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CWCB Water Project Loan Application <br />4. Please provide a brief description of the owner's existing water supply facilities and describe <br />any existing operational or maintenance problems. Attach a map of the service area <br />See attached - Appendix A & B <br />For existing facilities indicate: <br />Number of shareholders 24 <br />Current Assessment per share $ 230 <br />Number of acres irrigated 9300 <br />Average water diverted per year: 15,339 <br />Part B. - Description of the Project <br />or Number of customers served <br />Number of shares 831.875 <br />Water Right: Various CFS. <br />acre -feet. <br />1. Name of the Project Terrace Irrigation Company Spillway Project Replacement <br />2. Purpose of this loan application. Check one. <br />New project <br />Rehabilitation or replacement of existing facility <br />Enlargement of existing facility <br />Emergency Repair <br />Other (describe) <br />3. If the project is for rehabilitation of an existing reservoir, is the reservoir currently under a <br />storage restriction order from the State Engineer? YES ✓z NO ❑ <br />4. General location of the project. (Please include county, and approximate distance and direction <br />from nearest town, as well as legal description, if known. <br />NW1 /4 Section 23 Township 36 North Range 6 East, NMPM, Conejos County, Colorado <br />17 mile SW of Monte Vista, Co <br />5. Please provide a brief narrative description of the proposed project including purpose, need, <br />facilities, type of water uses to be served and service area. Attach separate sheet, if needed. <br />The Colorado State Engineer has determined that the current spillway is not sufficient to pass the PMP event. <br />We are currently under a 7' storage restriction as a result of these findings. <br />6. Will the acquisition of additional water rights be necessary? YES _Z NO <br />If YES, please explain. In order to obtain funding from the Natural Resource Damage Trustees the Terrace <br />Irrigation Company has agreed to provide an instream flow storage for the Alamosa River. <br />2 <br />