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Last modified
8/16/2009 2:44:02 PM
Creation date
2/20/2007 11:04:45 AM
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Board Meetings
Board Meeting Date
11/13/2006
Description
CF Section - Construction Fund and Severance Tax Trust Fund Perpetual Base Account New Loans - Platte Valley Irrigation Company - New Equalizer Reservoir Project
Board Meetings - Doc Type
Memo
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<br />~ <br /> <br />Water Project Constr,uction Loan Program - Project Data <br /> <br />Borrower: Platte Valley Irrigation Company <br /> <br />County: Weld <br /> <br />. <br /> <br />Project Name: Platte Valley Reservoir NO.1 <br /> <br />Project Type: New Equalizer Reservoir <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: Evans Ditch No.2 <br /> <br />Total Project Cost: $2,628,600 <br /> <br />Funding Sources: CWCB, PVIC <br /> <br />Type of Borrower: Agricultural <br /> <br />Aver. Delivery: 52,401 acre-feet <br /> <br />CWCB Construction Fund Loan: $2,388,650 Interest Rate: 2.25% Term: 20 years <br />(incl. 1 % loan fee) <br /> <br />PVIC is a Colorado mutual ditch company and non-profit corporation serving approximately 14,832 <br />acres of irrigated farm land in Weld County east of Platteville. PVIC diverts water for irrigation from <br />the South Platte River near Fort Lupton and shares a jointly owned headgate with Farmers <br />Reservoir and Irrigation Company (FRICO), as well as about 10 miles of the jointly owned Platte <br />Valley Canal. Flow is divided at a bifurcation structure and PVIC water is carried in the Evans NO.2 <br />Ditch. Average annual diversions are 52,401 acre-feet. PVIC needs an equalizer on the ditch to <br />allow for more efficient management of the water, as well as additional measurement and control <br />structures on their main ditch. They have purchased a 80 acre property to construct a reservoir. <br />PVIC needs to improve the flow measuring capability of various reaches in the ditch, as directed by <br />Water Court, in order to claim recharge credits in their system. The reservoir will have a junior <br />water right for storage of water directed to PVIC's recharge program. In an average year the <br />reservoir is expected to store 300 acre feet, with a 300 acre feet refill. Construction will consist of a . <br />431 acre-foot reservoir with a 14 foot high dam embankment with 10:1 upstream slopes and 3:1=__ <br />downstream slopes. The reservoir bottom will be lined using clay from the required excavation as <br />necessary to exclude groundwater. The outlet will be a 48 inch RCP, configured to act as the <br />principal spillway. The project also includes relocation of an existing section of Evans NO.2 Ditch <br />below the split from the Platte Valley Canal, modification of the existing bifurcation structure, and <br />construction of three (3) new Parshall Flumes in various reaches of the ditch, as directed by the <br />Water Court. <br /> <br /> <br />'. <br /> <br />: 21 <br /> <br /> <br />:)'. <br /> <br />. ~t . <br /> <br />FORT MORGAAI <br />MUSEUM <br /> <br />FT. <br />.MORGA~ <br />rutlrgBn <br />Commur <br />College <br /> <br />.~ MORGAN <br /> <br />) <br />I <br /> <br />Fires! ne <br /> <br />Frede. d< <br /> <br />scono <br /> <br />Location Map <br /> <br />.: <br /> <br />-./ <br /> <br />;(:;:::. <br />- <br />
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