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<br />Terrace Irrigation Company <br />March 17, 2004 <br /> <br />Agenda Item 25e. <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Terrace Irrigation Company County: Conejos <br /> <br />Project Name: Terrace Reservoir Outlet Repairs Project Type: Reservoir Rehabilitation <br /> <br />Drainage Basin: Rio Grande Water Source: Alamosa River <br /> <br />Total Project Cost: $270,000 Funding Sources: Company and CWCB <br /> <br />Type of Borrower: Agricultural Interest Rate: 2.5 <br /> <br />CWCB Loan: $245,430 (Includes Org. Fee) Term: 30 years <br /> <br />CWCB Grant: $5,000 <br /> <br />Average Annual Volume of Water diverted: 15,339 AF <br /> <br />The TIC, located in Conejos County, owns and operates the Terrace Reservoir to deliver direct flow <br />irrigation water for the benefit of the 27 shareholders. Water is stored in Terrace Reservoir from <br />flows from the Alamosa River and released downstream into the Alamosa River and diverted <br />through Main Terrace Canal and the Alamosa Creek Canal. The project involves the construction <br />of a cofferdam to allow access to the outlet works, the removal and replacement of the existing <br />trash rack, debris and sediment removal within the outlet pipe, the repair of the existing double leaf <br />48-inch gate valve in the west outlet tunnel, and general maintenance to the downstream ring-jet <br />valve. <br /> <br />5 <br />