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C150323 Approval Letter
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C150323 Approval Letter
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Last modified
2/9/2012 8:10:26 AM
Creation date
2/7/2012 10:56:28 AM
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Template:
Loan Projects
Contract/PO #
C150323
Contractor Name
Jackson Ditch Company, The
Contract Type
Loan
Water District
1
County
Larimer
Loan Projects - Doc Type
Approval Letter
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CWCB Construction Loan Program <br />Project Data Sheet <br />Borrower: The Jackson Ditch Company <br />Project Name: Check Dam Rehabilitation <br />Drainage Basin: South Platte River, District 3 <br />Total Project Cost: $137,000 <br />Type of Borrower: Blended Agricultural, <br />Municipal & Commercial <br />Loan Amount: $124,533 (Including 1% fee) <br />County: Larimer <br />Project Type: Ditch Rehabilitation <br />Water Source: Cache la Poudre River <br />Funding Sources: Construction Fund <br />Details: Avg. 5,500 AF diverted annually <br />Interest Rate: 3.60% Term: 30 years <br />The Jackson Ditch Company is requesting a CWCB loan for rehabilitation of its check dam <br />structure on the Cache la Poudre River. The river splits and flows around an island just upstream <br />of the Company's diversion headgate. When flows are particularly low the structure is utilized to <br />convey flows to the east side of the island where they can be diverted through the headgate. The <br />concrete check dam has been in place since the 1960's, but has recently fallen into disrepair, <br />preventing the Company from diverting its most senior water rights at times. The project will <br />provide a long -term, low maintenance solution for restoring the ability to deliver water to <br />shareholders during times of extreme river conditions. Construction is planned to start in January <br />2012 and be completed by April 1, 2012. <br />
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