PROJC02409

• Contract/PO #: C150288
• Contractor Name: Deuel and Snyder Improvement Company
• Contract Type: Loan
• Water District: 0
• County: Morgan
• Loan Projects - Doc Type: Approval Letter

STATE OF COLORADO
Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
Fax:[phone]
www. cwcb.state.co. us
TO: Colorado Water Conservation Board Members
FROM: Anna Mauss, PE ~~~~1/ ~
Mike Serlet, PE, Chief
Water Supply Planning & inance Section
DATE: March 10, 2009 (UPDATED March 18, 2009)
Bill Ritter, Jr.
Governor
Harris D. Sherman
DNR Executive Director
3ennifer L. Gimbel
CWCB Director
Dan McAuliffe
CWCB Deputy Director
SUBJECT: Agenda Item 14a, March 17-18, 2009 Board Meeting
Water Supply Planning and Finance Section - New Project Loans
Deuel and Snyder Improvement Company - River Sand Gate Structure Project
Introduction
The Deuel and Snyder Improvement Company (Company) is applying for a$90,000 loan to construct
its River Sand Gate Structure Project (Project). The existing sand gate is a vent section through a
concrete rollover wall, which is currently operated by boards. Operating the sand gate is a major safety
concern to the Company, so it plans on replacing the existing board gate with a new radial gate. The
Project cost estimate is $100,000. This loan request is for 90% of the estimated Project cost. See
attached Project Data Sheet.
Staff Recommendation (Board approved staff recommendation March 17, 2009)
Staff recommends the Board approve a loan not to exceed $90,900 ($90,000 for project costs and
$900 for the 1% Loan Service Fee) to the Deuel and Snyder Improvement Company to construct its
River Sand Gate Structure Project from the Severance Tax Trust Fund Perpetual Base Account. The
loan terms shall be 30 years at the agricultural interest rate of 2.5% per annum. Security for the loan
shall be in compliance with CWCB Financial Policy #5.
Background
The Company provides irrigation water to a 1,650 acre service area located in Morgan County. The
area extends from about one mile north to about six miles northeast of Fort Morgan along the north
side of the South Platte River.
The Company diverts water from the South Platte into the Deuel and Snyder Canal (Cana]). Flow
into the Canal is controlled by one large diversion structure that runs across the entire width of the
Water Supply Protection • Watershed Protection & Flood Mitigation • Strcam & Lake Protection • Water Supply Planning & Finance
Water Conservation & Drought Planning • Intrastate Water Management & Development