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<br />Town of Ridgway Agenda Item 13a. <br />November 22-23,1999 Updated December 1, 1999 <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: <br /> <br />Town, of Ridgway <br /> <br />Project Name: Raw Water Pipeline Project Type: New Construction <br /> <br />County: Ouray Drainage Basin: Gunnison Water Source: Uncompahgre/Coal Cr. <br /> <br />Total Project Cost: $108,000 <br /> <br />Funding Sources: Town and CWCS <br /> <br />Type of Borrower: Municipal <br /> <br />Median Household Income: Standard <br /> <br />CWCB Loan: $77,000 <br /> <br />Interest Rate: 4.75% <br /> <br />Term: 20 years <br /> <br />CWCB Grant: $0 <br /> <br />Average Annual Volume of Water to be Diverted: 50 acre-feet <br /> <br />The Town of Ridgway is located in Ouray County, 26 miles south of Montrose, on the <br />Uncompahgre River. The Town is an incorporated Colorado Municipality. Ridgway operates <br />water treatment and distribution facilities to provide water to its residents (350 taps.) The <br />existing water treatment facility does not have sufficient capacity to provide irrigation water for <br />parks, and the Town wants to construct a new raw water pipeline for that purpose. The average <br />annual volume to be diverted by the new system will be about 50 acre-feet. Joanne Fagan P.E. <br />has completed the feasibility study. Proposed funding for the project consists of a CWCS loan <br />for $77,000, and $31,000 from the Town. The Town paid the cost of the feasibility study. <br /> <br />Location Map <br /> <br />4 <br />