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Last modified
8/16/2009 2:33:56 PM
Creation date
8/5/2009 11:22:18 AM
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Board Meetings
Board Meeting Date
7/19/2009
Description
CF Section - New Project Loans - Farmer's Reservoir and Irrigation Company - Milton Reservoir and Barr Lake Improvements Project
Board Meetings - Doc Type
Memo
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CWCB Construction Loan Program <br />Project Data Sheet <br />Borrower: Co unty <br />Farmers Reservoir and Irrigation Co . : Adams & Weld <br />Project Name: Project Type : <br />Milton Reservoir and Bar r Lake Reservoir Spillway and Outlet <br />Improvements Works <br />Drainage Basin: Water Source (s) <br />South Platte : Beebe Seep Canal / Platte <br />Valley Canal / O’Brian Canal <br />Total Project Cost: Funding Sources: <br />$ 3,88 4 ,000 Construction Fund <br />Type of Borrower: Average Delivery : <br />Blended Ag & Municipal 125,000 AF <br /> & Commercial <br />Loan Amount: Interest Rate: Term: <br />$ 3,535,000 (Including 1% fee) 3 . 7 % 3 0 years <br />Farmers Reservoir and Irrigation Company operates a ditch and reservoir system extending 3,500 <br />square miles along the Front Range corridor, from Golden to Kersey, Colorado. The system <br />consists of four major reservoirs (Standley Lake, Marshall Lake, Barr Lake and Milton Reservoir) <br />numerous smalle r reservoirs, and approximately 400 miles of diversion and delivery canals. This <br />loan request specifically relates to work to be completed at Milton Reservoir and Barr Lake. The <br />Company intends to complete the following three projects: Milton Reservoir O utlet Works <br />(replacing the upstream outlet gate structure and a portion of the piped outlet works), Milton <br />Spillway (enlarging the existing spillway), and Barr Lake Spillway (enlarging the existing spillway <br />and raising the perimeter dike). These projects have been submitted to the SEO for review. The <br />Company expects to construct these projects between September 2009 and January 2011. <br />MILTON <br />RESERVOIR <br />LONGMONT <br />BRIGHTON <br />BARR LAKE <br />DENVER METRO <br />AREA <br />LOCATION MAP <br />
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