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<br /> <br />. <br /> <br />. <br /> <br />, <br /> <br />It <br /> <br />tit <br /> <br />e <br /> <br />Owl Creek Reservoir Company <br />November 20, 2001 <br /> <br /> <br />Agenda Item 22E <br /> <br />WATER PROJECT CONSTRUCTION LOAN PROGRAM-PROJECT DATA <br /> <br />Borrower: Owl Creek Reservoir Company/I. Gale and Valerie A. Moody <br /> <br />Project Name: Owl Creek Reservoir Project <br /> <br />Project Type: Rehabilitation <br /> <br />Drainage Basin: Owl Creek Tributary County: Larimer Water Source: Owl Creek <br /> <br />Total Project Cost: $1,250,000 Funding Source: CWCB <br /> <br />Type of Borrower: Agricultural Median Household Income: N/ A <br /> <br />CWCB Construction Fund Loan: $1,125,000 Interest Rate: 3.25% <br /> <br />Term: 30-years <br /> <br />CWCB Grant: $0 <br /> <br />Reservoir Volume: 1,200 acre-feet <br /> <br />Owl Creek Reservoir is land located in Weld County, Colorado, approximately 6 miles <br />east and 3 miles north of the Town ofAult The reservoir was originally constructed in <br />1896 to store water for irrigation. The dam was constructed of a granular material, that <br />. over the years suffered structural damage due to seepage. In 1983 sand boils appeared <br />along the toe of the dam giving evidence that piping was occurring along the dam <br />embankment Given the condition of the dam embankment and the potential for failure, <br />the dam was intentionally breached in 1983. The proposed project involves <br />rehabilitating the existing facility to meet the State of Colorado's "Rules and Regulations <br />for Dam Safety and Dam Construction", therefore pennitting the storage of <br />approximately 1,200 acre-feet of water. The Applegate Group, Inc., has completed <br />preliminary design plans and specifications for the project. Proposed funding for the <br />project consists of a CWCB Construction Fund Loan for $1,125,000. <br />./... .- '>" <br /> <br />--.. <br /> <br /> <br />~ <br /> <br />Location Map <br /> <br />7 <br />