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<br />...c <br /> <br />Water Project Construction Loan Program - Project Data Sheet <br />I <br />Borrower: Town of Bennett County: Adams & Arapahle <br /> <br />Project Name: Well #5 Replacement <br /> <br />Project Type: Water Well <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: Denver Basin Aquifers <br /> <br />Funding Sonrees: cwcB,IBenoelt's Water <br />E1).terprise ' <br />Aver. Delivery: 60 acre-febt <br /> <br />Interest Rate: 3.5% TerL: 30 years <br /> <br />Total Project Cost: $280,000 <br /> <br />Type of Borrower: Municipal Middle Income <br /> <br />CWCB Loan: $252,500 (Including 1 % fee) <br /> <br />Bennett is a community of2,500 people and is located approximately 25 miles rast of Denver in <br />south Adams County and north Arapahoe County. It was incorporated in 1929. The town manages <br />its water through a Water Enterprise Fund. User fees and property taxes fund the Water Enterprise. <br />Bennett supplies water from two systems: a north supply system and a south supply system. In <br />I <br />September of 2007 Well #5 (part of the north system) failed. Well #5 has histo~cally supplied 60 <br />af/yr, With Well #5 inoperable, Bennett will likely be unable to meet the water~demands during the <br />summer months in 2008, It is therefore critical to re-drill and complete Well #5 before the summer <br />of2008. The Colorado Division of Water Resources has issued a permit to re- .11 the well within <br />200 feet of the existing well location. Construction is expected to begin in Janu~ 2008. Due to the <br />... ... I <br />urgency of replacing Well #5, Bennett has obtained a short term bridge loan with Guaranty Bank and' <br />is looking to the CWCB for long term financing ofthe project. I <br /> <br /> <br />j V"""Y I : rl <br />..., ~ i Hoyt <br />.... - --- -.-----.------- ---.-------- -- <br /> <br />r;;----- I ~ <br /> <br /> <br />22 <br /> <br />AD MS <br /> <br />\ <br /> <br />;0. 4 4 <br /> <br />~1 <br /> <br />ARAPAHOE <br /> <br />~\..:.. <br />\ <br />.. <br />""'. Ii1 <br />6"" Louviers <br />~\'\_ _sedal~ <br /> <br />l <br /> <br />,1 <br /> <br />~ <br /> <br />~. <br /> <br />Location Map <br />