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A DNR 1COLORADO Irrigation Systems Improvements <br /> CO Colorado Water <br /> Conservation Board Greeley and Loveland Irrigation Company <br /> „Etaarr„enf of No',Ira;kt, November 2015 Board Meeting <br /> (Loan Increase) <br /> L O A N D E T A I L S <br /> - <br /> Project Cost: $4,120,000 41,opoillit6 <br /> CWCB Loan (with Service Fee): $3,745,080 <br /> Loan Term and Interest Rate: 30 Years @ 2.15% 'or Funding Source: Construction Fund 0 <br /> i <br /> B O R R O W E R T Y P E <br /> Agriculture Municipal Commercial . a h <br /> 34% 53% Low - 12%Mid - <1% High <1% <br /> P R O J E C T D E T A I L S <br /> Project Type: Reservoir Rehabilitation <br /> Average Annual Delivery: 45,000 AF <br /> Storage Preserved: 56,96 AF ./....110///111 <br /> L O C A T I O N <br /> The Greeley and Loveland Irrigation Company (Company) County: Larimer <br /> is a mutual ditch company established in 1900. Together Water Source: Big Thompson River <br /> with the Seven Lakes Reservoir Company (Seven Lakes), Drainage Basin: South Platte <br /> they own and operate nine reservoirs, and control the Division: 1 District: 4 <br /> Greeley and Loveland Canal. <br /> Boyd Lake, owned by the Company, is the largest reservoir in the irrigation system and has a surface <br /> area of 1,750 acres with a storage capacity of 48,871 acre-feet. The Boyd Lake project will replace the <br /> high-level reservoir inlet and outlet from the Greeley and Loveland Irrigation Canal so that the <br /> Company can discharge water into Boyd Lake for storage during low reservoir levels, or discharge water <br /> back into the canal for deliveries during high reservoir levels. <br /> Horseshoe Lake, owned by Seven Lakes, has a surface area of 650 acres and a storage capacity of 8,115 <br /> acre-feet. The Horseshoe Lake project will increase the conveyance capability from Horseshoe Lake <br /> into Boyd Lake to 1,100 cfs, at higher reservoir levels, so the Company and Seven Lakes can more <br /> efficiently provide irrigation water to shareholders. <br /> As of October 2015, construction has been completed on Boyd Lake, Horseshoe Phase 1, and Horseshoe <br /> Phase 2A. Horseshoe Phase 2B is the last phase for this Project and is currently under construction. The <br /> Company is seeking this increase to account for actual construction costs which exceeded the original <br /> engineering estimate. <br /> ', <br /> 4..9 VV.I.l arm <br /> Otte sv.=< ..... <br /> „o <br /> $ 't Existing Horseshoe Lake High-Level Outlet <br /> ,..., =CB rrw„a.wwri„ <br /> BCnAW1;cc'xaHnm VMi• •. ^ r+. <br /> .«,a= <br /> C <br /> ' l.Miafy+rwWrrt <br /> n.a <br /> Existing Boyd Lake High-Level Outlet <br /> Water Project Loan Program - Project Data Sheet <br />