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( COLORADO Wiggins Recharge Facility at Glassey Farms <br /> Av <br /> Colorado Water <br /> Conservation Board Town of Wiggins <br /> Uepa,-ment or Natural Resozvz- March 2017 Board Meeting <br /> • <br /> Project Cost: $2,385,000 <br /> CWCB Loan: $2,408,850 6 <br /> Loan Term and Interest Rate: 30 Years @ 2.40% <br /> Funding Source: Severance Tax PBF 5 <br /> • R R • <br /> Agriculture Municipal Commercial 4 <br /> 0% 100% Low - 0%Mid - 0% High 0% 2 <br /> • R • <br /> 3 <br /> Project Type: Augmentation 7 <br /> Average Annual Delivery: 140 AF <br /> The Town of Wiggins, through a water activity • • <br /> enterprise, provides service to approximately 900 County: Morgan <br /> residents. The Town anticipates considerable growth Water Source: South Platte River <br /> over the next 10 years due to four new developments Drainage Basin: South Platte River <br /> recently annexed into the Town limits. Those Division: 1 District: 1 <br /> developments are projected to bring up to 310 jobs into <br /> Wiggins over the next 5 years and approximately 500 <br /> new single family units and 150 multi-family units. <br /> Historically the Town has relied on non-tributary wells drilled into the Kiowa Bijou Designated Ground <br /> Water Basin. Due to water quality issues and dropping aquifer levels, the Town drilled two wells into <br /> the South Platte Alluvial Aquifer. Those wells are augmented through the Kammerer Recharge site and <br /> augmentation water leases. In order to develop a reliable and long-term augmentation water supply, <br /> the Town will purchase the Glassey Farm and associated water rights. Recharge ponds will take <br /> approximately 40 acres and the Town is in negotiations with Morgan County Community College to <br /> share the remaining farmland for an agricultural education program focused on low watering farming <br /> techniques. Construction is planned to begin summer 2017 and be complete by fall 2017. <br /> t, f <br /> €a-'fir- <br /> = Glassey Farm <br /> v pie <br /> I ' k <br /> . , <br /> Fort Morgan <br /> I-76 <br /> Wiggins <br /> Water Project Loan Program - Project Data Sheet <br />