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<br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: New Cache La Poudre Irrigating Co. County: Weld <br /> <br />Project Name: Drury, Cornish, and Barnesville Equalizer Reservoir Project Type: New Reservoirs <br /> <br />Drainage Basin: <br /> <br />South Platte River <br /> <br />Water Source: Poudre River <br /> <br />Total Project Cost: $7.2 million <br /> <br />Funding Sources: CWCB and Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $6.48 million <br /> <br />Interest Rate: 2,75% Term: 30 years <br /> <br />CWCB Grant: $5,000 <br /> <br />Total New Reservoir Volume: 2,500 acre-feet <br /> <br />The New Cache La Poudre Irrigating Company operates portions of the Greeley #2 Canal for delivery <br />of irrigation water with a 35,000-acre service area. The Canal is approximately 50 miles long, with <br />headgate on the Poudre River, north of Windsor. This project involves construction of 3 new reservoirs <br />about 10 miles east of Greeley, at BarnesvUle. These reservoirs will improve the yield and reliability of <br />the canal system. The project will be started in 2003 and completed in 2005. Duane Smith, P.E. of <br />Smith Geotechnical Engineering Consultants will complete the feasibility study. Proposed funding for <br />the project consists of a $6.49 million Construction Fund Loan and a $5,000 Feasibility Study Grant <br />from the CWCB, and the remainder from the Borrower. <br /> <br />Location Map <br />