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CWCB Construction Loan Program <br />Project Data Sheet <br />Borrower: Fort Morgan Res. & Irrigation Co. <br />Project Name: Pipeline Project <br />Drainage Basin: South Platte <br />County: Morgan <br />Project Type: Augmentation/Pipeline Const. <br />Water Source(s): South Platte River <br />Total Project Cost: $2,388,500 Funding Sources: Construction Fund <br />Type of Borrower: Blended (Ag & Municipal Average Diversions: 37,058 AF <br />& Commercial) <br />Loan Amount: Q' ,°~°,~ $1,494,800 (Including 1% fee) Interest Rate: 2.9% Term: 30 years <br />The Company operates a ditch system that serves surface water to approximately 15,000 acres of <br />irrigated land between Weldona and Brush, and operates a recharge and augmentation plan that <br />provides augmentation water for approximately 90 irrigation wells. In addition, the Company has <br />an operational agreement with Groves Farms, LLC, which is a family farming corporation also <br />located in Morgan County, for a recharge/augmentation plan. The Company, with Groves Farms, <br />has designed a plan to re-divert and re-time augmentation credits from the Company's more senior <br />recharge projects at certain times when they are not needed for direct augmentation use, and to <br />divert water under new junior water rights when available for recharge and augmentation use. The <br />Project involves installing one 24" pipe from the River extending three miles to recharge ponds on <br />Groves Farms' land; installing two pumps to pump water from the River through the pipeline; <br />installing one augmentation well and pumping equipment near Groves' ponds to pump ground <br />water back to the South Platte River; and installing seven recharge/augmentation ponds (with a <br />surface area of approximately 95 acres) on Groves Farms' land. The Project will be completed <br />within 12-18 months after loan approval. <br />LOCATION MAP <br />