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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 21tl <br /> <br />3T Cattle Company <br />May 24-27. 2004 <br /> <br />Water Project Construction Loan Program - Project Data <br /> <br />, <br />i <br /> <br />Borrower: 3T Cattle Company <br /> <br />County: Morgan <br />Project Type: Water Rights Purchase <br /> <br />Project Name: Well Augmentation <br /> <br />Water Source: Weldon Valley Ditch Shares <br /> <br />Drainage Basin: South Platte <br /> <br />Total Project Cost: $275,000 <br /> <br />Funding Sources: CWCS,3TCC <br /> <br />Aver. Delivery: 95 acre-feet (consumptive) <br /> <br />Type of Borrower: Agricultural <br /> <br />Term: 30 years <br /> <br />CWCS Construction Fund Loan: $247,500 <br /> <br />Interest Rate: 2.5% <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 8 -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 /> <br /> <br />South plane River <br /> <br />L <br /> <br />E:~ ,~) <br />~jL\ <br /> <br />(8 <br /> <br />- <br />,- <br /> <br />""''''~ <br /> <br />"" <br /> <br />- <br /> <br />, <br /> <br />~: <br /> <br />" <br /> <br />, <br /> <br />~ <br /> <br />'. <br /> <br />~ <br /> <br />3T Cattle Company <br />Feedlot <br /> <br /> <br />'O~T <br /> <br />OI'lG"',J <br />I <br /> <br /> <br />- <br />Oil "i.D I . <br /> <br />.~ <br /> <br />. <br /> <br />( <br />.;) <br /> <br />-- <br /> <br />,- <br /> <br />LOCA nON MAP <br /> <br />- <br /> <br />Page 6 of 6 <br />