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C150112 Approval Letter
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C150112 Approval Letter
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Last modified
11/5/2009 9:26:20 AM
Creation date
9/14/2007 3:30:46 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150112
Contractor Name
Kern Reservoir and Ditch Company
Contract Type
Loan
Water District
1
County
Weld
Bill Number
MC3
Loan Projects - Doc Type
Approval Letter
Supplemental fields
Water Division
1
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<br />Kern Reservoir and Oiter. Company <br />September 11.12, 2002 <br /> <br />Agenda Item 12a. <br />(Updated September 18, 2002) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Kern Reservoir and Ditch Company County: <br /> <br />Weld <br /> <br />Project Name: <br /> <br />Kern Reservoir <br /> <br />Project Type: Rehabilitation <br /> <br />Drainage Basin: <br /> <br />South Platte River <br /> <br />Water Source: Cache La Poudre River <br /> <br />Total Project Cost: $5,100,000 <br /> <br />Funding Sources: CWCS <br /> <br />Type of Borrower: Municipal/Commercial <br /> <br />Median Household Income: High <br /> <br />CWCB Small Project Loan: $1,0000,000 Blended Interest Rate: 5.1 % Term: 30 years <br /> <br />CWCB Grant: $5,000 <br /> <br />Reservoir Volume: 2,600 acre-feet <br /> <br />I ne Kern ~e~ervoir and Ditch Cornpany operates the Kern Reservoir for storage of irrigation <br />water, as an equalizer reservoir for the Greeley Number 2 Ditch, and for recreation. The reserJoir <br />is located in the Town of Windsor, about 45 miles north of Denver, and receives water from the <br />Cache La Poudre River. The reservoir has been in use for approxirnately 100 years, during which <br />time it has become silted in to a capacity of 1,100 acre-feet The Company wants to dredge out <br />the reservoir to restore the original capacity of 1,800 acre-feet and to provide additional storage <br />for the 100-year flood. Work would start in winter 2002, and take 3 years to complete. The Kern <br />Reservoir and Ditch Company is a mutual ditch and reservoir company and a non-profit <br />corporation registered In the State of Colorado. Rocky Mountain Consultants, Inc., has <br />completed the feasibility study. Proposed funding for the project consists of a CWCS Small <br />Project Loan for $1,000,000. The Company plans to apply for a standard CWCS loan to help <br />finance the remainder of the project <br /> <br /> <br />~.[ <br />~ ""'Of <br />-~ <br />~...,." <br />"" <br /> <br />, , <br />r.r <br /> <br />"" <br />l$' ................ <br /> <br />Location Map <br /> <br />5 <br />
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