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Water Project Loan Program C150336
<br /> Project Data Sheet
<br /> Borrower: Left Hand Ditch Company County: Boulder
<br /> Project Name: Allen Lake and Lake Project Type: Dam Rehabilitation
<br /> Isabelle Repair Project
<br /> Drainage Basin/District: South Platte/5 Water Source: Left Hand and St. Vrain Creek
<br /> Total Project Cost: $1,623,000 Funding Source: Construction Fund
<br /> Type of Borrower: Blended Avg.Annual Diversion: 22,700 AF
<br /> (46% ag, 38%mid-muni, 16%high-muni)
<br /> CWCB Loan: $1,475,307 (with 1%loan fee) Interest Rate: 2.45% Term: 30 years
<br /> (Original loan: $1,157,157 increased by$318,150) (Blended)
<br /> The Company, located in Boulder County,provides irrigation water to a service area of
<br /> approximately 15,000 acres due north of Boulder. It received approval for a loan for the Allen Lake
<br /> and Lake Isabelle Repair Project in July of 2012. The purpose of the Project was to make safety
<br /> improvements to b dams. Due to additional outlet work repairs discovered during construction at
<br /> Lake Isabelle,the Company is requesting a loan increase because the total cost of the Project has
<br /> increased from $1,273,000 to $1,623,000. Lake Isabelle lies within the Indian Peaks Wilderness
<br /> which is operated by the U.S. Forest Service, and it is only accessible by foot or helicopter. At full
<br /> storage the capacity of the reservoir is 550 acre-feet. A rock tunnel is used to divert water through a
<br /> mountainside to an outlet structure. The outlet gate was replaced as part of the Project in the 2013
<br /> construction season. Once the reservoir was drained for the outlet gate work,the inlet structure to the
<br /> outlet tunnel was inspected. The Company then discovered that additional repairs were necessary.
<br /> Construction is scheduled for late summer 2014.,--- ,--.-:::.$-.,:-",:iri.,,,':7,,,,04.44;i:i7-�NRJ`• R t 1 P!
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