C153623 Extension Letter - Laserfiche WebLink

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Sanchez Ditch and Reservoir Company Agenda Item 22a July 1, 2011 (UPDATED July I8, 2011) Page 2 of 4 Background The Company has two CWCB loans as shown in Table 1. The loans are in good standing with a history of annual payments submitted on time. The loans were both for rehabilitation work to the Sanchez Reservoir outlet and dam. Table 1. CWCB Loan Contract Summary Loan Contract Contract Current Final Annual 2011 2011 Contract Dated Amount Balance Payment Payment Principal Interest Number Due Amount Payment Payment Portion Portion C153623 8/20/1992 $200,000 $71,588 2017 $11,485.57 $9,338.82 $2,146.75 C153755A 9/3/1997 $335,000 $194,459 2022 $19,900.35 $13,465.60 $6,434.75 Totals $535,000 $266,017 $31,385.92 $22,804.42 $8,581.50 The Sanchez Reservoir outlet includes a 150 foot free standing concrete inlet gate tower. The tower houses the outlet gate valves for the Reservoir. In order to access the gates to operate the dam the Company utilizes a tramway/gondola which runs on a fixed cable and is powered by a portable gasoline generator that winches the gondola from shore to tower. All gate valves in the tower aze manually controlled from the top of the tower. Daily access to the tower is required during the irrigation season. Due to dam safety concerns and the reliability/safety of the tramway/gondola system for gate operations, the Company needs urgent upgrades to the tramway/gondola system. The Company has requested and received approval of a$95,000 grant ($10,000 Basin &$85,000 Statewide) from the Rio Grande Basin Roundtable on May 10, 2011. This WSRA grant will be considered by CWCB at the September 2011 Board meeting. The grant will cover additional rehabilitation and upgrades needed to bring the system into compliance with SEO - Dam Safety and allow for more efficient operations. Sanchez Ditch and Reservoir Company The Sanchez Ditch and Reservoir Company is a Colorado Mutual Ditch Company, incorporated in 1956. The Company serves about 22,400 acres (13,400 irrigated acres) in Costilla County. The Company's system includes Sanchez Reservoir, Culebra Sanchez Canal, Mesita Reservoir, Culebra Eastdale Canal other canals and ditches. Sanchez Reservoir serves 34 shareholders with a total of 21,802 shares. Irrigated crops include potatoes, wheat, barley, oats, alfalfa and hay. Sanchez Reservoir was built in 1910 with a dam height of 135 feet and a storage capacity 103,114 acre-feet. Project The Project includes making essential operational and safety repairs and installation of an automated hydraulic system, which will allow the SEO - Dam Safety required drawdown capability of 1 foot per day over 5 days. The configuration of the gondola and tower will be evaluated with the goal of achieving optimum operational efficiency.