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<br />Water Project Construction Loan Program - Project Data <br /> <br />f <br /> <br />Borrower: Seven Lakes Reservoir Company <br />(SLRC) <br />Project Name: Dry Creek Railroad Crossing <br /> <br />County: Larimer, Weld <br /> <br />Project Type: New Canal Crossing/RR Bridge <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: Big Thompson River <br /> <br />Total Project Cost: $850,210 <br /> <br />Funding Sources: CWCB, SLRC <br /> <br />Type of Borrower: Agricultural/Municipal <br /> <br />Aver. Delivery: 7,796 acre-feet <br /> <br />CWCB Construction Fund Loan: $772,842 <br />(inc!. 1 % loan fee) <br /> <br />Interest Rate: 2.95% Term: 30 years <br /> <br />The SLRC and its sister company Greeley and Loveland Irrigation Company (GLlC), own and <br />operate an extensive system of reservoirs and canals in the Loveland and Greeley area. GLlC <br />owns 4 reservoirs (including Lake Loveland and Boyd Lake) and SLRC owns 5 reservoirs (including <br />Horseshoe Lake, immediately adjacent to Boyd Lake.) SLRC has no direct flow rights but has a <br />storage decree for Horseshoe Reservoir for 8,432 AF. SLRC does not have its own delivery <br />system but relies on GLlC to carry its water to shareholders. SLRC uses GLlC's Big Barnes Ditch <br />to fill Horseshoe Reservoir. Water is carried in the Big Barnes Ditch and discharges into Lake <br />Loveland at a decreed rate of 1000 cfs. It is then passed through Lake Loveland and discharged <br />out via the North Outlet canal which flows into Dry Creek, and ultimately into Horseshoe Reservoir. <br />The section of canal and natural drainage channel is approximately 7,500-feet in length. SLRC <br />desires to remove and replace the existing deteriorated 5-tunnel railroad crossing structure with a <br />new bridge in order to safely move 1,000 cfs from the Big Thompson River through Lake Loveland <br />to Horseshoe Reservoir, thus removing a serious bottleneck in the flow path of water. The project <br />would install a new pre-fabricated railroad bridge based on BNSF Railroad design requirements. <br />Construction will occur while the track remains in continuous service, with trains expected on a <br />frequency of one about every six hours. Bridge support pilings will be driven during the time <br />intervals when trains are not near the site, and pile caps constructed. Rails, ties and ballast can <br />then be removed and the prefabricated bridge installed. <br /> <br /> <br />. . . ~ , ~ Of' \ .~ , ~ 'i ..' . <br /> <br />Galeton <br /> <br />C<lT'lr <br />laIe <br /> <br />T- . 1- <br />