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CWCB Construction Loan Program
<br />Project Data Sheet
<br />Borrower: Huerfano-Cucharas Irrigation Co. County: Pueblo/ Huerfano
<br />Project Name: Cucharas Reservoir Rehabilitation Project Type: Reservoir Rehabilitation
<br />Drainage Basin: Arkansas
<br />Total Project Cost: $1,784,000
<br />Type of Borrower: Agricultural
<br />Loan: $1,622,060 (Including 1% fee)
<br />Water Source: Cucharas River
<br />Funding Sources: STTFPBA
<br />Average Delivery: 3,000 acre-feet
<br />New Storage: 7,500 AF (Restricted)
<br />Interest Rate: 2.5% Term: 30 years
<br />The Huerfano-Cucharas Irrigation Company (Company) provides irrigation water to farmers in the
<br />Arkansas valley. The Company was organized in 1944 and currently has 47 shareholders. The
<br />Company owns and operates the Cuchaxas Reservoir, located east of Walsenburg. The dam is a 145-
<br />foot high rock fill dam that has undergone several enlargements since the original construction in
<br />1914. The reservoir has a capacity of 35,395 acre-feet. A storage restriction has been in place since
<br />1988 with a deadline of October 1, 2010, imposed by the SEO either to rehabilitate the existing dam,
<br />replace it with a new dam or a zero no-storage restriction will be imposed followed by an order to
<br />breach the dam and remove the hazard it represents. The Company plans to rehabilitate the existing
<br />dam to allow a reduced level (7,500 AF) of storage. The Project involves lowering the spillway,
<br />replacing outlet gates, installing a satellite monitoring system, and updating a new Emergency
<br />Action Plan. Pending SEO plan approval, project construction is expected to begin during the winter
<br />of 2009/2010.
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