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C150194 approval letter
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C150194 approval letter
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Last modified
3/11/2011 3:11:07 PM
Creation date
7/23/2010 12:09:13 PM
Metadata
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Template:
Loan Projects
Contract/PO #
C150194
Contractor Name
Central Colorado Water Conservancy District
Contract Type
Loan
Water District
2
County
Adams
Morgan
Weld
Bill Number
SB 05-084
Loan Projects - Doc Type
Approval Letter
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The specific water rights that were to be purchased were: <br />L� <br />� <br />� <br />Rural & Godding Ditch rights $ 3,100,000 <br />Lupton Meadows Ditch rights $ 2,000,000 <br />Farmers Independent Ditch rights $ 2,000,000 <br />Weldon Valley Ditch rights $ 5,100,000 <br />TOTAL $12,200,000 <br />Rural Ditch shares yield, on average, approximately 74 acre-feet per share. The Godding <br />Ditch yield is approximately 27 acre-feet per share. The Farmer's Independent Ditch <br />yields approximately 18 acre-feet per share, Weldon Valley Ditch provides about 51 <br />acre-feet per share of water. <br />The cost of the water rights were estimated at approximately $3,000/acre-foot of <br />�nnsu_*r�±ive i�se A�propri�te <�ir;^1�! «ou1_d be ol�tair.ed frorz� tre �reas.histc?ri�allv <br />irrigated with purchased shares of water. <br />Current Status ofthe Proiect <br />Central obtained approximately $8:8 million in bond funding in March 2004. These funds <br />were used to acquire all or a portion of the water rights and gravel pit storage listed <br />below. The bond is a 2-year note, and will come due in February 2007. Therefore, the <br />majority of reimbursed funds from the Colorado Water Conservation Board (CWCB) will <br />be used to pay off the '�ond when it comes due in early 2007. <br />Below is a Iist of all water assets that have been reimbursed at 90% from the CWCB: <br />4-29-04 <br />4-29-04 <br />5-18-04 <br />1-04-OS <br />1-31-OS <br />2-28-OS <br />3-31-0.5 <br />4-U7-OS <br />5-03-OS <br />5-07-OS <br />6-01-OS <br />6-07-OS <br />7-08-OS <br />10-07-OS <br />12-08-OS <br />1-10-06 <br />2-06-06 <br />2-06-06 <br />2-9-06 <br />Farmers Independent Ditch — 10 shares <br />Windsor Reservoir — 3 shares <br />Godfrey Bottom Ditch — 5 shares <br />Shores Gravel Pit — Lining Pond B <br />Shores Gravel Pit — Lining Pond B <br />Shores Gravel Pit — Lining Pond B <br />Cl�n�r.-�c r1'8y�� �l� i.i�r►�:Ill�' Prr��#.; a <br />Shores Gravel Pit — Inlet Structure <br />Shores Gravel Pit — Lining Pond A <br />Shores Gravel Pit — Inlet Structure <br />Shores Gravel Pit — Lining Pond A <br />Shores Gravel Pit — Inlet Structure <br />Shores Gravel Pit — Inlet Structure <br />Shores Gravel Pit — Lining Pond A <br />Shores Gravel Pit — Pipeline bore <br />Shores Gravel Pit — Pipeline bore <br />Shores Gravel Pit — Pipeline bore <br />Shores Gravel Pit — Slurry Wall Lining <br />Greeley Irrigation Ditch — 19 shares <br />$261,418.00 <br />319,436.00 <br />351,120.00 <br />520,065.64 <br />568,071.69 <br />427,452.63 <br />?jt !1`�F,^� <br />21,115.11 <br />238,967.5? <br />151,706.04 <br />489,398.54 <br />23,847.44 <br />6,919.78 <br />809,197.70 <br />12,694.37 <br />6,194.82 <br />11,051.37 <br />5,036,947.70 <br />905.000.00 <br />
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