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<br />. .. <br /> <br />Supply Irrigating Ditch Co. <br />March 24-26, 2003. <br /> <br />Agenda Item 24e <br />(Updated March 28, 2003) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Supply Irrigating Ditch Company <br /> <br />County: Boulder <br /> <br />Project Name: Knoth Reservoir Dam Project Type: Rehabilitation and Enlargement <br /> <br />Drainage Basin: South Platte Water Source: St. Vrain Creek <br /> <br />Total Project Cost: $2,193,000 Funding Sources: Company and CWCB <br /> <br />Type of Borrower: Agricultural/Municipal Blended Interest Rate: 3% <br /> <br />CWCB Loan: $1,000,000 Term: 30 years <br /> <br />CWCB Grant: $5,000 <br /> <br />Average Annual Volume of Water diverted: 9,745 AF <br /> <br />The Supply Ditch is located in Boulder County, 4 miles north west of Longmont, and diverts <br />water from St. Vrain Creek. The Supply Irrigating Ditch Company operates the ditch to supply <br />water to 160 shareholders for irrigation within the 8,500-acre service area. The Company wants <br />to rehabilitate and enlarge the Knoth Reservoir for use as an equalizer, and for storage under a <br />conditional decree for 542 acre-feet. The project would be designed in 2003 and constructed in <br />2004. The average annual volume diverted now is 9,500 acre-feet, which will increase to 9,745 <br />acre-feet with the project in place. The Supply Irrigating Ditch Company is a mutual ditch <br />company and a nonprofit corporation registered in the State of Colorado. Duane Smith P.E., of <br />Smith Geotech Inc., has completed the feasibility study. The Company received a $5,000 <br />CWCB grant for ~ the cost of the study. Proposed funding for the project consists of a CWCS <br />loa,n in amount of $1 ,000,000 and $1,193,000 from the Company. <br /> <br />\\V'tl: 1, . lOlliI-' '-. <br />.\." tJ . (""\ _ r..... .' . <br />..;. .... .... .~~. I <br />.... (\ <br />. .......,-. <br /> <br /> <br />. " <br />. \. '. <br />--.. I l1!!<iJ. <br />. ,i:. -. <br /> <br />Dluk/t <br />Reil. <br />)''::i <br />~,......~~l <br /> <br />Location Map <br /> <br />5 <br />