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<br />... <br /> <br />t <br />. <br /> <br />. <br /> <br />. <br /> <br />Glenwood Irrigation Company <br />May 20-21, 2002 <br /> <br />Agenda Item 12b. <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: <br /> <br />Glenwood Irrigation Co. <br /> <br />County: Garfield <br /> <br />Project Name: <br /> <br />Glenwood Ditch Siphon <br /> <br />Project Type: Rehabilitation <br /> <br />Drainage Basin: <br /> <br />Water Source: Roaring Fork <br /> <br />Colorado <br /> <br />Total Project Cost: $514,250 <br /> <br />Funding Sources: CWCS, CRWCD, Company <br /> <br />Type of Borrower: Agricultural/Municipal <br /> <br />Median Household Income: High <br /> <br />CWCB Small Project Loan: $386,000 <br /> <br />Interest Rate: 4% <br /> <br />Term: 30 years <br /> <br />CWCB Grant: $0 <br /> <br />Year 2001 diversions: 6,600 acre-feet <br /> <br />The Glenwood Irrigation Company operates the Glenwood Ditch for the benefit of its 69 <br />shareholders by providing direct flow irrigation water to a 750-acre service area. The diversion is <br />located on the Roaring Fork River, about 2 miles north of Carbondale and the delivery system <br />consists of open ditch and siphon pipe. The diversion has been rehabilitated, but 2,000 feet of the <br />siphon is in poor condition and needs to be rehabilitated starting in fall 2002. The year 2000 <br />volume diverted was 6,600 acre-feet. The Glenwood Irrigation Company is a mutual ditch <br />company and a nonprofit corporation registered in the State of Colorado. The Company's <br />engineer has completed preliminary plans and specifications for the project and the Company <br />has completed the feasibility study. Proposed funding for the project consists of a CWCS Small <br />Project Loan for $386,000, a $15,000 grant from the Colorado River Water Conservation <br />District, and the remainder from the Company. <br /> <br /> <br />''1\ <br />, :r <br /> <br />"'\ .' <br /> <br />.~. <br />'. ;....1. <br />" t..'\ <br /> <br />...1>~-"'-' 0 . <br />, \. \\,.. <br />'-.1-: <br /> <br />5 <br />