11a

• Board Meeting Date: 1/22/2008
• Description: CF Section – Construction Fund and Severance Tax Trust Fund Perpetual Base Account – New Loans - Pagosa Area Water & Sanitation District - Dry Gulch Reservoir Project Land Purchase
• Board Meetings - Doc Type: Memo

CWCB Construction Loan Program
Project Data Sheet
Borrower: Pagosa Area Water & Sanitation Dist. County: Archuleta
Project Name: Dry Gulch Reservoir Project Type: New Reservoir
Land Acquisition Project
Drainage Basin: San Miguel-Dolores/San Juan Water Source: San Juan River
Total Project Cost: $12,340,000 (Land Acquis.) Funding Sources: CWCB, WSRA Basin Grant
$80,000,000 total Project
Type of Borrower: Municipal Middle Income Average Delivery: 35,000 AF (Ultimate)
Loan Amount: $11,217,060 (Including 1 % fee) Interest Rate: 3.5% Term: 30 years
District serves 9,500 residents in the 100 sq. mile District service area. Drought and demand frm
growth is requiring additional storage and of around 12,400 AF of storage by 2040. Growth
projections estimate the need fora 35,000 AF reservoir to meet demand through 2100. Dry Gulch
site is the only reasonably valued site available due to land development. Primary fill source will be
pumping of San Juan River water to the reservoir. A CWCB loan will be used to purchase two
parcels of land to begin the process of meeting the needs of the District. The land is needed for
both sizes of reservoir. Preliminary design and permitting is expected to start in 2008 and
construction of the reservoir is projected to start in 2020.
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