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<br />East Fort Mutual DItCh Company <br />January 27, 2004 <br /> <br />A.genda Item 14b. <br /> <br />Water Project Construction Loan Program.ProJect Data <br /> <br />Borrower: East Fori< Mutuallrrgation Company County. Grand <br /> <br />Project Name: Pipe and Slope Stabilization Project Type: System Rehabilitation <br />Drainage Basin: Colorado Water Source: E. Fork Troublesome CrI<. <br />Total Project Cost: $343,049 Funding Sources: Company and CWCB <br /> <br />Type of Borrower: Agricultural Interest Rate: 2.5% <br /> <br />CWCB Loan: $259,860 (Includes Org. Fee) Term: 30 years <br /> <br />CWCB Grant: $5,000 <br /> <br />Average Annual Volume of Water diverted: 8,000 AF <br /> <br />The EFMIC, located in Grand County, owns and operates the East Fori< Ditch to deliver direct flow <br />Irrgation water for the benefrt of the 7 shareholders. Water Is diverted from the East Fori< of <br />Troublesome Creek,located about 10 miles northeast from the Town of Kremmllng, through a 13- <br />mile ditch system to the 4,QOO-acre service area. The East Fori< Mutual Irrgation Company <br />(EFMIC) is applying for a loan In the amount of $257,287 to make repairs to their existing drtch <br />system. The estimated total cost of the project Is $343,049, which Indudes pipe Installation, pipe <br />Joint rehabilitation, slope stabilization, and concrete headwalls. <br /> <br /> <br />~. <br /> <br />Location Map <br />5 <br />