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. . . Water Project Construction Loan Program - Project Data Borrower: Penrose Water District (PWD) Water Activity Enterprise County: Fremont Project Name: Penrose Raw Water Acquisition and Development Project Project Type: Water Rights Purchase and Raw Water Pipeline Drainage Basin: Arkansas Water Source: Arkansas - Pleasant Valley Ditch Total Project Cost: $9,730,000 Funding Sources: CWCS, PWD, DOLA Type of Borrower: Municipal/Low Aver. Delivery: 339 AF consumptive use ewes Construction Fund Loan: $8,844,570 Interest Rate: 3.25% Term: 30 years (incl. 1% loan fee) The PWD currently provides domestic water to approximately 4,000 people with 1,700 taps in and around the Town of Penrose, with existing demand of 489 acre-feet per year. PWO's water supply is obtained by a lease with the Beaver Park Water, Inc. (BPW) who owns and operates Brush Hollow Reservoir. The 1990 lease has a 3D-year term, and provides an increasing amount of water each year, 751 AF in 2006, leveling out at 1,000 AF in 2020. In drought years, the amount available to PWD is further reduced below the contract amount. Future build..out demand in 2040 is projected to be 1,200 acre-feet for about 8,000 residents and 3,240 taps. The proposed Enterprise project includes the acquisition of 10/12lh of the Pleasant Vatley Ditch water rights near Howard, with a change in use and change in point of diversion approximately 50 miles downstream to Sec. 13, T19S, R69W. Water will be obtained through the installation of 7 shallow alluvial wells immediately north of the Arkansas River, and then pumped approximately 5.8 miles through a 12- inch transmission line to Brush Hollow Reservoir. As part of the project, Brush Hollow Reservoir will be enlarged by raising the dam four feet. Because of the drought, there has been reduced availability of water from BPW. The project and water rights purchase will supplement the existing BPW lease, and lessen PWD's reliance on BPW leased water, particularly in drought situations. ,. I J~ 'c~,\j ;;j~ I I .F '(~ ' --.J,--,~. I .1 r .f 1.l~"'" ::-.WI"'~ 1'."'0'" m.,.. Ili'lri"-- .,-- ~~" L ~ ' "" "., "'.}. ."~" OJ' r___ .- " ,,,, EI '" ~ ., '. . FREMONT ~ "'''''''' . l\A8fl ~ AlIOfl(~l ., \ .-;--~-,------_.~---" J,- ......... .J'_ . /PI' '4'..-. ,..,...... .. ~',l.'_. ~.... , ~ Location Map