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Water Project Construction Loan Program - Project Data <br />Borrower: Town of Hillrose <br />Project Name: Well Augmentation <br />Drainage Basin: South Platte <br />Total Project Cost: $55,000 <br />Type of Borrower: Municipal - Low <br />CWCB STTFPBA Loan: $49,995 <br />(incl. 1 % loan fee) <br />County: Morgan <br />Project Type: Water Rights Purchase <br />Water Source: Lower Platte & Beaver Ditch <br />Funding Sources: CWCB, Town <br />Aver. Delivery: 9.675 AF pumping allocation <br />Interest Rate: 3.00% Term: 30 years <br />The Town of Hillrose is located approximately 15 miles east of Fort Morgan, along SH 6. The <br />current population is about 270 residents and the Town currently serves water 132 taps, with the <br />potential to serve 9 additional taps, if existing annexed lots are developed. Typical water usage <br />averages 40 AF per year. In 2003, with restricted outside watering, the usage was 26 AF. The <br />Town currently has one tributary groundwater well (Permit # 018543-F) to supply all of the water <br />required for the town, but this well and the existing distribution system will be converted to a <br />secondary water system for outdoor irrigation, as the Town is in the process of connecting to <br />Morgan County Quality Water District (MCQWD) for domestic water service. This change is <br />anticipated to be complete in Fall 2007. The well is currently augmented under the Lower Platte <br />and Beaver Canal Company (LP&B) plan of operations. The Town needs additional water in order <br />to protect the well from curtailment under the LP& B plan, and they will continue to be covered <br />under the LP& B plan. The Town will receive 12 AF annually from MCQWD for indoor use. In <br />average years, 28 AF will be needed for outside watering, and 14 AF in drought years (with <br />watering restrictions.) The Town currently owns 1'/2 shares of LP & B. With the proposed loan the <br />Town is purchasing an additional 6 shares of LP & B that will provide a total of 9.675 AF of pumping <br />allocation in dry years, and 19.35 AF in normal years. This will be a significant step toward <br />covering the Town's dry-year (restricted outside watering) augmentation need scenario. <br />Location Map <br />^ <br />