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Last modified
8/16/2009 2:35:57 PM
Creation date
10/16/2008 8:55:20 AM
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Board Meetings
Board Meeting Date
7/22/2008
Description
CF Section - New Project Loans - Headgate 135 Lateral, Inc. - Headgate 135 Pipeline Project
Board Meetings - Doc Type
Memo
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CWCB Construction Loan Program <br />Project Data Sheet <br />Borrower: County <br /> Headgate 135 Lateral, Inc. : Mesa <br />Project Name: Project Type: <br />Headgate 135 Pipeline Project Ditch Piping for Salinity Control <br /> <br />Drainage Basin: Water Source <br /> Colorado : Grand Valley Canal <br />Total Project Cost: Funding Sources: <br />$260,000 NRCS, Partners, & CWCB <br />Type of Borrower: Average Delivery: <br />Municipal - Low 1,000 acre-feet <br />Loan Amount: Interest Rate: Term: <br />$136,600 (Initial loan $262,600) 3.5% 30 years <br />(including 1% service fee) <br />The Headgate 135 Lateral, Inc. ma nages the 135 Lateral, which starts at the Grand Valley Irrigation <br />Company’s (GVIC) Headgate 135 and delivers irrigation water to the 100 shareholders in the <br />Corporation. Members own shares of GVIC water which is conveyed to properties vi a the Lateral. <br />The headgate is located east of Grand Junction near the intersection of E Road and 31 Rd. The <br />Project is approximately 4800 feet new 15 to 6 inch PVC pipe that carries approximately 3.0 cfs. <br />NRCS has provided planning and design engineering services. Th e total project cost is $260,000. <br />The design is scheduled for this summer and cons truction is scheduled for the fall of 2008. Proposed <br />CWCB funding consists of an initial loan from CWCB for $262,600 that will be reduced by an <br />NRCS grant and several other project particip ants. The remaining $136,600 will become a 30-year <br />CWCB Loan. <br />õêûîøæûðð÷ãùûîûð <br />õêûîøòçîùèóíî <br />ðûè÷êûð <br />ùíðíêûøíêóæ÷ê <br />LOCATION MAP <br />
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