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<br />w <br /> <br />Water Project Construction Loan Program - Project Data <br /> <br />Borrower: Abbot Ranch <br /> <br />County: Elbert <br /> <br />Project Name: Well Replacement Project <br /> <br />Project Type: Well Replacement <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: Alluvial Well - Kiowa-Bijou <br /> <br />Total Project Cost: $54,388 <br /> <br />Funding Sources: CWCB, Abbott Ranch <br /> <br />Type of Borrower: Agricultural <br /> <br />Aver. Delivery: 400 acre-feet <br /> <br />CWCB Construction Fund Loan: $49,440 Interest Rate: 2.00% Term: 10 years <br />(incl. 1% loan fee) <br />The Abbott Ranch is located in Elbert County, approximately 10 miles northeast of the Town of <br />Kiowa. It consists of 1727 acres, of which 150 acres are irrigated, and the remainder is in dry-land <br />pasture. The Ranch relies on two main revenue streams, cattle sales and hay sales. Currently, the <br />Ranch produces 300 tons of hay on the 150 acres, with 70% being available for sale as horse hay. <br />For irrigation, the Ranch uses one alluvial well that is 80 feet deep, in the Bijou Creek alluvium of <br />the Kiowa-Bijou Designated Basin. There is a one half-pivot (lower 70 acres) west of Comanche <br />Creek, and one whole pivot (upper 80 acres) east of the Creek. The existing well feeds the lower <br />center half-pivot first and then feeds the upper whole pivot by an interconnecting pipeline. The well <br />permit allows an annual withdrawal of 400 AF at 700 gpm. Historically, the well pumped at 700 <br />gpm which produced 6 tons per acre or a total of 900 tons. Due to deterioration of the casing pipe, <br />the well can only pump 250 gpm, and production has been reduced to 2 tons/acre, or a total of 300 <br />tons annually. The proposed project will include drilling the 80-foot replacement well with 16" <br />casing (40' steel and 40' stainless steel), using the re-built pump from the existing well, and <br />connecting the replacement well to the existing system with 250 If of new 6" PVC piping. In <br />addition, the Ranch has incurred costs of $12,678 in well-related expenses which will be included. <br /> <br /> <br />J <br /> <br />-----~,------- <br /> <br />~~ <br /> <br />{f" 96( <br />.~'" <br /> <br />J <br />..( <br />) <br /> <br />!" ..^..~. <br /> <br />ELBERT <br /> <br />Location Map <br /> <br />~ <br />