acre service area. The Company wants to <br />replace 13 wooden check structures on the ditch system. The project will be constructed in fall <br />2003. The average annual volume diverted is 17,381 acre-feet. The Rio Grande and Piedra <br />Valley Ditch Company is a mutual ditch company and a nonprofit corporation registered in the <br />State of Colorado. Laurie Clark, P.E. of the NRCS has completed the feasibility study. <br />Proposed funding for the project consists of a ewes loan in amount of $52,000 and the <br />remainder from the Company. <br /> <br /> <br />- ... <br /> <br />.... <br />- ~. <br />.w... If <br /> <br />... <br /> <br />.;. <br /> <br />.. <br /> <br />:. T --:; <br />-,-~ ..' . <br />b ..~~. <br />.-T1oQ .' <br />. "~l1cte . <br />..Ill"e <br />.. '/' <br /> <br />Service <br />L Area <br /> <br />15 <br />. <br /> <br />Location Map <br /> <br />4 <br />