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<br />Columbine Ranches POA <br />January 24-25, 2001 <br /> <br />Agenda Item 8a. <br />(Updated February 5, 2001) <br /> <br />Water Project Construction loan Program-Project Data <br /> <br />Borrower: <br /> <br />Columbine Ranches Property Owners Association <br /> <br />Project Name: Irrigation Well Augmentation <br /> <br />Project Type: Purchase Water Rights <br /> <br />County: Adams <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: South Platte <br /> <br />Total Project Cost: $532,000 <br /> <br />Funding Sources: Association and CWCB <br /> <br />Type of Borrower: Municipal <br /> <br />Median Household Income: $30,522 <br /> <br />CWCB loan Increase: $93,750 <br /> <br />Interest Rate: 5.5% Term: 30 years <br /> <br />Annual Volume of Water delivered by the Project: 120 acre-feet <br /> <br />Columbine Ranches Subdivision is located 14 miles northeast of Denver, near Barr <br />Lake. The Columbine Ranches Property Owners Association supplies water to <br />subdivision residents for irrigation, stock watering, and fire protection. The well that <br />supplies this water has a junior water right (1962) and can not be pumped unless its <br />consumptive use is replaced. The annual volume pumped is 120 acre-feet, and the <br />consumptive use is 75 acre-feet. The Association plans to purchase senior water rights <br />that are suitable for augmentation. The Columbine Ranches Property Owners <br />Association is a nonprofit corporation registered in the State of Colorado. The <br />Association has 54 members and a service area of 160 acres. Robert A. Longenbaugh, <br />P.E. has completed the feasibility study. The Association has an existing CWCB Loan <br />for $305,250. This $93,750 increase will result in a $399,000 loan authorization for the <br />Association for 75% of the cost The Association will fund the remainder. <br /> <br />Location Map <br /> <br />5 <br />