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C150296 Approval letter
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C150296 Approval letter
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Last modified
6/17/2015 12:05:01 PM
Creation date
10/27/2009 10:29:04 AM
Metadata
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Template:
Loan Projects
Contract/PO #
CT2015-058
C150296
Contractor Name
Gypsum, Town of
Contract Type
Loan
Water District
0
County
Eagle
Loan Projects - Doc Type
Approval Letter
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CWCB Construction Loan Program <br />Project Data Sheet <br />Borrower: Town of Gypsum County: Eagle <br />Project Name: LEDE Ditch & Reservoir Project Type: Reservoir Rehabilitation <br />Upgrade Project <br />Drainage Basin: Colorado River Water Source: Gypsum Creek <br />Total Project Cost: $3,162,000 <br />Type of Borrower: High Income Municipal <br />Loan Amount: $2,689,731 (Including 1% fee) <br />Funding Sources: Construction Fund <br />Average Delivery: 1,200 AF <br />New Storage: 254 AF <br />Interest Rate: 4.5% Term: 30 years <br />The Town of Gypsum purchased the LEDE Ditch and LEDE Reservoir water rights in 2006. The <br />original water rights are decreed for irrigation uses, and provide storage for up to 947 AF in the <br />reservoir. The Reservoir was built to a capacity of 431 AF. The Town seeks to increase capacity to <br />685 AF in order to accommodate continued agricultural irrigation, and for future water supplies to <br />the Town. This upstream storage is required to assist in managing Gypsum Creek water rights calls <br />and dry year operations. The reservoir storage will become even more important as the Town's <br />population continues to increase. The Town wishes to repair and improve the reservoir to utilize its <br />potential, and to protect valuable senior storage rights in the reservoir. The reservoir is located in <br />the headwaters of Gypsum Creek, south of Gypsum within the White River National Forest. <br />Design and permitting is expected to occur in 2009/2010 with pipeline construction starting in late <br />2009 and dam construction starting in 2011. <br />General Locations <br />
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