CT2016-2005 Approval Letter - Laserfiche WebLink

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* D N R COLORADO Box Elder Ditch Water Rights Purchase co , Colorado Water m Lower Poudre Augmentation Company Conservation Board g p y ,1ar„ t : r u e s September 2015 Board Meeting L O A N D E T A I L S _ Project Cost: $500,000 P� CWCB Loan (with Service Fee): $454,500 ,�—� .6Th 111111111 Loan Term and Interest Rate: 30 Years ® 1.85% *Too Funding Source: Severence Tax Perpetual Base Fund Willliroph.. "7 .400 B O R R O W E R T Y P E h Agriculture Municipal Commercial � '''� 94% 1% Low - 4%Mid - <1% High 1% ,ii*.)111irilibrAis P R O J E C T D E T A I L S Project Type: Water Rights Purchase Average Annual Delivery: 4,000 AF l 17 /....111Wall The Lower Poudre Augmentation Company provides L O C A T I O N augmentation water for 62 irrigation wells in Larimer and County: Larimer &t Weld Weld Counties owned by 28 individual owners. The wells Water Source: Cache la Poudre River provide irrigation water to 4,000 acres. The Company Drainage Basin: South Platte currently has in place 1 AF of augmentation water per irrigated acre quota due to a limited augmentation water Division: 1 District: 3 supply. The Company seeks to purchase 0.5 Box Elder Ditch shares historically used on the Morrison Farm, and 1.5 Box Elder Ditch shares historically used on the Rigden Farm (Subject Shares). The land historically irrigated by the Subject Shares is now the site of an active gravel pit and will become a lined reservoir at the conclusion of mining. Therefore, dry-up associated with the Subject Shares has already occurred. It is expected that while the Subject Shares are undergoing a change of use case in water court, that they will be available for use in the Company's augmentation plan as early as 2016 through a Substitute Water Supply Plan. ( Ft. Collins """"` Morrison and Rigden Farm r .;.�._... \ Service Area ,.w..; `�► -Poudre River - , _, r' 411:2111i-I ,,..w» w; kt South Platte Rive` Water Project Loan Program - Project Data Sheet