Laserfiche WebLink
<br />FL Gill H20 LLC <br />March 16-17,2004 <br /> <br />Agenda Item 25d <br />(Updated March 18,2004) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: FL Gill H20 LLC <br /> <br />County: Washington <br /> <br />Project Name: Recharge and Augmentation Project <br /> <br />Project Type: Well Augmentation <br /> <br />Drainage Basin: South Platte River <br /> <br />Water Source: South Platte River <br /> <br />Total Project Cost: $127,500 <br /> <br />Funding Sources: CWCB and Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $114,750 <br /> <br />Interest Rate: 2.25% Term: 20 years <br /> <br />CWCB Grant: $300 <br /> <br />Average annual well diversions: 1,072 acre-feet <br /> <br />The FL Gill H20 LLC, located in Washington County, consists of the owners or 3 contiguous <br />farms under the Johnson and Edwards Ditch, with a combined irrigated acreage of 910 acres. The <br />project involves construction of 4 recharge ponds, drilling one recharge well, constructing a <br />pipeline between the well and a private lateral, and purchasing a share of reservoir water. The <br />project will generate augmentation credits to cover depletions for 4 irrigation wells used by the <br />members of the Company. The project will be completed by spring 2005. Brent Nation, P.E., of <br />Nation Engineering Services has completed the feasibility study. Proposed funding for the project <br />consists of a $114,750 Small Project Loan and a $300 Feasibility Study Grant from the CWCB, <br />and the remainder from the Company. <br /> <br /> <br />Location Map <br /> <br />5 <br />