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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 />P <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />CWCS Construction Loan Program <br />PROJECT DATA SHEET <br /> <br />Borrower: Beaver Reservoir Company County: Gunnison <br />Project Name: Liner Protection and Valve Replacement Drainage Basin: Gunnison <br />Project Type: Reservoir Rehabilitation Water Source: Minnesota Creek <br /> <br />Total Project Cost: $142,800 <br />Loan Amount: $128,500 <br /> <br />Funding Sources: CWCS & Company <br />Current Reservoir Capacity: 1,620 acre-feet <br /> <br />Type of Borrower: Low MunicipaVAgricultural Interest Rate: 2.5% Term: 30 years <br />The Beaver Reservoir is located in Gunnison County at an elevation of 8,100 feet. The dam is 113 <br />feet tall and has a storage capacity of 1,620 acre-feet A zoned earthfiU dam impounds the reservoir <br />across the East Fork of the Minnesota Creek. The reservoir is used to store and regulate the release <br />of water for irrigation of about 3,400 acres of agricultural land. The Beaver Reservoir Company <br />(BRC) is comprised of 1.600 shares. The shares are split as follows: Minnesota Canal and Res. Co. <br />(900 shares), Turner Ditch Co. (400 shares) Lone Cabin Ditch and Res. Co. (300 shares). The <br />reservoir was built in 1958 by the SRC. The SRC borrowed $415,000 in 1995 to install the liner and <br />remove a restriction placed on the reservoir by the SEC. The Project consists of stabilizing the <br />reservoir liner, which was installed in 1995 and financed by ewes. The Project will also include the <br />replacement of the malfunctioning and unreliable hydraulic valve and gate on the intake end of the <br />outlet structure. <br /> <br />~-;:.'~ <br />.......... <br /> <br />I Uf',tIl, <br /> <br />~p" .-':. . ~i~/' <br />~f' Hi' . i!f' . <br />',of ,.ZO".' <br />.- ':~ . i...::r~~., . ,,; ..- <br />. ,.,~/'" ,:~ <br />, ~/ <br />. -- <br />t . <br />\ .., ( <br />(TA <br />.1 <br />!I <br />Hotchkis, <br /> <br /> <br />''o.'''~ .;;J.;:~"~ . ! .. "~~;; <br />.~~_~:?~~ ,. I .. ""i'. '. <br />..... ". . f $\.. ~-l~' ,;[1' <br />Bowie ~.) 1 .:..,;..... .....1..... <br />".. <br /> <br />"\ <br /> <br />&! <br /> <br />fl <br />~, .' <br /> <br />" <br /> <br />DELTA <br /> <br />> <br /> <br />. Austin <br />'. t -\ <br /> <br />-,- <br /> <br />)laz;a-r .. <br /> <br />" : <br /> . <br />> <br />, <br /> <br />--' '-. <br /> <br />,~ "'''--'. <br /> <br />) <br /> <br />. .~ <br />-, <br /> <br />_u. <br /> <br />., , <br /> <br />'" <br /> <br />i <br />I <br />Maher I <br />....r <br />i <br />! <br />, <br /> <br />'. <br /> <br />- <br /> <br />.- <br /> <br />LOCA nON MAP <br />
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