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C150273 Approval Letter
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C150273 Approval Letter
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Last modified
11/19/2009 11:14:42 AM
Creation date
9/25/2008 11:01:27 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150273
Contractor Name
Ogilvy Augmentation Company
Contract Type
Loan
Water District
0
County
Weld
Loan Projects - Doc Type
Approval Letter
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<br />Water Project Loan Program - Project Data <br /> <br />Borrower: Ogilvy Augmentation Company <br /> <br />County: Weld <br /> <br />Project Name: Well Augmentation Project <br /> <br />Project Type: Well Augmentation <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: Cache La Poudre <br /> <br />Total Project Cost: $1,112,000 <br /> <br />Funding Sources: CWCB, Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Average Delivery: 60 acre-feet <br /> <br />CWCB Loan: $1,010,808 (Including 1% fee) <br /> <br />Interest Rate: 2.5% Term: 30 years <br /> <br />The Ogilvy Augmentation Company (Augmentation Company) was established in 2005 to augment <br />wells that operate under the Ogilvy Irrigating and Land Company service area. Approximately 1,400 <br />acres ofland are irrigated by the Augmentation Company members in an area north of Kersey, <br />Colorado. There are 17 wells in the Augmentation Company that operate under its temporary <br />subsitute water supply plan (SWSP). The SWSP is currently operated using leased water. A <br />permanent water supply is necessary for the Augmentation Company to obtain a permanent <br />augmentation plan. Funds are being requested from the CWCB to: purchase water rights, construct a <br />recharge facility, construct a storage reservoir, and install monitoring devices. The Augmentation <br />Company intends to purchase the water rights upon the approval of the CWCB funding and construct <br />the recharge facility in fall/winter of 2008. It will file for its permanent augmentation plan in early <br />2009. Once the permanent augmentation plan is approved, construction will begin on the storage <br />reservOIr. <br /> <br /> <br />Cache La Poudre <br />River <br /> <br />( <br />( <br />i <br />\;'"' <br />> <br />JV <br />:> <br />i <br />\ <br />.f" <br />_\ <br />j <br />? <br />I <br />\. <br /> <br />Greeley <br /> <br />South Platte <br />River <br /> <br />I Kersey <br /> <br />Location Map <br />
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