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Water Project Loan Program - Project Data
<br />Borrower: Riverside Ditch & Allen Extension Co
<br />Project Name: Phased Cana1 Improvements
<br />Drainage Basin: Arkansas
<br />Total Project Cost: $205,000
<br />Type of Borrower: Agricultural
<br />CWCB Loan: $186,345 (Including 1% fee)
<br />County: Chaffee
<br />Project Type: Ditch Rehabilitation
<br />Water Source: Arkansas River
<br />Funding Source: Construction Fund
<br />Average Diversion: 3,250 acre-feet
<br />Interest Rate: 2.75% Term: 30 years
<br />The Riverside Ditch and Allen Extension Company (Company), located near Buena Vista, owns and
<br />operates the Riverside Ditch (canal) that provides irrigation water to a 450 acre service area within
<br />Chaffee County. A significant portion of the Company's structures along the 125 year old canal are
<br />aged and in need of repair or replacement. The Company intends to complete a number of phased
<br />improvements to the canal that include: repairs to the river diversion; lining of portions of the canal
<br />to reduce seepage; installation of canal monitoring using SCADA equipment; phreatophyte removal;
<br />repair/replacement of aging headgates; and installation of standardized flumes. The proposed
<br />improvements would benefit the shareholders by improving overall canal efficiency, thereby
<br />increasing the consistency of shareholder headgate deliveries. These improvements will also benefit
<br />the Company through increased operator safety. Improvements are expected to be completed
<br />between the winter of 2009 and spring of 2012.
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