C150206 Approval letter

• Contract/PO #: CT2015-034
• Contract/PO #: C150206
• Contractor Name: Overland Ditch and Reservoir Company
• Contract Type: Loan
• Water District: 0
• County: Delta
• Loan Projects - Doc Type: Approval Letter

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CWCS Construction Loan Program
Project Data Sheet

Borrower: Overland Ditch and Reservoir Co,

County: Delta

Project Name: Overland Reservoir Enlargement Project Type: Reservoir Enlargement

Drainage Basin: Gunnison River Basin

Water Source: Cow Creek

Total Project Cost: $1,255,555

Funding Sources: CWCB & Local Bank

Type of Borrower: Agricultural

Average Delivery: 17,000 acre-feet

Loan Amount: $1,130,000

Interest Rate: 2.5%

Term: 30 years

The Overland Reservoir Company is a non-profit mutual ditch company established in the State of
Colorado in 1895. The Company owns and operales the Overland Reservoir for the 120
shareholders and delivers an average of 17,000 AF of irrigation water annually. The Reservoir is
localed in Delta County in the Gunnison National Forest at an elevation of 10,000 feet. The
Reservoir has a current storage capacity of 6,200 AF and will be increased to 7,171 AF with this
project. The reservoir was built in 1905 and required significant repair work in 1987 by the Company
with financial assistance from CWCB and the Bureau of Reclamation. This project consists of
raising the spillway elevation by 3.8 feet, installing toe drains, increasing the dam crest width and
adding necessary embankment protection. Construction is scheduled to begin in the summer of
2007.

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