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Water Project Loan Program <br />Project Data Sheet <br />Borrower: Santa Maria Reservoir Company County: Hinsdale & Mineral <br />Project Name: Continental Dam Spillway Project Type: Dam Rehabilitation <br />Restoration Project <br />Drainage Basin: Rio Grande / District 20 Water North Clear Creek <br />Source: <br />Total Project $4,055,000 Funding Construction Fund and <br />Cost: Source: Water Supply Reserve <br />Account Grants <br />Type of Agricultural Avg. Annual 6,300 AF <br />Borrower: Diversion: <br />Recovered 12,000 AF <br />Storage: <br />CWCB Loan: $3,071,633 (w/ 1% service fee) Interest Rate: 1.75% Term: 30 years <br />Santa Maria Reservoir Company owns and operates Continental Reservoir (27,000 AF) and <br />Santa Maria Reservoir (43,500 AF), located in the Rio Grande River Basin near Creede, <br />Colorado. Santa Maria and Continental operate in conjunction with each other via a conveyance <br />system made up of a pipeline, siphon, and open ditch. For the past 20 years, Continental has <br />been under a storage restriction due to seepage issues, limiting the storage to 15,000 AF. The <br />purpose of this Project is to address seepage issues and repair the spillway Continental Reservoir <br />in order to lift the storage restriction. Construction is expected to occur in the 2014 construction <br />season. <br />