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DNR COLORADO <br /> Co Colorado Water <br /> Conservation Board Water Rights Purchase <br /> Department of Natural Resources Eckhardt Farms, Inc. <br /> Substantially Complete September 2015 <br /> Pawnee National <br /> Fort Col i ns. '''''''''''"4 Grassland <br /> west ° <br /> Lovelaid Greeley <br /> U. J► <br /> Longmo t <br /> o_ <br /> {der Brig to .... 401ft <br /> ont." 1 <br /> , r- et i W CPS <br /> �►° (LaLIe <br /> k <br /> Ott tong � <br /> i It <br /> II <br /> Eckhardt Farms Area S' <br /> Co Co Rd 44 clo, 8 a <br /> Rd 44 Co 8444 Co Rd 44 ° <br /> Project Description <br /> Eckhardt Farms Inc. is located in Weld County near LaSalle, Colorado. The farming Corporation has <br /> been incorporated since 1993. It farms 3,000 acres and generates revenues from crops of hay, wheat, <br /> corn, sugar beets, onions, and pinto beans. In the past, the Corporation was able to irrigate with well <br /> water. The wells it used are part of Central Colorado Water Conservancy District's - Well <br /> Augmentation Subdistrict and have not been able to be pumped since 2005. Since that time the <br /> Corporation has been leasing shares in the Western Mutual Ditch Company. <br /> Through this loan, the Corporation intended to purchase the water it had been leasing for the past <br /> seven years and continue to use it for agricultural production. Those shares later became unavailable <br /> to purchase and the Corporation identified a total of 16.06 shares of Farmers Independent and 2 shares <br /> of Western Mutual to be purchased under this loan. The loan was modified to reflect the new shares. <br /> P R O J E C T D A T A <br /> Sponsor: Eckhardt Farms Inc. County: Weld Water Source: South Platte <br /> River <br /> Type of Loan: Water Rights Purchase Board Approval Date: Sept 2012/Jan 2015 <br /> Terms of Loan: $1,232,035.88 at 1.75% for 30 years <br /> Design Engineer: White Sands Water Engineers, Inc <br /> Contractor: N/A <br /> Project Elements: Purchase of 16.06 Shares of Farmers Independent Ditch Company and 2.0 Shares of <br /> the Western Mutual Ditch Company. <br /> Water Project Loan Program - Project Summary <br />