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C150235 Approval letter
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C150235 Approval letter
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Last modified
3/27/2014 9:47:21 AM
Creation date
7/6/2007 2:15:31 PM
Metadata
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Template:
Loan Projects
Contract/PO #
C150235
Contractor Name
Platte Valley Irrigation Company
Contract Type
Loan
Water District
0
County
Weld
Loan Projects - Doc Type
Approval Letter
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<br />Water Project Construction Loan Program - Project Data <br /> <br />Borrower: Platte Valley Irrigation Company <br /> <br />County: Weld <br /> <br />Project Name: Platte Valley Reservoir No. 1 <br /> <br />Project Type: New Equalizer Reservoir <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: Evans Ditch NO.2 <br /> <br />Total Project Cost: $2,628,600 <br /> <br />Funding Sources: CWCS, PVIC <br /> <br />Type of Borrower: Agricultural <br /> <br />Aver. Delivery: 52,401 acre-feet <br /> <br />CWCB Construction Fund Loan: $2,388,650 Interest Rate: 2.25% Term: 20 years <br />(inc!. 1% loan fee) <br /> <br />PVIC is a Colorado mutual ditch company and non-profit corporation serving approximately 14,832 <br />acres of irrigated farm land in Weld County east of Platteville. PVIC diverts water for irrigation from <br />the South Platte River near Fort Lupton and shares a jointly owned headgate with Farmers <br />Reservoir and Irrigation Company (FRICO), as well as about 10 miles of the jointly owned Platte <br />Valley Canal. Flow is divided at a bifurcation structure and PVIC water is carried in the Evans NO.2 <br />Ditch. Average annual diversions are 52,401 acre-feet. PVIC needs an equalizer on the ditch to <br />allow for more efficient management of the water, as well as additional measurement and control <br />structures on their main ditch. They have purchased a 80 acre property to construct a reservoir. <br />PVIC needs to improve the flow measuring capability of various reaches in the ditch, as directed by <br />Water Court, in order to claim recharge credits in their system. The reservoir will have a junior <br />water right for storage of water directed to PVIC's recharge program. In an average year the <br />reservoir is expected to store 300 acre feet, with a 300 acre feet refill. Construction will consist of a <br />431 acre-foot reservoir with a 14 foot high dam embankment with 10: 1 upstream slopes and 3: 1 <br />downstream slopes. The reservoir bottom will be lined using clay from the required excavation as <br />necessary to exclude groundwater. The outlet will be a 48 inch RCP, configured to act as the <br />principal spillway. The project also includes relocation of an existing section of Evans No.2 Ditch <br />below the split from the Platte Valley Canal, modification of the existing bifurcation structure, and <br />construction of three (3) new Parshall Flumes in various reaches of the ditch, as directed by the <br />Water Court. <br /> <br />. 3 <br /> <br /> <br />l:I~rnS'lllle <br /> <br />WELD <br /> <br />\ <br /> <br />;25 <br /> <br />) 6 <br /> <br />Ie ,~>, Location Map <br />._'~:~_.- <br /> <br />- <br />
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