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<br />Ogilvy Irrigation and Land Co. <br />July 28-29, 2003 <br /> <br />Agenda Item 21c <br />(Updated August 4, 2003) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Ogilvy Irrigation and Land Company County: Weld <br /> <br />Project Name: Seeley Lake Dam Project Type: Rehabilitation <br /> <br />Drainage Basin: South Platte Water Source: Cache La Poudre River <br /> <br />Total Project Cost: $388,095 Funding Sources: Company and CWCB <br /> <br />Type of Borrower: Agricultural Interest Rate: 2.25% <br /> <br />CWCB Loan: $350,000 Term: 20 years <br /> <br />CWCB Grant: $5,000 <br /> <br />Average Annual Volume of Water diverted: 16,000 AF <br /> <br />The Ogilvy Ditch is located in Weld County, east of Greeley, and diverts water from the Cache <br />La Poudre River. The Ogilvy Irrigation and Land Company operates the ditch to supply water to <br />34 shareholders for irrigation within the 3600-acre service area. The Company wants to <br />rehabilitate the Seeley Lake Dam to address safety concerns. The project will be constructed in <br />fall 2004. The average annual volume stored in the reservoir is 1,100 acre-feet, and the <br />average annual volume diverted at the Company's headgate (direct flow and storage water) is <br />16,000 acre-feet. The Ogilvy Irrigation and Land Company is a mutual ditch company and a <br />nonprofit corporation registered in the State of Colorado. Duane Smith P.E., of Smith Geotech <br />Inc., has completed the feasibility study. The Company received a $5,000 CWCB grant for % <br />the cost of the study. Proposed funding for the project consists of a CWCB loan in amount of <br />$350,000 and the remainder from the Company. <br /> <br /> <br />\ I \1 <br /> <br />Location Map <br /> <br />5 <br />