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C150361 Approval Letter
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C150361 Approval Letter
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Last modified
10/22/2015 1:45:48 PM
Creation date
10/1/2013 2:25:07 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
CT2015-059
C150361
Contractor Name
Lone Cabin Ditch and Reservoir Company
Contract Type
Loan
Water District
40
County
Delta
Loan Projects - Doc Type
Approval Letter
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Water Project Loan Program <br />Project Data Sheet <br />Borrower: Lone Cabin Ditch and Reservoir County: Delta <br />Company <br />Project Name: Lone Cabin Dam Rehabilitation Project Type: Dam Rehabilitation <br />Project <br />Drainage Basin: Gunnison / District 40 Water Source: Minnesota Creek <br />Total Project Cost: $334,300 Funding Source: Construction Fund, <br />WSRA Grant <br />Type of Borrower: Agricultural Avg. Annual 950 AF <br />Diversion: <br />CWCB Loan: $252,800 (inc. 1% Service Fee) Interest Rate: 1.75% Term: 30yr <br />The Company provides irrigation water storage for 18 farms located on Lamborn Mesa <br />approximately 5 miles southeast of Paonia, CO. The reservoir has a storage capacity of 163 acre - <br />feet; however it is currently restricted by the State Engineer's Office to a storage level 20 -feet below <br />the dam crest due to slumping of the downstream face of the dam. The Company hired Buckhorn <br />Geotech to investigate the slump. <br />iffx <br />
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