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<br />Water Project Construction Loan Program - Project Data <br /> <br />Borrower: Buffalo Farms Water County: Logan <br />Development, LLC (BFWD) <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: $215,000 Funding Sources: CWCB, BFWD <br /> <br />Type of Borrower: Agricultural Aver. Delivery: 800 acre-feet (consump. use) <br /> <br />CWCB STTFPBA Fund Loan: $193,500 <br /> <br />Interest Rate: 2.25% Term: 20 years <br /> <br />BFWD is a recently formed entity consisting of neighboring farmers who own and operate <br />contiguous farms in northeastern Colorado, southwest of Merino. There are three ownership <br />groups, each having a 1/3 interest in the proposed recharge project. A 1/3 interest in the project <br />will be held by D. Kevin Vollmer, a 1/3 interest by Michael Goss, and the remaining 1/3 interest held <br />by 5 separate entities know collectively as the Merino Properties Group, represented by Mark A. <br />Kross. Together they farm about 1000 acres of sprinkler and flood irrigated land. Some of the <br />ground is irrigated with direct flow water and some has reservoir water. All of the ground is irrigated <br />with 11 tributary groundwater wells, with some of the land relying solely on the wells. The water is <br />typically used to irrigate corn, alfalfa, beans, and wheat. The 11 wells are currently augmented <br />under the Logan Well Users (LWU) plan of operation, and produce approximately 800 acre-feet of <br />depletions per year, with approximately 560 acre-feet of summer time depletions and approximately <br />240 acre-feet of winter time depletions. There is an existing recharge area on the property owned <br />by the Merino Properties Group, constructed in Fall 2003, covering an area of 22 acres. The <br />proposed project will add a recharge well at the river, 6000 lineal feet of pipe, and two new recharge <br />areas located on land owned by Michael Goss. Four existing wells will be connected to the <br />pipeline as augmentation wells to return water to the river when necessary. <br /> <br /> <br />'- <br /> <br />""'- <br />11oo <br /> <br />t <br /> <br />1= <br />! <br />.. ,},Orls 141; <br />~-'""......~ f,- <br /> <br />Location Map <br />