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<br />Agenda Item 16c, <br />July 13-14,1998 <br />Leroux Creek Water Users Association <br /> <br />Page 7 <br /> <br />(Updated 8/6/98) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: <br /> <br />Leroux Creek Water Users Association <br /> <br />Project Name: Carl Smith Dam Rehabilitation <br /> <br />Project Type: Dam Rehabilitation <br /> <br />County: Delta Drainage Basin: Gunnison <br /> <br />Water Source: Leroux Creek <br /> <br />Total Initial Project Cost: <br /> <br />$300,000 <br /> <br />Funding Sources: Company and CWCB <br /> <br />Type of Borrower: <br /> <br />Agricultural/Municipal Median Household Income: <br /> <br />Low Income <br /> <br />CWCB Loan: <br /> <br />$300,000 <br /> <br />Interest Rate: 4% <br /> <br />Term: 30 years <br /> <br />Annual Volume of Water delivered by the Project: 4000 acre-feet <br /> <br />Carl Smith Reservoir is located about 15 miles north of Hotchkiss and the North Fork of the <br />Gunnison River, in the Leroux Creek drainage. The dam failed May 2, 1998, and the reservoir <br />can not be used for storage. If the dam is not rehabilitated the Association will not be able to <br />regulate and deliver approximately 4000 acre-feet to meet the water needs of its shareholders in <br />1999. The Leroux Creek Water Users Association is a private company with 76 shareholders and <br />a service area of approximately 3000 acres. The Association is in the process of selecting an <br />engineering firm to complete the feasibility study and to prepare plans and specifications for the <br />project. Project construction will start in the fall of 1998, and be completed in 1999. Proposed <br />initial funding for the project consists of a CWCB Emergency Loan in amount of $300,000, a <br />$5,000 CWCB grant form the Severance Tax Operational Account, and $30,000 from the <br />Company. <br /> <br />Location Map <br />