Laserfiche WebLink
<br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: <br /> <br />Sterling Irrigation Company <br /> <br />. <br /> <br />Project Name: <br /> <br />Sterling No, I diversion and headgate <br /> <br />Project Type: Rehabilitation <br /> <br />County: Logan <br /> <br />Drainage Basin: South Plalte <br /> <br />Water Source: South Plalte <br /> <br />Total Project Cost: <br /> <br />$353,981 <br /> <br />Funding Sources: Company and CWCB <br /> <br />Type of Borrower: <br /> <br />Agricultural <br /> <br />Median Household Income: <br /> <br />N/A <br /> <br />CWCB Loan: <br /> <br />$318,583 <br /> <br />Interest Rate: 3.75% <br /> <br />Term: 30 years <br /> <br />CWCB Grant: <br /> <br />$1,400 <br /> <br />Annual Volume of Water delivered: 23,563 acre-feet <br /> <br />The Sterling No. I diversion and headgate is located 8 miles southwest of Sterling, on the South Platte <br />River. The Sterling Irrigation Company operates the diversion and supplies water to 88 shareholders for <br />irrigation within the 7,400-acre service area. The diversion and headgate are in poor condition and the <br />Company plans to rehabilitate them in 1999, The average annual volume diverted is 23,563 acre-feet. <br />The Sterling Irrigation Company is a mutual ditch company and a nonprofit corporation registered in the <br />State of Colorado. Jack Odor P.E, of G.A.S.P. has been retained by the Company, and has completed the <br />feasibility study. Proposed funding for the project consists of a CWCB loan for $318,583, and $35,400 <br />from the Company. A $1,400 CWCB grant from the Severance Tax Operational Account and $1,400 <br />from the Company will fund the feasibility study. <br /> <br />. <br /> <br /> <br />'- <br />~. <br /> <br />._~ <br /> <br />'. <br />. <br /> <br />~.. <br /> <br />;-< <br /> <br />. <br />o' <br /> <br />. <br /> <br />Location Map <br />