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LPPD000446 (2)
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Last modified
4/18/2011 1:47:52 PM
Creation date
6/11/2007 10:12:33 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150098
Contractor Name
Lake Henry Reservoir Company
Contract Type
Loan
Water District
17
County
Crowley
Bill Number
HB 02-1152
Loan Projects - Doc Type
Approval Letter
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<br />Lake Henry Reservoir Co. <br />November 19-20, 2001 <br /> <br />Agenda Item 22g, <br />(Updated November 27,2001) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Lake Henry Reservoir Co. <br /> <br />County: <br /> <br />Crowley <br /> <br />Project Name: <br /> <br />Lake Henry Dam <br /> <br />Project Type: <br /> <br />Rehabilitation <br /> <br />Drainage Basin: <br /> <br />Arkansas River <br /> <br />Water Source: <br /> <br />Arkansas River <br /> <br />Total Project Cost: $653,000 <br /> <br />Funding Sources: CWCB, Bank <br /> <br />Type of Borrower: Municipal/Agricultural <br /> <br />Median Household Income: Middle <br /> <br />CWCB Loan: $490,000 <br /> <br />Interest Rate: <br /> <br /> <br />Blended <br /> <br />Term: 30 years <br /> <br />CWCB Grant: $0 <br /> <br />Reservoir Capacity: 9,500 acre-feet <br /> <br />The Lake Henry Reservoir Company operates the Lake Henry Reservoir for the benefit of its 12 <br />shareholders by providing storage of water for a variety of beneficial uses, including water for <br />irrigation within a 551-acre service area. The diversion and headgate are located on the Arkansas <br />River and the Reservoir is located about 5 miles northeast of Ordway. The dam needs to be <br />rehabilitated by construction of toe drains and an emergency spillway, in accordance with State <br />Engineer safety standards. The reservoir has a capacity of 9,500 ac-ft. The Lake Henry <br />Reservoir Company is a mutual ditch company and a nonprofit corporation registered in the <br />State of Colorado. URS Consultants has completed preliminary plans and a cost estimate for <br />the project and CWCB Staff has completed the feasibility study. Proposed funding for the <br />project consists of a CWCB Construction Fund Loan for $490,000 and a bank loan for the <br />remainder. <br /> <br /> <br />Location Map <br />5 <br />
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