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<br />.. <br /> <br />Johnson and Edwards Ditch Company <br />November 19-21, 2003 <br /> <br />Agenda Item Be <br />(Updated November 21, 2003) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Johnson and Edwards Ditch Company <br /> <br />County: Morgan and Washington <br /> <br />Project Name: Recharge and Augmentation Project <br /> <br />Project Type: Well Augmentation <br /> <br />Drainage Basin: South Platte River <br /> <br />Water Source: South Platte River <br /> <br />Total Project Cost: $147,222 <br /> <br />Funding Sources: CWCB and Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $132,500 <br /> <br />Interest Rate: 2.5% Term: 30 years <br /> <br />CWCB Grant: $600 <br /> <br />Average annual diversions: 8,900 acre-feet <br /> <br />The Johnson and Edwards Ditch Company operates the Johnson and Edwards Ditch for <br />delivery of irrigation water within a 3,000-acre service area. The headgate for the ditch is located <br />in Morgan County, about 23 miles southwest of Sterling. The project involves construction of 2 <br />recharge ponds, drilling one recharge well, constructing a pipeline between the well and the ditch, <br />and purchasing a share of reservoir water. The project will generate augmentation credits to cover <br />depletions for 12 irrigation wells used by stockholders of the Company. The project will be <br />completed in fall-winter 2003. Brent Nation, P.E., of Nation Engineering Services has completed <br />the feasibility study. Proposed funding for the project consists of a $132,500 Small Project Loan <br />and a $600 Feasibility Study Grant from the CWCB, and the remainder from the Company. <br /> <br /> <br />Location Map <br />5 <br />