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C150185 Approval Letter
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C150185 Approval Letter
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Last modified
6/15/2011 10:15:25 AM
Creation date
7/10/2007 3:03:16 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150185
Contractor Name
Mancos Valley Beaver Ditch Company
Contract Type
Loan
Water District
34
County
Montezuma
Loan Projects - Doc Type
Approval Letter
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CWCB Construction Loan Program <br />Project Data Sheet <br />Borrower: Mancos Valley Beaver Ditch Co <br />Project Name: Beaver Ditch Pipeline Project <br />Drainage Basin: Mancos River <br />Total Project Cost: $536,900 <br />County: Montezuma <br />Project Type: Ditch Piping for Salinity Control <br />Water Source: Mancos River <br />Funding Sources: NRCS, CWCB <br />Type of Borrower: Agricultural Average Delivery: 1431 acre-feet <br />Loan Amount: $103,000 (Initial loan $413,000) Interest Rate: 2.5% Term: 30 years <br />The Mancos Valley Beaver Ditch Company is anon-profit corporation registered in the State of <br />Colorado in 2003. The Company manages the Beaver Ditch for the four (4) members that own <br />water rights and land served by the ditch. The diversion point is located southwest of the Town of <br />Mancos, The ditch is approximately 4.6 miles (24,000 feet) long and carries approximately 10.5 cfs. <br />The proposed ditch pipeline project will install new PVC piping from 18-inch to 10-inch pipe along <br />with metered delivery points at member-owned lands. NRCS will provide planning, design and field <br />engineering services. Proposed CWCB funding consists of an initial loan from CWCB for $413,000 <br />that will be reduced by an NRCS CRB Salinity Control Program grant for $310,000 following project <br />completion. The remaining $103,000 will become a 30-year CWCB Loan. <br />LOCATION MAP <br />
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