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<br />I <br />( <br /> <br />~ <br />e <br /> <br />e <br /> <br />e <br /> <br />Low Line Ditch Company <br />January 22-23, 2003 <br /> <br />Agenda Item 19h <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Low Line Ditch Company <br /> <br />County: Logan <br /> <br />Project Name: Augmentation Project <br /> <br />Project Type: Well Augmentation <br /> <br />Drainage Basin: <br /> <br />South Platte River <br /> <br />Water Source: South Platte River <br /> <br />Total Project Cost: $105,000 <br /> <br />Funding Sources: eWCB and Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $94,500 <br />CWCB Grant: $1,500 <br /> <br />Interest Rate: 2.75% Term: 30 years <br /> <br />Annual Diversions: 6,650 acre-feet <br /> <br />The Low Line Ditch Company operates the Lowline Ditch for delivery of irrigation water within a <br />2,070-acre service area. The headgate for the ditch is located in Logan County, at the Town of <br />Sterling. This project includes construction of 4 augmentation ponds and drilling one <br />augmentation well to generate augmentation credits to cover depletions for 13 irrigation wells <br />used by stockholders of the Company. The project will be completed in winter 2003. Brent Nation, <br />P.E., of Nation Engineering Services has completed the feasibility study. Proposed funding for <br />the project consists of? $94,500 Small Project Loan and a $1,500 Feasibility Study Grant from <br />the CWCB, and the remainder from the Borrower. <br /> <br /> <br />Location Map <br />5 <br />