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<br />" <br /> <br />Rio Gral"lde alld Piedra Valley Di~ Co. <br />September 22.23, 2003 <br /> <br />Agenda Item Sa. <br />(Updated September 25, 2003) <br /> <br />Water Project Construction Loan Program.Project Data <br /> <br />Borrower: Rio Grande & Piedra Valley Ditch Co. County: Rio Grande <br /> <br />Project Name: Check Structure Replacement <br /> <br />Project Type: Rehabilitation <br /> <br />Drainage Basin: Rio Grande <br /> <br />Water Source: Rio Grande <br /> <br />Total Project Cost: $69.333 <br /> <br />Funding Sources: Company and ewes <br /> <br />Type of Borrower: Agricultural <br /> <br />Interest Rate: 2.5% <br /> <br />CWCB Loan: $52.000 <br /> <br />Term: 30 years <br /> <br />CWCB Grant: N/A <br /> <br />Average Annual Volume of Water diverted: 17.381 AF <br /> <br />The Rio Grande and Piedra Valley Ditch Company is located in Rio Grande County with office <br />in Del Norte. The Company operates the Rio Grande and Piedra Valley Ditch to supply water to <br />31 shareholders for irrigation within the 7,S60-acre service area. The Company wants to <br />replace 13 wooden check structures on the ditch system. The project will be constructed in fall <br />2003. The average annual volume diverted is 17,381 acre.feet. The Rio Grande and Piedra <br />Valley Ditch Company is a mutual ditch company and a nonprofit corporation registered in the <br />State of Colorado. Laurie Clark, P.E. of the NRCS has completed the feasibility study. <br />Proposed funding for the project consists of a CWCS loan in amount of 552,000 and the <br />remainder from the Company. <br /> <br />.- <br /> <br /> <br />. <br />. <br /> <br />.:. <br /> <br />., <br />J <br /> <br />. <br />. <br /> <br />. <br /> <br />- <br />Rl~ <br />o Gral) <br />C/eR <br />';;;:- 'f"er <br /> <br />Check 0 <br />~ Structures <br />if . 0 .v.:\ <br /> <br />II, <br />I. <br /> <br />Service <br />Area <br /> <br />Location Map <br />