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BOARD00162 (2)
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Last modified
8/16/2009 2:46:05 PM
Creation date
7/6/2007 10:38:31 AM
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Template:
Board Meetings
Board Meeting Date
5/22/2007
Description
CF Section - New Project Loans - Black Dike Pipeline Company - Black Dike Pipeline Project
Board Meetings - Doc Type
Memo
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<br />. <br /> <br />. <br /> <br />. <br /> <br />AIIIIOTT RA~CII <br />WF.1.1. REJ'l.ACDJDiT PROJECT <br /> <br />'lIo... <br /> <br />I <br /> <br /> <br />Ill' <br />Abholt Ibnch LO\H'r ('l'nter Pi\"ol I.ooking Ea'it from ComandlC' {'n'e" ",uad <br /> <br />!-roil'('1 ()escrilllion <br /> <br />The Abbott Ranch is located in Elbert County. approximately 10 miles northeast of tile <br />TO\\n of Kiowa. It consists of 1.727 acres, of which 150 acres arc inigated, and the remainder is in <br />dry-land pasture. The Ranch relics on two main revenue streams. cattle sales and hay sales. <br />Currently, the Ranch produces 300 tons of hay on the 150 acres, with 70% being available for sale <br />as horse hay. For inigation. the Ranch uses one alluvial weB that is 80 feet deep, in the Bijou Creek <br />alluvium of the Kiowa-Bijou Designated Ba'iin. Due to deterioration of tile casing pipe. the well <br />can only pump 250 gpm, and production has been reduced to 2 tons/acre or a total of 300 Ions <br />annually. This project involved drilling an 80.foot replacement well with 16" casing (40' sleel and <br />40' stainless steel), using Ihe rc-built pump from the existing well, and connecting the replacement <br />well 10 the existing system with 250 Ifofnew 6" pve piping. The new well \vas completed in the <br />summer of 2006 with a maximum production pump rate of600 gpm. <br /> <br />I)roit'ct nata <br /> <br />Sponsor: Abbott Ranch <br /> <br />County: Eiben <br /> <br />\Valer Source: Comanche Creek <br /> <br />Terms of Loan: S39,173.86@2.0% for 10-}TS. Suhstanthtl Complt'tion I>ate: Fehruary I, 2007 <br /> <br />Construction Contn)Clor: Hamacher Drilling, Inc. - Simla, Colorado <br /> <br />,\\"l'ra~e ...\nnUld Uinrsion: 400 acre-feci <br />
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