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CT2015-027 Increase 2 Approval Letter
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CT2015-027 Increase 2 Approval Letter
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Last modified
12/16/2016 4:01:19 PM
Creation date
7/21/2015 9:08:18 AM
Metadata
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Template:
Loan Projects
Contract/PO #
CT2015-027
C150341
Contractor Name
Pisgah Reservoir and Ditch Company
Contract Type
Loan
County
Teller
Loan Projects - Doc Type
Approval Letter
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4, o COLORADO Mt. Pisgah Dam/Wrights Reservoir Outlet Works Rehabilitation <br /> CO 1, Colorado Water an Pisgah Reservoir and Ditch Company Board g P Y <br /> oeparert or Natural Rewurrxs July 2015 Board Meeting <br /> (Loan Increase) <br /> L O A N D E T A I L S <br /> Project Cost: $1,362,000 pair 1 <br /> CWCB Loan (with Service Fee): $1,160,655 6 pap <br /> Loan Term and Interest Rate: 30 Years ® 1.75% r~ � <br /> Funding Source: Construction Fund t Apilp&IIIV 400 <br /> B O R R O W E R T Y P E i <br /> Agriculture Municipal Commercial ! <br /> 1 " <br /> 93% 7% Low - 0%Mid - 0% High 0% <br /> P R O J E C T D E T A I L S3 <br /> Project Type: Reservoir Rehabilitation <br /> r <br /> Average Annual Diversion: 860 AF I �+ <br /> Water Supply Storage Preserved: 2,192 AF <br /> �,,� <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 SEO conditional order. The scope increased during final <br /> design resulting in an increase to the loan. In response to bids received, the Company is again seeking <br /> an increase to its CWCB loan. Work to be done includes the proper abandonment of the abandoned <br /> outlet, the installation of a sluice gate on the outlet's intake, and the replacement of the flow control <br /> gate valves. Construction began in June 2015 and is scheduled for completion in November 2015. <br /> HWY 24 <br /> .. a' aY Pey[on <br /> L?. L Woodland US Air Fore Black Forest <br /> „penney Perk Academy Zi? <br /> Mount»an <br /> Nam-vorr ft, <br /> Elevemmue <br /> Ca,yon <br /> NefAvvnrr <br /> ft <br /> si <br /> ?e4 u..wn wills <br /> Colorado Springs <br /> Lsi[P' <br /> a W • R- - P D. <br /> HWY 9 Cola*Creep si <br /> Project Site <br /> \ -411111 4.44111; <br /> j, <br /> '— (-Canon City ;'i s :.f �, witInt <br /> Water Project Loan Program - Project Data Sheet <br />
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