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<br />. <br /> <br />. <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />Kern Reservoir and Ditch Company <br />November 25-26, 2002 <br /> <br />Agenda Item 20h <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Kern Reservoir and Ditch Company County: Weld <br /> <br />Project Name: <br /> <br />Kern Reservoir <br /> <br />Project Type: Rehabilitation <br /> <br />Drainage Basin: <br /> <br />South Platte River <br /> <br />Water Source: Cache La Poudre River <br /> <br />Total Project Cost: $6,160,000 <br /> <br />Funding Sources: CWCS and Company <br /> <br />Type of Borrower: Municipal/Commercial <br /> <br />Median Household Income: High <br /> <br />CWCB Loan: $3.620,000 <br />CWCB Grant: $5,000 <br /> <br />Blended Interest Rate: 5,1 % Term: 30 years <br /> <br />Reservoir Volume: 2,600 acre-feet <br /> <br />The Kern Reservoir and Ditch Company operates the Kern Reservoir for storage of irrigation <br />water, as an equalizer reservoir for the Greeley Number 2 Ditch, and for recreation. The reservoir <br />is located in the Town of Windsor, about 45 miles north of Denver, and receives water from the <br />Cache La Poudre River. The reservoir has been in use for approximately 100 years, during which <br />time it has become silted in to a capacity of 1,100 acre-feet. The Company wants to dredge out <br />the reservoir to restore the original capacity of 1 ,800 acre-feet and to provide additional storage <br />for the 100-year flood. Work started in fall 2002, and will be completed by April 2003.. The Kern <br />Reservoir and Ditch Company is a mutual ditch and reservoir company and a non-profit <br />corporation registered in the State of Colorado. Rocky Mountain Consultants, Inc., has <br />completed the feasibility study. Funding for the project consists of a CWCB Small Project Loan <br />for $1,000,000 (approved September 2002), a CWCB follow-up loan for $3,620,000, and the <br />remainder from the Company. <br /> <br /> <br />..' J.rL J <br />Project Location <br /> <br />- <br /> <br />.. <br /> <br />. <br /> <br />.. <br /> <br />-I- <br /> <br />Location Map <br />5 <br />