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CT2015-026 Approval Letter
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CT2015-026 Approval Letter
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Last modified
1/22/2015 9:56:30 AM
Creation date
6/18/2009 8:43:31 AM
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Template:
Loan Projects
Contract/PO #
CT2015-026
C150291
Contractor Name
Riverside Reservoir and Land Company
Contract Type
Loan
Water District
0
County
Weld
Loan Projects - Doc Type
Approval Letter
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CWCB Construction Loan Program <br />Project Data Sheet <br />Borrower: Riverside Reservoir and Land Co. <br />Project Name: Emergency Spillway Project <br />Drainage Basin: South Platte <br />Total Project Cost: $3,120,000 <br />Type of Borrower: Agricultural <br />Loan Amount: $2,838,100 (Including 1% fee) <br />County: Weld <br />Project Type: Reservoir Rehabilitation <br />Water Source: South Platte River <br />Funding Sources: Severance Tax Trust Fund <br />Perpetual Base Account <br />Average Delivery: 39,000 AF (from Reservoir <br />storage) (105,000 Total AF for Company) <br />Interest Rate: 2.5% Term: 30 years <br />The Riverside Reservoir and Land Company (Company) owns and operates the 64,000 acre-foot <br />capacity Riverside Dam and Reservoir, an inlet canal known as Riverside Ditch, and a river <br />diversion structure located near the town of Kersey, Colorado. The Company diverts water from the <br />South Platte River, approximately 10 miles downstream of Greeley, Colorado. It stores water <br />primarily during winter months for irrigation releases during the following water season. The <br />Company, formed in 1902, delivers irrigation water to approximately 50,000 acres. The Company is <br />applying for a loan to install a spillway at Riverside Reservoir (Reservoir). The Reservoir is not <br />equipped with an emergency spillway, which is required by the DWR's Rules and Regulations for <br />Dam Safety and Dam Construction. There is currently a nominal restriction of 0.05 feet (200 AF of <br />storage loss) due to the lack of a spillway. In order to enhance the safety of the Reservoir and <br />prevent further storage restrictions, the Company plans on constructing an emergency spillway. The <br />final design is expected to be complete in January 2010 with construction occurring from July 2010 <br />through March 2011. <br />
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