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<br />Kern Reservoir and Ditch Company <br />November 25-26, 2002 <br /> <br />Agenda Item 20h <br />(Updated December 4, 2002) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Kern Reservoir and Ditch Company County: 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: S6,160,OOO <br /> <br />Funding Sources: CWCS and Company <br /> <br />Type of Borrower: Municipal/Commercial <br /> <br />Median Household Income: High <br /> <br />CWCB Loan: 53.620,000 <br /> <br />Blended Interest Rate: 5.1 % Term: 30 years <br /> <br />CWCB Grant: $5,000 <br /> <br />Reservoir Volume: 2,600 acre-feet <br /> <br />The Kern Reservoir and Ditch Company operates the Kern Reservoir for storage of irrigation <br />water, as an equalizer reservoir for the Greeley Number 2 Ditch, and for recreation. The reservoir <br />is located in the Town of Windsor, about 45 miles north ol Demer, and receives water lrom the <br />Cache La Poudre River. The reservoir has been in use for approximately 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 started in fall 2002, and will be completed by Apri/2003.. 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 teasibiiily study. Funding for the project consists of a CWCB Small Projeci Loan <br />for $1,000,000 (approved September 2002), a CWCB follow-up loan for $3,620,000, and the <br />remainder from the Company. <br /> <br /> <br />.;...:~I <br />. ,~ \ <br />~. ~\..----::::: <br />....... L." I '...:.. <br /> <br />I. <br /> <br />Location Map <br /> <br />5 <br />