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<br />Orphans Wells of Wiggins LLC <br />November 19-21, 2003 <br /> <br />Agenda Item af <br />(Updated November 21, 2003) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Orphans Wells of Wiggins, LLC <br /> <br />County: Morgan <br /> <br />Project Name: Recharge and Augmentation Project <br /> <br />Project Type: Well Augmentation <br /> <br />Drainage Basin: South Platte River <br /> <br />Water Source: South Platte River <br /> <br />Total Project Cost: $1,153,000 <br /> <br />Funding Sources: CWCS and Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $1,037,700 <br /> <br />Interest Rate: 2.5% Term: 30 years <br /> <br />CWCB Grant: $2,500 <br /> <br />Average annual diversions: 6,000 acre-feet <br /> <br />The Orphans Wells of Wiggins LLC is a new company comprised of 31 separate agricultural <br />operators that own 45 wells which irrigate 4,500 of farmland. Lands owned by Company <br />shareholders receive irrigation water only from junior wells, and are not within the seNice area of <br />an existing agricultural ditch system. The project involves construction of 1 recharge well, 1 <br />augmentation well, a pipeline, and 23 recharge ponds. The project will generate augmentation <br />credits to cover depletions for 45 irrigation wells used by stockholders of the Company, The <br />project will be completed in fall-winter 2003. Brent Nation, P.E., of Nation Engineering SeNices <br />has completed the feasibility study. Proposed funding for the project consists of a $1.037,700 <br />Small Project Loan and a $2,500 Feasibility Study Grant from the CWCB, and the remainder <br />from the Company. <br /> <br /> <br />Location Map <br /> <br />5 <br />