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. . . Water Project Construction Loan Program - Project Data Borrower: Greeley Irrigation Company County: Weld Project Name: Greeley Canal No. 3 Project Type: Ditch Rehabilitation Drainage Basin: South Platte Water Source: Cache La Poudre River Total Project Cost: $2,457,500 Funding Sources: CWCS, GIC Type of Borrower: Agricultural/Municipal Aver. Delivery: 18,000 acre-feet CWCB Construction Fund Loan: $2,233,867 Interest Rate: 2.85% Term: 30 years (incl. 1 % loan fee) GIC provides irrigation water to a service area of 2,367 acres in Weld County, generally within the City of Greeley and east of the City. GIC operates the Greeley Canal No.3, constructed in 1870 by the Union Colony. In 1875, the Union Colony deeded an undivided 3/8ths interest in the Canal to the then Town of Greeley. In 1882, the GIC was incorporated and the Union Colony quit-claimed its remaining 5/8ths interest in the Canal to GIC. About 1,100 acres of the 3,500 original irrigated acres have been subject to dry-up, and water converted to augmentation use. Present canal usage is roughly 1/3 City of Greeley, 1/3 agricultural irrigation, and 1/3 augmentation. GIC facilities consist of a river diversion structure, approximately 13 miles of earthen canal, check structures, delivery headgates, spill structures, trash screens, and other minor structures. A portion of these facilities are in need of repair, upgrades, or replacement. GIC diverts water from the Cache la Poudre River west of Greeley and the canal terminates east of approx. 12 miles downstream. Average annual headgate diversions are 18,678 acre-feet. GIC also receives about 1300-1400 acre feet annually from Fossil Creek Reservoir. Combined delivery from direct flow diversions and storage is about 18,000 AF. The GIC Board is undertaking a number of phased improvements to the canal including: 1) repairs to, and partial replacement of, the river diversion; 2) piping or lining of portions of the canal; 3) consideration of canal automation using supervisory control and data acquisition (SCADA) equipment; 4) tree removal and tree pruning; 5) canal realignment, reshaping, and straightening; and 6) removal or repair of selected headgates and installation of new headgates. This is the first step of a phased canal modernization, that would have the effect of improving overall canal operations and operational efficiency; increasing consistency of shareholder headgate deliveries; decreasing operational liabilities; and reducing unnecessary operational spills. . . . ....... I "'. Ga letan vi lie Car.." L3<. ?