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<br />, <br /> <br />" <br /> <br />Water Project Construction Loan Program - Project Data <br /> <br />~ ' <br /> <br />Borrower: Hope Oitch Company <br /> <br />County: Adams <br /> <br />Project Name: Hope Oitch Company Well <br /> <br />Project Type: Well Replacement <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: Well - Denver Basin <br /> <br />Total Project Cost: $170,000 <br /> <br />Funding Sources: CWCB, HOC <br /> <br />Type of Borrower: Municipal - Middle <br /> <br />Aver. Delivery: 6.5 to 11.5 acre-feet <br /> <br />CWCB Construction Fund Loan: $154,530 <br />(inc!. 1 % loan fee) <br /> <br />Interest Rate: 3.75% Term: 30 years <br /> <br />HOC was organized as a mutual ditch company in 1993 and is a Colorado non-profit corporation in <br />good standing. HOC provides water to a portion of the Wiesner Subdivision in unincorporated <br />Adams County, located near the intersection of York Street and 165th Street. HOC has an existing <br />well (No. 13593-F) drilled in 1969 that serves 23 homes in the subdivision. The well is 950 feet <br />deep and draws water from the Laramie- Fox Hills aquifer of the Denver Basin, before being <br />chlorinated and distributed. The well pipe has significant deterioration with perforations clogging up <br />with corrosion, and as a result HOC has had to haul water in order to meet the demands. The <br />original well permit was for 60 gpm and an allowable annual withdrawal of 97 AF. Yield from the <br />well in 1969 was reported at 30 gpm, but currently the well is producing at less than 7 gpm. The <br />State Engineer"s Office (SEO) has issued a replacement well permit No. 13593-F-R, allowing <br />withdrawal of up to 48 acre-feet per year, at a rate not to exceed 30 GPM. The project involves <br />drilling a 950 foot replacement well with steel casing, and installing a new 25 gpm pump and piping <br />for the well and piping and electrical connections to the pump house building. Residents have been <br />using an average of 5000 gallons per month (0.18 AF per yr.) or a total of about 4 AF annually. <br />HOC is projecting average use with the new well of 7500 gallons per month (0.28 AF per yr.) or a <br />total of about 6.5 AF annually. A typical single-family home usage of about 0.5 AF per year. At this <br />typical rate total annual usage for 23 users could be 11.5 AF per year. <br /> <br /> <br />~ie __~_.___ <br />It '!: "-: <br /> <br />r J"L.OE <br />r--' INTERNATlo AL <br />i AIRPORT " <br />i ~~. <br />, I <br />.J i <br />, <br /> <br /> <br />>- <br /> <br />-'""} <br />._~ <br /> <br /> <br />~ <br />~.;~--- <br /> <br />>- 4 <br /> <br />Location Map <br />