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<br />, <br /> <br />3T Cattle Company Agena3 Item 21 b <br />May 24-27, 2004 <br /> <br />. Water Project Construction Loan Program. Project Data <br /> <br />Borrower: 3T Cattle Company <br /> <br />County: Morgan <br /> <br />Project Name: Well Augmentation <br /> <br />Project Type: Water Rights Purchase <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: Weldon Valley Ditch Shares <br /> <br />Total Project Cost: 5275,000 <br /> <br />Funding Sources: ewes, 3TCC <br /> <br />Type of Borrower: Agricultural <br /> <br />Aver. Delivery: 95 acre-feet (consumptive) <br /> <br />ewes Construction Fund Loan: $247.500 <br /> <br />Interest Rate: 2.5% <br /> <br />Term: 30 years <br /> <br />. <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 554,000 per share. <br /> <br />South Platte River <br /> <br /> <br />L <br /> <br />,-----. <br /> <br />. <br /> <br /> 'p, <br />i - :::::.I I I. <br />e I <br /> - """,,>tt:... ..- 1 r <br /> ~ "r'. . <br /> "0 i <br /> I <br /> t <br /> -I 'I - <br /> ". ~ l - <br /> , <br /> 3T Canle- Company , <br /> I <br /> Feedlot FORT ..ORG....J <br /> -~~~ , I <br />. -- L I( / <br /> 0" "lD I <br /> ,'.". J < '., -.4' <br /> , ( <br /> , '''" .,.' LOCA TIO:-; \lAP <br /> Page 5 of 5 <br /> <br />I ~" <br /> <br />'- <br />/- <br /> <br />