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CWCB Construction Loan Program <br />Project Data Sheet <br />Borrower: Lake Canal Reservoir Company <br />Project Name: North Gray Reservoir <br />Rehabilitation <br />Drainage Basin: South Platte River <br />Total Project Cost: $128,300 <br />County: Larimer and Weld <br />Project Type: Reservoir Rehabilitation <br />Water Source: Box Elder Creek <br />Funding Sources: Construction Fund <br />Type of Borrower: Blended Agricultural Details: 333 AF Stored <br />Municipal & Commercial 75 AF Recovered <br />Loan Amount: $116,625 (Including 1% fee) Interest Rate: 2.10% Term: 30 years <br />The Lake Canal Reservoir Company is requesting a CWCB loan to construct a new spillway on <br />North Gray Reservoir. The reservoir is currently under a storage restriction by the Office of the <br />State Engineer (SEO). The existing spillway is a corrugated metal pipe that has corroded through. <br />The existing pipe will be removed and the area will be backfilled. A new concrete cutoff wall and <br />riprap lined channel will be constructed to replace the old spillway. Project design and SEO <br />review is expected to be completed by July 2012. Construction is planned for September through <br />November of 2012. <br />Note: Because this reservoir is on the SEO's restricted reservoir list and the Company is <br />predominately owned by agricultural interests, this loan qualifies for a 1.0% interest rate reduction. <br />The blended rate of 3.10% was reduced to 2.10%. <br />