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PROJ02113
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PROJ02113
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Last modified
11/19/2009 11:43:41 AM
Creation date
7/17/2007 10:24:54 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150066
Contractor Name
Tilton Lateral, Inc.
Contract Type
Loan
Water District
0
County
Mesa
Loan Projects - Doc Type
Approval Letter
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<br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br /> <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br />MEMORANDUM <br />(Updated May 31, 2001) <br /> <br />STATE OF COLORADO <br /> <br />Q <br /> <br />i <br /> <br />Bill Owens <br />Governor <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />FROM: <br /> <br />John Van Sciver, P.E. <br />Mike Serlet, P.E., Chief <br />Water Supply Planning and Finance Section. <br /> <br />Rod Kuharich <br />CWeB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />DATE: May 8,2001 <br /> <br />SUBJECT: Agenda Item 7a., May 21-22, 2001 Board Meeting <br />Tilton Lateral, Inc. <br /> <br />Introduction <br />The Tilton Lateral Inc. (TLI) is applying for a $100,000 Small Project Loan to rehabilitate the Tilton <br />Lateral. The estimated total cost of the project is $153,700. Please see the attached project <br />summary and map. <br /> <br />Backaround <br />The TLI, located in Mesa County, operates the Tilton Lateral for the benefit of the shareholders by <br />providing direct flow irrigation water to a 177 -acre service area. The Tilton is a lateral off headgate <br />#160 of the GVIC Mainline Canal. It is located in Grand Junction. The existing delivery system <br />consists of lined and unlined ditches and some underground pipe segments constructed on an "as <br />needed" basis over the years. Significant annual maintenance is needed to replace collapsed or <br />rusted out sections. The system can now deliver just over half its allocated water right. <br /> <br />TLI needs to rehabilitate the lower portion of their lateral. This work needs to be completed in fall <br />2001 to allow the TLI to access NRCS cost share funds for the project. Without the NRCS funding <br />the project is not financially feasible for TLI shareholders. The Company is eligible for a loan from <br />the Small Project Loan Account, since delaying construction until summer or fall 2002 would result <br />in a hardship on the Borrower. <br /> <br />Feasibility Studies <br />Richard Traver, Secretary/Treasurer of TLI has completed the feasibility study using information <br />provided by the Natural Resources Conservation Service (NRCS). The study includes an <br />assessment of alternatives available for rehabilitation of the Tilton Lateral. <br /> <br />Tilton Lateral Inc. <br />TLI is a mutual ditch company and a non-profit corporation registered in the State of Colorado. <br />There are 36 shareholders and 230 shares of GVIC stock. (Shareholders are assessed <br />$50/year for the Tilton and pay their own GVIC assessments.) The TLI has the power to set <br />annual assessments to be paid by the shareholders, the power to cut off water deliveries to <br />shareholders that fail to pay their assessments, and the power to acquire and sell the shares of <br />delinquent shareholders. <br /> <br />Flood Protection · Water Project Planning and Financing. Stream and lake Protection <br />Water Supply Protection. Conservation Planning <br />
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