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r ~ <br />~ <br />Wa~er Project ConStrucfion Loan Pragrar~ - Pro~ec~ Dafa <br />Borrower: Lower Poudre Augmentation Co, County: Lar~mer, ~IVeid <br />Pra~ect Narne: Timnath Ffat~ran Reservo~~ Project Type: Reservoi~ and Water Pu~chase <br />Drainage Basin: Sau~h P~atfe Vldater Svurce: Box Elder Di~ch, Qthe~ Sources <br />To~al Pro~ect Cost: $3,4~ 4,HDfl Funding Saurces: CWCB, LPAG <br />Type of Bo~rower: Agricuitu~al Aver. Delivery: E57 acre-feet reservoir capacity <br />CVIICB STTFPBA Loan: $3,~44,053 Inte~est Rate: 2.5~°/o Tern~: 30 years <br />~incl. 'I% ~aan fee} <br />The LPAC is a non-protit company that was incorporated in 20~4, by #he New Cache La Poudre <br />irrigating Company ~213 interes~} and the Cache La Poudre Reservoir Company ~113 ~nferest.} <br />LPAC sup~iies welf augr~entation c~ve~age for w~ll o~ners thraughout the irrigating Company <br />service area in Larimer and Weld Counties. There are 88 wells owned by 35 individuals~enti~ies <br />and the augmentation demands are approximately 324~ AF. The LPAC has filed for a permanent <br />Augmenta~ian Plan, and has ope~ated on a Substifu~e Water Suppiy Plan ~or 3-4 years. LPAC <br />propases to purchase ~he Timnath F~afrion Rese~voir, and 4.5 shares of Boxelder Ditch, and <br />construc~ the necessary improvements to uti~i~e the reservair for augmentation purposes. The <br />reservoir is located En Larimer County af the nor~heas~ corne~ of I-~5 and Harmony Road, and would <br />be filied via a laterai from the Boxelder DEtch located on the west side of I-25. The reservoir <br />currently has a sto~age capacity of approximate~y 657 AF, with a depth of 12-15 feet. The ~eservoir <br />area was mined fo~ sand and gravel and iined with clay once mining was comp~ete. The rese~voir <br />has received SE4 certification as a lined gravel pit s~orage facilify. The ~eservoir is desirab~e <br />because of its locati~n relat~ve to the irrEgat~ng Company and ~he depletions associated wEth the <br />LPAC Augmentat~on Plan. The Irr~gating Company river divers~on structure is just downstream of <br />the reservai~, less than two miles w~th no inferven~ng diversions. Thus, any water released out of <br />reservoir can be left in the river to replace well depietions in various reaches of the Augmentation <br />Plan, or taken to o~her facili~ies wi~hin ~he service area. The acquis~tion of the Boxe~der Ditch <br />shares provides #he LPAC a good senior righ~ to respond quickly to augmentation plan needs. <br />.ati <br />FT ~~LLCN~ -~~~ <br />¢ ., <br />~. <br />~~~ ~ <br />~.~,~~ <br />