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<br />Tunnel Water Co.
<br />January 24-25, 2001,
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<br />Agenda Item lOb,
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<br />Water Project Construction Loan Program-Project Data
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<br />Borrower: Tunnel Water Company
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<br />County: Larimer
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<br />Project Name: Laramie-Poudre Tunnel
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<br />Project Type: Rehabilitation
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<br />Drainage Basin: North Platte / South Platte
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<br />Water Source: Laramie River
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<br />Total Project Cost: $4,1 OO,OOD
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<br />Funding Sources: Company and CWCB
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<br />Type of Borrower: Agricultural/Municipal
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<br />Blended Interest Rate: 4,3%
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<br />CWCB Loan: $2,080,000
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<br />Term: 30 years
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<br />CWCB Grant: $0
<br />
<br />Average Annual Volume of Water diverted: 15,085 acre.feet
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<br />The Laramie.Poudre Tunnel is located in Larimer County, 60 miles west of Fort Collins, and diverts
<br />water from the Laramie River to the Poudre River drainage, The Tunnel Water Company operates the
<br />collection system and tunnel to supply water to 2 major shareholders, the Water Supply and Storage
<br />Company and the Windsor Reservoir and Canal Company. Water is used for irrigation within the 100,000.
<br />acre service area, A portion of the tunnel collapsed in May 29,2000, cutting off water deliveries, The
<br />Company needs to rehabilitate the tunnel prior to the 2001 irrigation season, and is currently working on
<br />the project using funds from a $1,6 million emergency loan approved by the CWCS in September 2000,
<br />The average annual volume diverted is 15,085 acre-feet. The Tunnel Water Company is a mutuai ditch
<br />company and a nonprofit corporation registered in the State of Colorado. Don Deere, P.E, of Rocky
<br />Mountain Consultants has completed engineering plans and specifications. John Van Sciver, P,E"
<br />CWCS staff, has completed the feasibility study, Proposed funding for the project consists of CWCS loans
<br />totaling $3,680,000 and $368,000 from the Company.
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<br />Location Map
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<br />6
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