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Water Project Loan Program - Project Data <br />Borrower: County <br />San Luis Valley Water Conservancy District : Alamosa <br />Project Name: Project Type: <br />Water Rights Acquisition Water Rights <br />Drainage Basin: Water Source: <br />Rio Grande Rio Los Pinos <br />Total Project Cost: Funding Sources: <br />$800,000 CWCB, District <br />Type of Borrower: Average Delivery: <br />Municipal Low Income 141 acre-feet <br />CWCB Loan: Interest Rate: Term: <br />$727,200 (Including 1% fee) 3.5% 30 years <br />The San Luis Valley Water Conservancy District (District) operates an augmentation program <br />servicing portions of Rio Grande, Alamosa, Saguache, Hinsdale and Mineral Counties. The <br />augmentation program was developed to offset rive r depletions from wells serving residential and <br />commercial uses in the area. The District intends to acquire additional wate r rights to add to its <br />existing program. It has a signed purchase agreemen t to buy a one-third intere st in the Pine River <br />Weminuche Pass Ditch (of which it already owns one ha lf interest). This new right equals 6 cfs and <br />is expected to yield approx. 141 AF annually. The purchase is expected to take place within 45-100 <br />days of the July 2008 CWCB Board Meeting. <br />Continental <br />Reservoir <br />Creede <br />Santa Maria <br />Reservoir <br />Rio Grande <br />River <br />Rio Grande <br />Reservoir <br />Weminuche <br />Pass Ditch <br />p <br />Location Ma <br />