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C150088 Approval letter
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C150088 Approval letter
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Last modified
11/19/2009 11:29:57 AM
Creation date
9/14/2007 3:10:41 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150088
Contractor Name
Appleton Northwest (ML369) Lateral and Drainage Corporation
Contract Type
Loan
Water District
72
County
Mesa
Bill Number
SPL
Loan Projects - Doc Type
Approval Letter
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<br />Appleton Northwest Lateral & Drainage Co. Agenda Item 5. <br />January 23-24, 2002 (Updated January 28, 2002) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Appleton Northwest (ML 369) Lateral & Drainage Co. <br /> <br />County: Mesa <br /> <br />Project Name: Appleton Northwest Lateral <br /> <br />Project Type: <br /> <br />Rehabilitation <br /> <br />Drainage Basin: <br /> <br />Colorado River <br /> <br />Water Source: <br /> <br />Colorado <br /> <br />Total Project Cost: $267,900 <br /> <br />Funding Sources: NRCS, CWCB <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCS Small Project Loan: $87,000 <br /> <br />Interest Rate: 2.75% <br /> <br />Term: 30 years <br /> <br />cwes Grant: $0 <br /> <br />Acre-feet Diverted: 950 acre-feet <br /> <br />The Appleton Northwest Lateral & Drainage Corporation operates the Appleton Northwest Lateral <br />as a carrier ditch for the benefit of its 28 shareholders by delivering water from the GVIC Main <br />Line Canal for irrigation within a 250-acre service area. The lateral is located about 5 miles <br />northwest of Grand Junction. The lateral needs to be rehabilitated by placing the ditch in <br />pressurized plastic pipeline and constructing a new head gate on the GVIC canal. The new <br />pipeline will have a capacity of 5 cfs. The Appleton Northwest Lateral & Drainage Corporation is <br />a mutual ditch company and a nonprofit corporation registered in the state of Colorado. The <br />NRCS has completed preliminary plans and a cost estimate for the project and the Company <br />has completed the feasibility study. Proposed funding for the project consists of a CWCB Small <br />Project Loan for $100,000 and the remainder from the NRCS in the form of a grant under the <br />salinity program. <br /> <br /> <br />Location Map <br /> <br />5 <br />
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