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~ . . . . Water Project Construction Loan Program - Project Data Borrower: Lower Poudre Augmentation Co. County: Larimer, Weld Project Name: Timnath Flatiron Reservoir Project Type: Reservoir and Water Purchase Drainage Basin: South Platte Water Source: Box Elder Ditch, Other Sources Total Project Cost: $3,414,800 Funding Sources: CWCB, LPAC Type of Borrower: Agricultural Aver. Delivery: 657 acre-feet reservoir capacity CWCB STTFPBA Loan: $3,104,053 (incl. 1 % loan fee) Interest Rate: 2.50% Term: 30 years The LPAC is a non-profit company that was incorporated in 2004, by the New Cache La Poudre Irrigating Company (2/3 interest) and the Cache La Poudre Reservoir Company (1/3 interest.) LPAC supplies well augmentation coverage for well owners throughout the Irrigating Company service area in Larimer and Weld Counties. There are 88 wells owned by 35 individuals/entities and the augmentation demands are approximately 3200 AF. The LPAC has filed for a permanent Augmentation Plan, and has operated on a Substitute Water Supply Plan for 3-4 years. LPAC proposes to purchase the Timnath Flatrion Reservoir, and 4.5 shares of Boxelder Ditch, and construct the necessary improvements to utilize the reservoir for augmentation purposes. The reservoir is located in Larimer County at the northeast corner of 1-25 and Harmony Road, and would be filled via a lateral from the Boxelder Ditch located on the west side of 1-25. The reservoir currently has a storage capacity of approximately 657 AF, with a depth of 12-15 feet. The reservoir area was mined for sand and gravel and lined with clay once mining was complete. The reservoir has received SEa certification as a lined gravel pit storage facility. The reservoir is desirable because of its location relative to the Irrigating Company and the depletions associated with the LPAC Augmentation Plan. The Irrigating Company river diversion structure is just downstream of the reservoir, less than two miles with no intervening diversions. Thus, any water released out of reservoir can be left in the river to replace well depletions in various reaches of the Augmentation Plan, or taken to other facilities within the service area. The acquisition of the Boxelder Ditch shares provides the LPAC a good senior right to respond quickly to augmentation plan needs. Timnath Flatirons Reservoir Galeton ville me cart!, ta<. t- . .;.. 5