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<br />CWCB Construction Loan Program
<br />Project Data Sheet
<br />Borrower: Lake Canal Reservoir Company
<br />Project Name: South Gray Reservoir Rehab.
<br />& Gray No. 3 Breach
<br />Drainage Basin: South Platte River
<br />Total Project Cost: $433,000
<br />County: Larimer and Weld
<br />Project Type: Reservoir Rehabilitation
<br />Water Source: Box Elder Creek
<br />Funding Sources: Construction Fund
<br />Type of Borrower: Blended Agricultural Details: 1,120 AF Stored
<br />Municipal & Commercial 165 AF Recovered
<br />Loan Amount: $393,900 (Including 1% fee) Interest Rate: 3.15% Term: 30 years
<br />The Lake Canal Reservoir Company is requesting a CWCB loan for reservoir improvements that
<br />include: 1) the installation of toe drains on the South Gray dam 2) the breaching of Gray No. 3
<br />dam including erosion protection and access road realignment. The Project is necessary to address
<br />a SEO Dam Safety hazard and avoid the potential for a reservoir storage restriction. The South
<br />Gray Reservoir dam has excessive seepage along a major portion of the dam. The Reservoir
<br />Company desires to preserve the storage right on this reservoir and is interested in adding a toe
<br />drain or other seepage measures to ensure the safety of the dam. Gray Reservoir No. 3 is restricted
<br />to zero storage by the SEO due to the poor condition of the dam and outlet works. The Reservoir
<br />Company has received a court decree allowing the storage to be moved to other locations. Project
<br />design is expected to be done in early 2010 and construction is projected for the falUwinter 2010.
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