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<br />Shultz Farm, Inc <br />November 25-26, 2002 <br /> <br />Agenda Item 20j. <br /> <br />I <br />. <br />e <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: <br /> <br />Shultz Farm, Inc. <br /> <br />County: Weld <br /> <br />Project Name: <br /> <br />Hill Lake <br /> <br />Project Type: Rehabilitation and Enlargement <br /> <br />Drainage Basin: <br /> <br />South Platte <br /> <br />Water Source: St. Vrain River <br /> <br />Total Project Cost: $445,000 <br /> <br />Fundit\g Sources: Borrower and CWCB <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />cweB Small Project Loan: $400,000 <br /> <br />Interest Rate: 2.75% <br /> <br />Term: 30 years <br /> <br />Completed Reservoir Volume: 250 acre-feet <br /> <br />Shultz Farm, Inc. owns the Hill Lake, which is used for storage of irrigation water. The Lake is <br />located in Weld County, 8 miles northeast of Longmont and is filled through a ditch off the St. <br />Vrain River. The Lake, which is natural, has a storage decree for 134 acre-feet, but has become <br />silted in so that the existing capacity is about 65 acre-feet. Shultz Farm, Inc. wants to excavate the <br />Lake to a final capacity of 250 acre-feet to provide water for its farming/ranching operation during <br />drought periods. The project will be completed in willter 2002/2003. Steve Shultz, President, has <br />completed the feasibility study. Proposed funding ;for the project consists of a $400,000 Small _ <br />Project Loan from the CWCB, and the remainder from the Borrower. . <br /> <br /> <br />L~ \. __"lj <br />.1 <br /> <br />""' <br /> <br />" <br /> <br />," <br /> <br />M.. <br /> <br />e <br /> <br />LocatiQn Map <br />4 <br />