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C150293 Approval Letter
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C150293 Approval Letter
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Last modified
8/16/2011 10:57:35 AM
Creation date
6/18/2009 8:45:09 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150293
Contractor Name
North Sterling Irrigation District
Contract Type
Loan
Water District
0
County
Logan
Loan Projects - Doc Type
Approval Letter
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~ (1 <br />CWCB Construction Loan Program <br />Project Data Sheet <br />Borrower: North Sterling Irrigation District <br />Project Name: Dam & Spillway Improvement <br />Drainage Basin: South Platte <br />Total Project Cost: $1,240,450 <br />Type of Borrower: Agricultural <br />Loan Amount: $1,094,840 (Including 1% fee) <br />County: Logan <br />Project Type: Reservoir Rehabilitation <br />Water Source: South Platte River <br />Funding Sources: Construction Fund <br />Average Delivery: 59,654 AF <br />Interest Rate: 2.25% Term: 20 years <br />The District is applying for a loan to construct its Dam and Spillway Improvement Project <br />(Project). The District owns and operates the North Sterling Reservoir (Reservoir) located in Logan <br />County and provides stored and direct flow water to landowners within the District's 40,917 acre <br />service area. The District service area begins just east of the North Sterling Reservoir <br />approximately 15 miles northwest of Sterling, Colorado and extends east to just northeast of <br />Crook, Colorado. The Reservoir faces the possibility of a storage restriction from the State <br />Engineer's Office without the construction improvements to the current spillway and the dam. In <br />order to retain full storage capacity, the District intends to enlarge the existing spillway, raise the <br />dam crest, and install a seepage collection system at the Reservoir. Construction is expected to take <br />place in the summer/fall of 2009 with a 90 day construction window. <br />.~. ...,.~ ~. <, <br />• ill ~ ~ <br />LOCATION MAP '"r ~ , ~"~'~~"~ <br />~.. ~ -- <br />
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