PUB00085

• Year: 1999
• Title: Construction Fund Annual Report 1999
• CWCB Section: Finance
• Author: CWCB
• Description: Construction Fund Annual Report 1999
• Publications - Doc Type: CF Annual Report

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Water Project Construction Loan Program-Project Data

Borrower:

Sterling Irrigation Company

Project !'\ame:

Sterling No. I Diversion and Headgate

Project T)lle: Rehabilitation

County:

Logan

Drainage Basin: South Plane Water Source: South Platte

Total Project Cost:

5353,981

Funding Sources: Company and ewes

T)'pe of Borrower:

Agricultural

1\ledian lIouse-hold Income: N/A

eweB Loan:

5318,583
51,400

Interest Rate: 3.75% Term: 30 years

eweR Grant:

Annual Volume of\Vater delivered: 23,563 acre. feet

The Sterling No. 1 diversion and headgalc is located 8 miles southwest of Sterling, on the South Platte
River. The Sterling Irrigation Company operates the diversion and supplies water to 88 shareholders for
irrigation \v1thin the 7,400-acre ser....ice area. The diversion and headgate are in poor condition and the
Company plans to rehabilitate them in 1999. The average annual volume diverted is 23.563 acre-feet. The
Sterling Irrigation Company is a mutual ditch company and a nonprofit corporation registered in the State
of Colorado. Jack Odor P.E. of G.A.S.P. has been retained by the Company. and has completed the
feasibility study. Proposed funding for the project consists of a ewcs loan for $318.583. and $35,400
from the Company. A $1.400 CWCB grant from the Severance Tax. Operational Account and $1,400 from
the Company will fund the feasibility study.

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Location Map