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<br />- . <br /> <br />East Fort Mutual Ditch Company <br />January 27, 2004 <br /> <br />Agenda Item 14b. <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: East Fork Mutual Irrigation Company County: Grand <br /> <br />Project Name: Pipe and Slope Stabilization Project Type: System Rehabilitation <br /> <br />Drainage Basin: Colorado Water Source: E. Fork Troublesome Crk. <br /> <br />Total Project Cost: $343,049 Funding Sources: Company and CWCS <br /> <br />Type of Borrower: Agricultural Interest Rate: 2.5% <br /> <br />CWCB Loan: $259,860 (Includes Org. Fee) Term: 30 years <br /> <br />CWCB Grant: $5,000 <br /> <br />Average Annual Volume of Water diverted: 8,000 AF <br /> <br />The EFMIC, located in Grand County, owns and operates the East Fork Ditch to deliver direct flow <br />irrigation water for the benefit of the 7 shareholders. Water is diverted from the East Fork of <br />Troublesome Creek, located about 10 miles northeast from the Town of Kremmling, through a 13- <br />mile ditch system to the 4,OOO-acre service area. The East Fork Mutual Irrigation Company <br />(EFMIC) is applying for a loan in the amount of $257,287 to make repairs to their existing ditch <br />system. The estimated total cost of the project is $343,049, which includes pipe installation, pipe <br />joint rehabilitation, slope stabilization, and concrete headwalls. <br /> <br /> <br />""}'"\ <br />'. - ,.........-., ," -\ ' <br />f,'..>' ' '.!{.- <br /> <br />Location Map <br /> <br />5 <br />