Laserfiche WebLink
,^ 0 N R COLORADO Water Rights Purchase <br /> CO �% Colorado Water Eckhardt Farms Inc. <br /> ,. Conservation Board <br /> Department of Natural Resources January 2015 Board Meeting <br /> (Change of Collateral) <br /> L O A N D E T A I L S <br /> Project Cost: $1,470,000 <br /> CWCB Loan (with Service Fee): $1,336,230 <br /> 00,2 �Loan Term and Interest Rate: 30 Years ® 1.75% •-",'„,,, <br /> Funding Source: Construction Fund ,1 <br /> B O R R O W E R T Y P E if <br /> Agriculture Municipal Commercial � �' <br /> 100% 0% Low - 0%Mid - 0% High 0% �}�1 <br /> P R O J E C T D E T A I L S 1 <br /> Project Type: Water Rights Purchase r <br /> Average Annual Diversion: 694 AF <br /> J� <br /> Eckhardt Farms Inc. is located in Weld County near L 0 C A T I O N <br /> LaSalle, Colorado. The farming Corporation has been County: Weld <br /> incorporated since 1993. It farms 3,000 acres and Water Source: South Platte River <br /> generates revenues from crops of hay, wheat, corn, sugar Drainage Basin: South Platte <br /> beets, onions, and pinto beans. In the past, the Division: 1 District: 2 <br /> Corporation was able to irrigate with well water. The <br /> wells it used are part of Central Colorado Water Conservancy District's - Well Augmentation Subdistrict <br /> and have not been able to be pumped since 2005. Since that time the Corporation has been leasing <br /> shares in the Western Mutual Ditch Company. <br /> W.E Through this loan, the Corporation intended to purchase the water it <br /> rrortcoi3ns <br /> Pawnee lance had been leasing for the past seven years and continue to use it for <br /> ol81 ° agricultural production. Those shares later became unavailable to <br /> Lovela;d Grezley purchase and the Corporation identified a total of 16.06 shares of <br /> @ C Farmers Independent and 2 shares of Western Mutual to be <br /> Longmoet purchased under this loan. A change of collateral is required to <br /> Cr 76 <br /> 4•et an M• identify the new shares to be purchased. <br /> � <br /> L ton. i i <br /> en d 4alha 401kat rj S i! _. <br /> cam 091 La Salle <br /> ii tP V <br /> r- I <br /> 2 . g Eckhardt Farms Area g <br /> I <br /> Go Rd 411 Co s IS <br /> co nd 44 . Ce 84144 G1Fd+la <br /> i <br /> Water Project Loan Program - Project Data Sheet <br />