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Last modified
3/26/2010 3:55:22 PM
Creation date
9/30/2006 10:20:25 PM
Metadata
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Template:
Publications
Year
2004
Title
Small Project Loan Report
CWCB Section
Finance
Author
CWCB
Description
Construction Fund and Severance Tax Fund Perpetual Base Account
Publications - Doc Type
Tech Report
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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 />/ <br /> <br />-, ~. <br /> <br />AQenda Item 143 <br /> <br />Smart Bros. Inc. <br />July~2', 2004 <br /> <br />Water Project Construction Loan Program. Project Data <br /> <br />Borrower: Smart Bros. Inc. (SBI) County: Logan <br /> <br />Project Name: Groundwater Recharge Project Project Type: Well Augmentation <br /> <br /> <br />Drainage Basin: South Platte Water Source: Recharge Well <br /> <br />Total Project Cost: $266,500 Funding Sources: eWCB.SBI <br /> <br />Type of Borrower: Agricultural Aver. Delivery: 1000 -1500 acre-feet <br /> <br />CWCB Construction Fund Loan: $239,850 <br /> <br />Interest Rate: 2.5% <br /> <br />Term: 30 years <br /> <br />S81 is a family owned and operated farming and custom cattle feeding operation located <br />approximately 2 miles southwest of Atwood. consisting of approximately 1250 acres of sprinkler and <br />flood irrigated farm ground and a 5000 head feedlot operation, with plans to expand to 8000 head. <br />The S81 farm ground is irrigated with direct flow water, reservoir water and 9 tributary groundwater <br />wells. The feedlot has water provided by 3 commercial wells. The 12 wells are currently <br />augmented under the Logan Well Users (LWU) plan of operation, and produce approximately 1215 <br />acre.feet of depletions per year. S81 has an existing recharge area that is fed through the terminal <br />end of the South Platte Ditch. Icing of the ditch poses a significant problem during the winter, <br />making running recharge water impossible at times. S81 wants to develop a more flexible <br />recharge system that will generate more augmentation water to be used to offset the depletions <br />caused by their 12 wells. They currently generate credits to offset their charges, but are short in <br />dry years, and are vulnerable because of the ditch icing. The proposed project will add a recharge <br />well at the river to pump to the recharge sites at a maximum of 7 cfs, 13,000 feet of 18- PVC pipe, <br />and 3 new recharge areas. S81 would also tie 4 existing wells into the pipeline for supplying <br />augmentation water directly back to the river. The S81 plan is to generate approximately 1000- <br />1500 acre-feet of depletion credits. <br /> <br />(;'1 <br />~ <br /> <br /> <br />.. <br /> <br />. <br /> <br />-'I <br />i J <br />.. <br />, <br /> <br />" *. .----+-, <br />". ;: _ ? v , ' <br />.., \.. ST <br />~. ;~ <br />. . ~ <br />.ii<\I"I""In ;~,.. -- ~14 ......-... <br />. ...... . ""- <br />...y- : - <br />. <br />, <br /> <br />. <br /> <br />I <br />~ <br /> <br /> <br />r-. <br />, <br />, <br /> <br />..-. <br />. <br />. <br /> <br />--.......... <br /> <br />" <br /> <br />" <br /> <br />, <br />.1- _ <br /> <br />" <br /> <br />. <br /> <br />. o,,\...w. <br /> <br />- <br /> <br />Smart Bros. Farms <br /> <br />..-- <br /> <br />. <br /> <br />Cl <br />A.kRON <br /> <br />I <br />r- <br />! <br /> <br />" <br /> <br />". OlD ... <br /> <br />Location Map <br /> <br />j <br /> <br />Page 6 of6 <br />
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