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C150251 Approval Letter
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C150251 Approval Letter
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Last modified
6/12/2014 4:27:41 PM
Creation date
1/24/2014 2:28:28 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150251
Contractor Name
Montezuma Valley Irrigation Company
Contract Type
Loan
County
Montezuma
Loan Projects - Doc Type
Approval Letter
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CWCB Construction Loan Program <br /> Project Data Sheet <br /> Borrower: Montezuma Valley Irrigation Co. County: Montezuma <br /> Project Name: May Lateral Pipeline Project Project Type: Ditch Piping <br /> Drainage Basin: San Miguel-Dolores/San Juan Water Source: Dolores River <br /> Total Project Cost: $5,870,000 Funding Sources: CWCB, NRCS Grant? <br /> Type of Borrower: Agricultural Average Delivery: 128,000 acre-feet <br /> Loan Amount: $5,292,400 (Including 1% fee) Interest Rate: 2.25% Term: 30 years <br /> The Montezuma Valley Irrigation Company is a non-profit corporation established in the State of <br /> Colorado in 1920. The Company manages the delivery of irrigation water to the approximately <br /> 46,000 acre service area. The Company is proposing to install approximately five (5) miles of 36- <br /> inch pipe in the existing May Lateral Ditch alignment. The installation of pipe will improve delivery <br /> and significantly reduce leakage. The May Lateral water is diverted from the Dolores River and is <br /> routed through the McPhee Reservoir prior to delivery to shareholders. The new pipeline will carry <br /> approximately 18 cfs to the 105 shareholders that depend on the May Lateral for irrigation water. <br /> AgriTech Consulting has provided planning and preliminary design services. <br /> mP_yWI"• _ .hS <br /> T � . - -a :'r ri ' ,Nei . J' . s ,,.11._'1. �l_EJ N. . t� t <br /> .9 10 _ !fix - - i 1 3F': ,4 <br /> �6iarragu nnep Res t r,�.r r ' '- - .�- 7 +f, <br /> V,''- 'i;� it _ Jr . f MAY LATERAL <br /> ;1� ,i,„ ,ti' HEADGATE <br /> *-1 <br /> , , ,.!r •-• <br /> 1 - <br /> CI.... ..<, .•••< i7 rr •kl■ t < <br /> �. <br /> 3 <br /> r <br /> .i.. • • [ 1-•;,..4 <br /> LOCATION MAP <br />
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