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<br />Orphans Wells of WIggins LLC <br />November' 9-2'. 2003 <br /> <br />Agenda Item at <br /> <br />Water Project Construction Loan Program~Project Data <br /> <br />Borrower: Orphans Wells of Wiggins, LLC <br /> <br />County: Morgan <br /> <br />Project Name: Recharge and Augmentation Project <br /> <br />Project Type: Well Augmentation <br /> <br />Drainage Basin: South Platte River <br /> <br />Water Source: South Platte River <br /> <br />Total Project Cost: $1.153,000 <br /> <br />Funding Sources: CWCS and Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: NfA <br /> <br />CWCB Loan: $1.037,700 <br /> <br />Interest Rate: 2.5% Term: 30 years <br /> <br />CWCB Grant: $2.500 <br /> <br />Average annual diversions: 6,000 acre-feet <br /> <br /> <br />The Orphans Wells of Wiggins LLC is a new company comprised of 31 separate agricultural <br />operators that own 45 wells which irrigate 4,500 of farmland. Lands owned by Company <br />shareholders receive irrigation water only from junior wells, and are not within the service area of <br />an existing agricultural ditch system. The project involves construction of 1 recharge well, 1 <br />augmentation well, a pipeline, and 23 recharge ponds. The project will generate augmentation <br />credits to cover depletions for 45 irrigation wells used by stockholders of the Company. The <br />project will be completed in fall-winter 2003. Brent Nation, P.E., of Nation Engineering Services <br />has completed the feasibility study. Proposed funding for the project consists of a $1.037,700 <br />Small Project Loan and a $2.500 Feasibility Study Grant from the CWCS, and the remainder <br />from the Company. <br /> <br />:...- ''r : <br />" , <br />--r.~'!.~~ <br />"i I <br />, <br />, <br />, <br />" <br />., <br /> <br />; <br />, <br />" <br />.' <br />, <br />, <br />, <br />, <br />! <br /> <br />1 <br /> <br />, <br /> <br />'w ~. <br /> <br />.. <br /> <br />" <br /> <br />.. <br /> <br />" c <br />-' <br /> <br />'- <br />.,. <br /> <br />...... !\ <br />. <br /> <br />,..c <br />'l ... ~ ..::'.~;~ <br />Ic'I' <br />.".' .' <br /> <br />"'....... <br /> <br />Location Map <br />