|
<br />LAWMA - Water Rights Purchase
<br />January 22-23,2008 (UPDATED January 28,2008)
<br />
<br />Agenda Item 11 c
<br />
<br />Water Project Construction Loan Program-Project Data
<br />
<br />Borrower:
<br />
<br />LAWMA
<br />
<br />County: Bent, Prowers
<br />
<br />Project Name: Keesee Water Rights Acquisition Project Type: Water Rights Purchase
<br />
<br />Drainage Basin: Arkansas River Water Source: Arkansas River
<br />
<br />Total Project Cost: $3,650,000 Funding Sources: CWCB, LAWMA
<br />Type of Borrower: Blended (Ag.lLMun.lCom.) Delivery: 1,760 ac -ft (consumptive use)
<br />
<br />cweB Loan: $2,494,700 (Includes 1% fee)
<br />
<br />Interest Rate: 2.30%
<br />
<br />Term: 30 years
<br />
<br />The Lower Arkansas Water Management Association (LAWMA), is seeking a new loan for
<br />$2,494,700 for the purchase of % of the Keesee Ditch water rights, for use as replacement water
<br />source to offset depletions from well pumping. The Keesee Ditch is located on the mainstem of the
<br />Arkansas River approximately five miles downstream of John Martin Reservoir. The Keesee Ditch
<br />shares a common diversion dam with the Fort Bent Canal, and diverts from the south bank of the
<br />Arkansas River. LAWMA has the opportunity to purchase the Keesee water rights, a very senior
<br />water right, that will strengthen the reliability of their water rights portfolio, and meets compact
<br />reqLiirements. The average yield of the remaining % of the Keesee Ditch water rights is estimated to
<br />be 1,761 acre-feet between 1980 through 1994. LAWMA's available replacement water sources are
<br />estimated to yield 17,939 acre-feet on an average annual basis, with a minimum of 7,864 acre-feet.
<br />With the addition of % of the Keesee rights, LAWMA's available repracementwater sources will
<br />increase to 19,721 acre-feet on an average annual basis, with a minimum of 9,085 acre-feet, an
<br />increase of 9.9% and 15.6% respectively. Acquisition of one-half of the Keesee water rights is also
<br />needed because those rights can be stored in the Offset Account and would assist LAWMA with
<br />placing a cushion of replacement water in storage in John Martin Reservoir to assist it with making
<br />its required replacements during a series of dry years.
<br />
<br />~ -;.tj:.r
<br />"
<br />~
<br />
<br />
<br />. r-- r" ---...-
<br />_.~ H'~--__~"'"--'---r~'------ ,-, -~-~~,
<br />
<br />
<br />/~. . r,'
<br />",' "", ,
<br />.' ~ I " ," , ; f!.lt I ' ,.,,, .'. "
<br />~~J t
<br />A. ! I
<br />( ) \
<br />/ I
<br />
<br />~...
<br />
<br />
<br />j'.4iO
<br />
<br />,j
<br />
<br />.----.'-r
<br />
<br />-1.
<br />
<br />.':::~~:;,-,~;'~~:;!:.~ ,,~. ';'" J,;-,
<br />"""''''''~~ I ~.
<br />.".".'"",Mi-:..l ......~
<br />
<br />. ...' I I
<br />i ~
<br />,', L
<br />.1
<br />1
<br />
<br />~; f I f ~
<br />
<br />m~...l
<br />
<br />Location Map
<br />
<br />7
<br />
|