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CWCB Construction Loan Program
<br />Project Data Sheet
<br />Borrower: Town of Dillon County: Summit
<br />Project Name: Old Dillon Reservoir Enlargement Project Type: Reservoir Enlargement
<br />Drainage Basin: Colorado River Water Source: Salt Lick Gulch
<br />Total Project Cost: $6,315,000 Total Cost Funding Sources: Construction Fund
<br />$1,667,000 Town's Portion
<br />Type of Borrower: Municipal Middle Income Average Delivery: 321 AF
<br />New Storage: 109 AF (Restricted + New)
<br />Loan Amount: $1,515,000 (Including 1% fee) Interest Rate: 4.0% Term: 30 years
<br />The Town of Dillon is applying for a loan to participate in the enlargement of the Old Dillon
<br />Reservoir. In 2004, the Town, Summit County and Town of Silverthorne signed an agreement to
<br />enlarge the reservoir. The Town's participation cost is approximately 27% of the construction
<br />costs and 20% of the Engineering costs. The Town and the County initiated a feasibility study in
<br />1995. The Reservoir was originally constructed as a 46 AF raw water storage reservoir filled via
<br />the Dillon Ditch, which diverts from Salt Lick Gulch. The Reservoir site is southwest of the Dillon
<br />Reservoir Dam. In the summer of 2008, the SEO issued an order to drain the Reservoir due to
<br />concerns over the integrity of the north dam. The Reservoir is currently not available for storage.
<br />Permitting is underway and construction of the enlargement is scheduled to occur in 2010.
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