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CT2018-832 Loan Approval Letter
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CT2018-832 Loan Approval Letter
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Last modified
7/30/2019 1:38:37 PM
Creation date
6/2/2017 12:51:40 PM
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Template:
Loan Projects
Contract/PO #
CT2019-2034
Contractor Name
Florida Consolidated Ditch Company
Contract Type
Loan
Loan Projects - Doc Type
Approval Letter
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GOLORADO <br />� Colorado Water <br />Conservatlon Soard <br />• � <br />Project Cost: <br />CWCB Loan: <br />LoQn Term andlnterest Rate: <br />Funding Source: Severance Tax <br />� • <br />ASricufture Municrpaf <br />1D0% 0% <br />• . • � <br />Project Type: <br />Averoee A�nua! Diversion: <br />SZ,800,000 <br />$1,085,750 <br />irs @ 1.8096 <br />Base Fund <br />0% <br />Ditch Rehabilitation <br />Hess Lateral Improvement <br />Florida Conso(idated Ditch Company <br />May 2017 Board Meeting <br />The Hess Lateral, part of the Florida Consolidated Ditch �� � <br />Company water conveyance system, is located 7 miles � Caunty: La Plata <br />south of Durango, CO on the Florida Mesa. The lateral , Water Source: Animas River <br />serves appraximately 67 users irrigating over 1,500 acres Drainage 8asin: San Juan/Dolores River <br />of hay and pasture land. The project will replace the , Division: 7 District: 30 <br />�------ --- -- -- -- <br />open ditch with buried gravity-pressurized pipeline and <br />relocate approx. 21,100 feet of the Hess Laterai due to expansion of HWY 550. CDOT has committed <br />5950,000 to the project. The company also received approval of a$775,000 WSRF grant at the <br />September 2015 meeting. Final design of the project is expected to begin in the fall of 2017 and <br />constructior� will tikety follow one year later. <br />La PIaW County <br />Water Project Loan Program - Project Data Sheet <br />orc� <br />eo <br />
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