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<br />.. ~ ",.' <br /> <br />John Peroulis & Sons Partnership <br />May 20-21, 2002 <br /> <br />Agenda Item 12c <br /> <br />Water Project,Construction Lo,!n Program-Project Data <br /> <br />Borrower: John Peroulis & Sons Partnership <br /> <br />County: <br /> <br />Moffat <br /> <br />Project Name: <br /> <br />Martin Cull Dam <br /> <br />Project Type: Rehabilitation/Enlargement <br /> <br />Drainage Basin: <br /> <br />Yampa <br /> <br />Water Source: Fortification Creek (Tributary) <br /> <br />Total Project Cost: $335,000 <br /> <br />Funding Sources: CWCS <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCS Small Project Loan: $150,000 <br /> <br />Interest Rate: 2,75% <br /> <br />Term: 30 years <br /> <br />CWCS Grant: $5,000 <br /> <br />Existing Reservoir Volume: 250 acre-feet <br /> <br />The John Peroulis & Sons Partnership operates the Martin Cull Reservoir for storage of irrigation <br />water for use on 450 acres owned by the Partnership, The reservoir is located about 28 miles <br />northeast of Craig and is filled by Fourmile Creek, a tributary to the Yampa River, A slide <br />occurred on the upstream slope of the dam in summer 2000, and the reservoir was emptied for <br />repairs, The CWCB approved an initial small project loan of $100,000 in September 2001, but <br />work could not be started due to winter weather. The Partnership now plans to rehabilitate and <br />enlarge the dam, and has requested an additional loan, The work will be completed in spring and <br />fall 2002, The reservoir has a current capacity of 250 ac-ft, which will be increased to 330 ac-ft, <br />The John Peroulis & Sons Partnership is a general partnership registered in the State of <br />Colorado. Northwest Colorado Consultants has completed preliminary plans and specifications <br />for the project and the feasibility study, Proposed additional funding for the project consists of a <br />CWCS Small Project Loan in amount of $150,000 (total CWCS loans will be $250,000) and a <br />$5,000 CWCS grant for the feasibility study, <br /> <br /> <br />Location Map <br /> <br />5 <br />