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Water Project Loan Program - Project Data <br />Borrower: Trinchera Irrigation Company <br />Project Name: Smith Dam Repairs Project <br />Drainage Basin: Rio Grande <br />Total Project Cost: $667,000 <br />Type of Borrower: Agricultural <br />County: Costilla <br />Project Type: Dam Rehabilitation <br />Water Source: Trinchera Creek <br />Funding Source: Construction Fund <br />Aver. Diversion: 26,700 AF <br />Storage Recovered by Project: 1,100 AF <br />CWCB Loan: $606,000 (incl. 1% loan fee) <br />Interest Rate: 2.75% Term: 30 years <br />The Trinchera Irrigation Company (Company) owns and operates Smith Reservoir, Mountain Home <br />Reservoir, �nd approximately 26 miles of canals and 45 miles of laterals for the purpose of providing <br />irrigation water for the benefit of its shazeholders. The Company services approximately 14,100 <br />acres of irrigated farm land. The Company is applying for a loan to repair Smith Reservoir, which <br />the State Engineer's Office (SEO) placed under a storage restriction. The restriction was put in <br />place on Apri122, 2009 after a storm caused considerable erosion on the upstream slope of the dam. <br />The repairs include: correcting the slope of the dam, repairing erosion damage on the upstream face <br />of the dam, and replacing the upstream sluice valve. The SEO approved the construction plans on <br />November 2, 2009 and construction began immediately. The Company expects work to be complete <br />by February 2010 so it can begin filling the reservoir as soon as possible. <br />