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Last modified
3/26/2010 3:55:22 PM
Creation date
9/30/2006 10:19:22 PM
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Template:
Publications
Year
1989
Title
Construction Fund Annual Report 1989
CWCB Section
Finance
Author
CWCB
Description
Construction Fund Annual Report 1989
Publications - Doc Type
CF Annual Report
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<br /> <br />e <br /> <br />e <br /> <br /> <br />COLORADO WATER CONSERVATION BOARD <br /> <br />Canon Heights Canal System <br />Canon Heights Ditch and Reservoir Company <br /> <br />January. 1989 <br /> <br />Introduction <br /> <br />The Canon Heights Ditch and Reservoir Company (Company) <br />provides irrigation water to 232 people who irrigate 813 acres <br />of land on the northern and northwestern edge of Canon City. <br />Crops grown on this irrigated acreage include grass hay. <br />alfalfa. fruits. vegetables. small grains and trees. The <br />Company delivers water to this acreage from Four Mile Creek <br />via a 13.2 mile combination ditch and pipeline system. <br /> <br />Problem <br /> <br />The U.S. Soil Conservation Service (SCS) has identified <br />three reaches of the open ditch section of the delivery system <br />where excessive seepage is occurring. Estimated losses due to <br />seepage in these reaches is 3.9 c.f.s.. which represents about <br />20 percent of the ditch carrying capacity of 19 c.f.s. <br /> <br />Proposed Proiect <br /> <br />The SCS has prepared an evaluation study of the delivery <br />system which identified the three reaches stated above as the <br />most critical problems in the system. They recommend <br />replacing these three reaches of open ditch with a 36 inch <br />reinforced concrete pipe. The total length of pipe required <br />will be 1860 feet. The SCS will prepare all necessary plans <br />and specifications for the project. The total project cost is <br />estimated to be $131.000. <br /> <br />Proposed Financina <br /> <br />ASCS grant & company loan <br />CWCB loan at 5 percent, 25 years <br /> <br />$65.500 <br />65.500 <br />$131,000 <br /> <br />Under this financing arrangement the Company would pay the <br />CWCB $4.647.22 per year for 25 years. for a total repayment of <br />$116.180.25. <br /> <br />Recommendation <br /> <br />It is recommended that this project be authorized by the <br />General Assembly in the amount of $65.500. subject to the <br />proposed terms of financing set forth above and SUbject to the <br />company demonstrating to the Board's satisfaction that it can <br />meet its repayment Obligation. <br /> <br />Ibj <br /> <br />9053E <br /> <br /> <br />.... <br />
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