CT2017-913 Approval Letter

• Contract/PO #: CT2017-913
• Contractor Name: Union Well Augmentation Group
• Contract Type: Loan
• Loan Projects - Doc Type: Approval Letter

* o COLORADO Union Reservoir Water Rights Purchase
CO 1, Colorado Water
Conservation Board Union Well Augmentation Group
D,p,a„,„er', \I,t.ad;Fit SourCeS May 2016 Board Meeting
LOAN
D E T A I
Project Cost: $2
73,000
:CWCB Loan (with Service Fee): $248,157
Loan Term and Interest Rate: 20 Years ® 1.45% • � ;
/ 1111
Funding Source: Construction Fund
hBORROWER TYPE
Agriculture Municipal Commercial iift
100% 0% Low %Mid % High 0%
PROJECT DETAILS
Project Type: Water Rights Purchaser
1%
Average Annual Delivery: 116 AF
The Union Well Augmentation Group provides L OC A T I 0 N
augmentation water for well owners of the Union Ditch County: Weld
Company, providing supplemental irrigation water to 29 Water Source: South Platte River
wells covering 2,200 acres. The Company covers an Drainage Basin: South Platte
average of 4 AF of well depletions per year. Division: 1 District: 2
The Augmentation Group seeks to purchase 2.0 shares of
the Union Reservoir Company. The Augmentation Group will use these shares in the augmentation plan
via a lease with the City of Longmont where Longmont will use the 2 shares and in return the
Augmentation Group will receive the city's effluent, which is approved for use in the augmentation
plan. It is expected that these 2 shares will add 15.3 AF to the Augmentation Group's average quota of
0.5 AF per well.
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al Union Ditch Service Area
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T *^ Lakes 8 Reservoirs
1
Water Project Loan Program - Project Data Sheet