Laserfiche WebLink
r � <br />,. <br />� <br />, Owl Creek Reservoir Company Agenda Item 22E <br />November 20, 2001 <br />WATER PROJECT CONSTRUCTION LOAN PROGRAM-PROJECT DATA <br />Borrower: Owl Creek Reservoir Company/J. Gale and Valerie A. Moody <br />Project Name: Owl Creek Reservoir Project Project Type: Rehabilitation <br />Drainage Basin: Owl Creek Tributary County: Larimer Water Source: Owl Creek <br />Total Project Cost: $1,250,000 <br />Type of Borrower: Agricultural <br />CWCB Construction I+�tnd Loan: $1,125,000 <br />Term: 30-years CWCB Grant: $0 <br />Funding Source: CWCB <br />Median Household Income: N/A <br />Interest Rate: 3.25% <br />Reservoir Volume: 1,200 acre-feet <br />Owl Creek Reservoir is land located in Weld County, Colorado, approximately 6 miles <br />east and 3 miles north of the Town of Ault. The reservoir was originally constructed in <br />1896 to store water for irrigation. The dam was constructed of a granular material, that <br />over the years suffered structural damage due to seepage. In 1983 sand boils appeared <br />along the toe of the dam giving evidence that piping was occurring along the dam <br />embankment. Given the condition of the dam embankment and the potential for failure, <br />the dam was intentionally breached in 1983. The proposed project involves <br />rehabilitating the existing facility to meet the State of Colorado's "Rules and Regulations <br />for Dam Safety and �Dam Construction", therefore permitting the storage of <br />approximately 1,200 acre-feet of water. The Applegate Group, Inc., has completed <br />prelimi.nary design plans and specifications for the project. Proposed funding for the <br />project consists of a CWCB Construction Fund Loan_for $1 125 000. <br />_ _ _ _ -a—�-- - _ _ <br />l <br />Location Map <br />0 <br />7 <br />