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CT2018-839 Loan Approval Letter
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CT2018-839 Loan Approval Letter
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Last modified
9/4/2020 1:05:18 AM
Creation date
6/2/2017 12:51:43 PM
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Loan Projects
Contract/PO #
CT2018-839
Contractor Name
San Juan Water Conservancy District
Contract Type
Loan
Loan Projects - Doc Type
Approval Letter
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AvC O L O R A D O Dry Gulch Reservoir Land Acquisition <br /> Colorado Wafer <br /> Conservation Board San Juan Water Conservancy District <br /> May 2017 Board Meeting <br /> Project Cost: $2,000,000 t l <br /> CWCB Loan (with Service Fee): $2,000,000 <br /> Loan Term and Interest Rate: 30 Years @ 2.55% <br /> Funding Source: Construction Fund s i <br /> • R R • <br /> Agriculture Municipal Commercial 4 <br /> 0% 100%Low-0%Mid-0%High 0% ! 1 <br /> • 3 <br /> Project Type: Water Storage Land Acquisition ( 7 <br /> Average Annual Delivery: NA 4 <br /> The District was created in 1987 with a purpose to L • C A T 1 • N <br /> conserve, maximize, and utilize the water resources of County: Archuleta <br /> the San Juan River and its tributaries, with the primary Water Source: San Juan River <br /> function to address future water supply needs within its Drainage Basin: Southwest <br /> boundaries. Population projections predict an increase Division: 29 District: 7 <br /> of 25,400 countywide by 2070, an increase that could - - -- --- -- <br /> produce a water supply gap of 4,300 AF per year. <br /> The District has identified the development of Dry Gulch Reservoir as a top priority project for the <br /> region's long-term water supply solution. This reservoir site has been under consideration since the <br /> 1960s and has been identified in 1989 and 2003 as a preferred water storage location for diversions <br /> from the San Juan River. A previous CWCB loan to the Pagosa Area Water and Sanitation District and a <br /> WSRF grant to the San Juan Water Conservancy District provided funding for the purchase of a large <br /> portion of the land needed for the proposed Dry Gulch Reservoir. This loan will acquire the remaining <br /> land needed for the proposed reservoir. The overall Dry Gulch Reservoir project will be planned in <br /> keeping with the objectives outlined in the Colorado Water Plan for new water storage, by not only <br /> off-setting the projected water supply gap, but also providing water resources for non-consumptive <br /> uses to enhance environmental and recreational opportunities of state and local economic benefit. <br /> Planning and permitting for the reservoir is expected to take up to 10 years. This loan will not provide <br /> funds for reservoir construction. _ <br /> pprox. Reservoir Pool <br /> gar <br /> San Juan ver <br /> US 160 Pagosa b <br /> Springs <br /> r <br /> US-84 <br /> oposed Reservoir <br /> Park Ditc <br /> Water Project Loan Program - Project Data Sheet <br />
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