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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />-"'-'" <br /> <br />Agenda Item 21b <br /> <br />3T Cattle Company <br />May 24.27. 2004 <br /> <br />Water Project Construction Loan Program - Project Data <br /> <br />. <br />, <br /> <br />Borrower: 3T Cattle Company <br /> <br />County: Morgan <br />Project Type: Water Rights Purchase <br /> <br />Project Name: Well Augmentation <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: Weldon Valley Ditch Shares <br /> <br />Total Project Cost: $275,000 <br /> <br />Funding Sources: CWCB,3TCC <br /> <br />Type of Borrower: Agricultural <br />ewes Construction Fund Loan: $247.500 <br /> <br />Aver. Delivery: 95 acre-feet (consumptive) <br /> <br />Interest Rate: 2.5% <br /> <br />Term: 30 years <br /> <br />3T Cattle Company, Inc. (3TCC) operates a 10,000 head cattle feedlot 6 miles southwest of Fort <br />Morgan. The water for the feedlot is supplied by one tributary groundwater well. The junior well is <br />currently augmented under the Groundwater Appropriators of the South Platte (GASP) plan of <br />operation, however. GASP will cease to cover the augmentation needs of this well on August 22, <br />2004. Consumptive use for 10.000 head of cattle will be approximately 90 t0112 acre-feet <br />annually, based on daily consumptive water use for cattle calculated at 6 -10 gallons per animal. <br />3TCC is seeking CWCS funding to purchase 5 shares of Weldon Valley Ditch water for use for <br />augmentation. 3TCC is considering several options for either submitting their own Substitute <br />Water Supply Plan to the State, or joining an existing augmentation group plan such as Central <br />Colorado Water Conservancy District or Orphan Wells of Wiggins. LLC. The total estimated <br />consumptive use delivery of the water rights is 90 to 100 acre-feet, and the purchase price of the <br />Weldon Valley shares in $54,000 per share. <br /> <br /> <br />South Plane River <br /> <br />, <br />~f ,p/ <br />D\ <br /> <br />- <br />'- <br /> <br />NQIIn<EfI~ r::...., <br /> <br />w, <br /> <br />- <br /> <br />. <br /> <br />o. <br />.~, <br /> <br />~ <br /> <br /> ~ , <br /> ~' <br /> ~ , ,- <br />3T Cattle Company '0 <br />Feedlot 7'~~ 'OflT ..OIlG.rJ <br /> .' I <br /> . - 1;' lC I <br /> ,~ 0.. . <br /> <br />." <br />c..i-t...' <br /> <br />.. <br /> <br />" <br /> <br />~ <br /> <br /> <br />- <br />, <br />- <br />- <br /> <br />- <br /> <br />'.. <br /> <br />,- <br /> <br />,..,. <br /> <br />LOCATION ~lAP <br />Page 6 of 6 <br />