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<br />Smart Bros. Inc. <br />July 20-21, 2004 <br /> <br />Agenda Item 14a <br /> <br />Water Project Construction Loan Program - Project Data <br /> <br />Borrower: Smart Bros. Inc. (SBI) County: Logan <br /> <br />Project Name: Groundwater Recharge Project Project Type: Well Augmentation <br /> <br />Drainage Basin: South Platte Water Source: Recharge Well <br /> <br />Total Project Cost: $266.500 Funding Sources: CWCB, 5BI <br /> <br />Type of Borrower: Agricultural Aver. Delivery: 1000 - 1500 acre-feet <br /> <br />CWCB Construction Fund Loan: $239,850 <br /> <br />Interest Rate: 2.5% <br /> <br />Term: 30 years <br /> <br />SBI is a family owned and operated farming and custom cattle feeding operation located <br />approximately 2 miles southwest of Atwood, consisting of approximately 1250 acres of sprinkler and <br />flood irrigated farm ground and a 5000 head feedlot operation, with plans to expand to 8000 head. <br />The SBI farm ground is irrigated with direct flow water, reservoir water and 9 tributary groundwater <br />wells. The feedlot has water provided by 3 commercial wells. The 12 wells are currently <br />augmented under the Logan Well Users (LWU) plan of operation, and produce approximately 1215 <br />acre-feet of depletions per year. SBI has an existing recharge area that is fed through the terminal <br />end of the South Platte Ditch. Icing of the ditch poses a significant problem during the winter, <br />making running recharge water impossible at times. SBI wants to develop a more flexible <br />recharge system that will generate more augmentation water to be used to offset the depletions <br />caused by their 12 wells. They currently generate credits to offset their charges, but are short in <br />dry years, and are vulnerable because of the ditch icing. The proposed projecfwill add a recharge <br />well at the river to pump to the recharge sites at a maximum of 7 cfs, 13,000 feet of 18" PVC pipe, <br />and 3 new recharge areas. SBI would also tie 4 existing wells into the pipeline for supplying <br />augmentation water directly back to the river. The SBI plan is to generate approximately 1000 - <br />1500 acre-feet of depletion credits. <br /> <br /> <br />:;~""~l. <br /> <br />'f~- > <br /> <br />',>= <br /> <br />I ~ <br /> <br />...........Rft," , <br /> <br />.. <br /> <br />Location Map <br /> <br />Page 6 of 6 <br />