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<br />CWCS Construction Loan Program
<br />Project Data Sheet
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<br />Borrower: Headgate 396 Lateral Corporation
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<br />County: Mesa
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<br />Project Name: Ditch Pipeline Project
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<br />Project Type: Ditch Piping for Salinity Control
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<br />Drainage Basin: Colorado
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<br />Water Source: Grand Valley Irrigation Canal
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<br />Total Project Cost: $230,000
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<br />Funding Sources: NRCS, CWCB
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<br />Type of Borrower: Agricultural
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<br />Average Delivery: 1900 acre-feet
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<br />Loan Amount: $134,000 (Initial loan $230,000) Interest Rate: 2.5%
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<br />Term: 30 years
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<br />The Headgate 396 Lateral Corporation is a non-profit corporation established in the State of
<br />Colorado in 2005. The Corporation manages the 396 Lateral, which starts at the Grand Valley
<br />Irrigation Company's (GVIC) Headgate 396 and delivers agricultural irrigation water to the eleven
<br />shareholders in the Corporation. Corporation members own a total of 389 shares of GVIC water.
<br />The Headgate is located east of Grand Junction near the intersection of J Road and 21 ~ Road.
<br />The lateral to be piped is approximately 1.3 miles (7000 feet) long and carries approximately 4.3
<br />cfs. The project will install new PVC piping from 12-inch to 6-inch pipe along with metered delivery
<br />points at member-owned lands. NRCS has provided planning and design engineering services. The
<br />total project cost is $230,000. A previous phase of the project was completed in the winter of 2005
<br />for $137,000. This phase is scheduled for the winter of 2006 at a cost of $230,000. Proposed
<br />CWCB funding consists of an initial loan from CWCB for $230,000 that will be reduced by an NRCS
<br />grant of $96,000 following project completion. The remaining $134,000 will become a 3D-year
<br />CWCB Loan.
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<br />NEW PIPE
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<br />LOCATION MAP
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