CT2015-003 Increase Approval Letter

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A DNR COLORADO Reservoir No. 4 Rehabilitation Co - Colorado Water North PoudreIrrigation Company Conservation Board P y January 2016 Board Meeting (Loan Increase) LOAN DETAILS Project Cost: $2,490,000 CWCB Loan (with Service Fee): $2,263,410 6 t Loan Term and Interest Rate: 30 Years ® 2.35% 44.-701 oiiii Funding Source: Construction Fund I 5 BORROWER TYPE 44 at 4 i 111141 irl 11111 Agriculture Municipal Commercialf � 37% 1% Low - 57% Mid - 4% High <1% PROJECT DET AILS 7 Project Type: Reservoir Rehabilitation 1 ^ 7 Average Annual Delivery: 44,400 AF 1 _ .� ,. . Storage Preserved: 1,781 AF N -�_LOCC A TION The North Poudre Irrigation Company is a mutual ditch County: Larimer company established in 1901. The Company's office is Water Source: Cache la Poudre River located in Wellington with a service area of Drainage Basin: South Platte approximately 28,000 irrigated acres of farm land. Division: 1 District: 3 Reservoir No. 4 is an off stream reservoir constructed in the late 1880s, enlarged in the 1920s, and had the outlet works replaced in the late 1950s. The Reservoir No. 4 Rehabilitation Project will modify the dam including its slope, outlet works, drains, spillway, and measurement structure and will also provide a new parking area and floodplain improvements. The purpose of the project is to lift the State Engineer's storage restriction on the reservoir and dam and improve the overall reservoir facility. Project costs have increased from the feasibility cost estimate as a result of design changes and bids received in September 2015. Reservoir construction begain in November 2015 and is scheduled for completion in May 2016. Project Site CFt. Collin • 1-25 C Windsor Reservoir No. 4's Restricted Dam Water Project Loan Program - Project Data Sheet