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<br />Water Project Construction Loan Program - Project Data <br /> <br />Borrower: Lower Latham Reservoir Co. <br /> <br />County: Weld <br /> <br />Project Name: Well Augmentation <br /> <br />Project Type: Water Rights Purchase <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: 6 shares of Lower Latham Ditch <br /> <br />Total Project Cost: $2,194,275 <br /> <br />Funding Sources: CWCS, LLRC <br /> <br />Type of Borrower: Agricultural <br /> <br />Aver. Delivery: 450.3 AF consumptive use <br /> <br />CWCB STTFPBA Loan: $1,994,596 <br />(incl. 1 % loan fee) <br /> <br />Interest Rate: 2,25% Term: 30 years <br /> <br />The Lower Latham Reservoir Company (LLRC) is acquiring 6 shares of Lower Latham Ditch <br />Company (LLDC), for the purpose of providing augmentation water for existing shareholder wells. <br />The LLRC, and its sister company the LLDC, provide irrigation to approximately 11,000 acres in <br />Weld County, and LLRC also provides well augmentation for 85 wells in order to replace out-of- <br />priority pumping depletions. There are 40 wells that were formerly in the Groundwater <br />Appropriators of the South Platte (GASP) Augmentation Plan, and there are 45 wells also covered <br />in the Augmentation Plan of the Groundwater Management Subdistrict (GMS) of the Central <br />Colorado Water Conservancy District. The LLRC is seeking its own Augmentation Plan that will <br />cover the former GASP wells, and supplement coverage of the GMS wells that are not expected to <br />be fully covered. A 2007 SWSP for LLRC was approved by the SEO in May 2007, with a total <br />replacement obligation of 586.6 acre-feet. In 2003, LLRC filed a permanent well augmentation plan <br />that is pending. LLRC has concluded that additional replacement sources are necessary to provide <br />sufficient replacement water during extended drought years. In March 2007, LLRC purchased the <br />384 acre Rothe Farm, including 4 shares of LLDC, with an estimated average of 366.2 acre-feet of <br />consumptive use. In May 2007, LLRC purchased the 55.9 acre Dejong Farm and water rights for <br />which included 2 shares of LLDC, with an estimated average of 84.1 acre-feet of consumptive use. <br />The LLDC is an excellent replacement water source because of a senior water right that sustains a <br />high yield during both average and drought years, The CWCS loan includes only the water rights <br />portion of the farm purchases. Also, included in the project is instrumentation to measure and <br />record flow at various locations on the system, in order to facilitate augmentation plan operation. <br /> <br />vi lie <br />, <br />I <br /> <br /> <br />.....".1'.."" or.." <br /> <br />Ga leton <br /> <br />, <br /> <br />C<lrl!r <br />lat <br />