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<br />I' <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />1 <br />"'1 <br />I:) <br />1 <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Fulton Irrigation Dltdl Company <br />March 17. 2004 <br /> <br />Agenda Item 25b. <br /> <br />'Vater Project Construction Loan Program~Project Data <br /> <br />Borrower: Fulton Irrigation Ditch Company <br /> <br />County: Adams <br /> <br />Project Name: Fulton Ditch Spillway Repair <br /> <br />Project Type: Diversion Rehabilitation <br /> <br />Drainage Basin: South Platte <br /> <br />\Vater Source: South Platte River <br /> <br />Total Project Cost: $200,000 <br /> <br />Fuudiug Sources: Company and CWCB <br /> <br />Type of BOfrower: AgriculturaVMunicipal <br /> <br />Interest Rate: 2.8% <br /> <br />CWCB Loan: $170,000 (Includes Org. Fee) <br /> <br />Term: 20 years <br /> <br />Average Annual Volume of\Vater diverted: 30,666 AF <br /> <br />The Fultou Irrigatiou Ditch Company (FIDC), located in Adams County, owns and operates the <br />Fulton Inigation Ditch to deliver direct flow irrigation water for the benefit of the 220 shareholders. <br />Water is diverted from the South Platte River, located about 5 miles southwest from the City of <br />Brighton, to a 37,628 acre service area. The FIDC is applying for a loan in the amount of$170,000 <br />to make repairs to their existing diversion structure. The estimated total cost of the project is <br />$200,000, which involves the placement of steel sheer piling upstream and downstream of the <br />existing spillway structure, with a concret~ pile cap. and the placement of pressurized grout in the <br />existing stilling basin to fill any existing voids. <br /> <br /> <br />Location Map <br /> <br />5 <br />