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ONR C O L O R A D O Mt. Pisgah Dam/Wrights Reservoir Outlet Works Rehabilitation <br /> CO c°'orad°water Pisgah Reservoir and Ditch Company <br /> Conservation Board <br /> November 2014 Board Meeting <br /> (Loan Increase) <br /> L O A N D E T A I L S _ ti__ _- <br /> Project Cost: $745,000 <br /> CWCB Loan (with Service Fee): $549,091 4 6 f <br /> Loan Term and Interest Rate: 30 Years @ 1.75% ' ' <br /> Funding Source: Construction Fund <br /> s <br /> B O R R O W E R T Y P E f <br /> Agriculture Municipal Commercial 4 <br /> 93% 7% Low - 0%Mid - 0% High 0% <br /> P R O J E C T D E T A I L S 3 <br /> Project Type: Reservoir Rehabilitation . 7 <br /> Average Annual Diversion: 86,000 AF ` <br /> Water Supply Storage Preserved: 2,192 AF < <br /> L O C A T I O N <br /> The Pisgah Reservoir and Ditch Company provides raw County: Teller <br /> water for the irrigation of approximately 20,000 acres of Water Source: Fourmile Creek <br /> agricultural land across an 18 mile stretch from Drainage Basin: Arkansas <br /> Manzanola to La Junta. Primary shareholders include Division: 2 District: 12 <br /> Catlin Canal Company, Canon Heights Irrigation and <br /> Reservoir Company, Park Center Water District, City of Rocky Ford, Colorado Parks and Wildlife, and <br /> individual agricultural users. <br /> The Company was approved for a $161,345 loan and a $161,345 WSRA grant at the September 2012 <br /> CWCB Board Meeting to modify the operational inlet and outlet works and replace existing control <br /> valves on Pisgah Dam, in compliance with an SE0 conditional order. During final engineering, <br /> construction costs were found to have increased and additional remedial abandonment work on the <br /> outlet originally abandoned in 1929 was added to the Project's Scope of Work. With these changes, the <br /> cost estimate has risen from $362,875 to $745,000. The Company is seeking to cover this cost increase <br /> with an increase to its approved loan. Construction is scheduled for 2015. <br /> HWY 24 { <br /> u W;.nln. JS 61r FW[t� 1. <br /> I'.,. ncxd4rnY (2 <br /> Colorado Springs <br /> Wrights Reservoir and Pisgah Dam <br /> HWY 9 . .k , <br /> Project Site <br /> • <br /> r. .. eta ' +', . <br /> anon City ,�44 � ' + � ^� S <br /> Water Project Loan Program - Project Data Sheet <br />