Laserfiche WebLink
<br />Upper Plane and Beaver Canal Company <br />May 19-20, 2003 <br /> <br />Agenda Item 180 <br />(Updated May 27, 2003) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Upper Platte and Beaver Canal Co. <br /> <br />County: Morgan <br /> <br />Project Name: Badger Creek Augmentation Project <br /> <br />Project Type: Well Augmentation <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: South Platte <br /> <br />Total Project Cost: $75,000 <br /> <br />Funding Sources: CWCS, Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $67.500 <br /> <br />Interest Rate: 2.25% <br /> <br />Term: 10 years <br /> <br />CWCB Grant: $2.500 <br /> <br />Average annual diversions: 32,500 acre-feet <br /> <br />The Upper Platte and Beaver Canal Company operates the Canal for the benefit of their 100 <br />shareholders by providing direct flow irrigation water to an 11,OOO-acre service area. The diversion <br />and headgate are located on the South Platte River, about one mile northeast of Fort Morgan. <br />There are 97 junior irrigation wells under the Upper Platte and Seaver system. The Company <br />wishes to cover the depletions of these wells by constructing two recharge ponds, to be filled from <br />the Upper Platte and Beaver Canal under the Company's 1972 augmentation decree. Average <br />annual diversions are 32,500 acre-feet. The Upper Platte and Seaver Canal Company is a <br />mutual ditch company and a nonprofit corporation registered in the State of Colorado. Brent <br />Nation, P. E. has completed the feasibility study. Proposed funding for the project consists of a <br />$67,500 Small Project Loan and a 52,500 grant from the CWCS, and the remainder from the <br />Company. <br /> <br /> <br />~ <br /> <br />. <br /> <br />-.... . <br /> <br />Location Map <br />