Laserfiche WebLink
<br />Water Project Constructiort Loan Program-Project Data <br /> <br />Borrower: <br /> <br />Leroux Creek Water Users Association <br /> <br />. <br /> <br />Project Name: <br /> <br />Carl Smith Dam Rehabilitation <br /> <br />Project Type: Dam Rehabilitation <br /> <br />County: Delta <br /> <br />Drainage Basin: Gunnison <br /> <br />Water Source: Leroux Creek <br /> <br />Total Initial Project Cost: $300,000 <br /> <br />Funding Sources: Company and CWCB <br /> <br />Type of Borrower: Agricultural/Municipal <br /> <br />Median Household Income: Low Income <br /> <br />CWCB Loan: <br /> <br />$300,000 <br /> <br />Interest Rate: 4 % <br /> <br />Term: 30 years <br /> <br />Annual Volume of Water delivered by the Project: 4000 acre-feet <br /> <br />Carl Smith Reservoir is located about 15 miles north of Hotchkiss and the North Fork of the Gunnison <br />River, in the Leroux Creek drainage. The dam failed May 2, 1998, and the reservoir can not be used <br />for storage. If the dam is not rehabilitated the Association will not be able to regulate and deliver <br />approximately 4000 acre-feet to meet the water needs of its shareholders in 1999. The Leroux Creek <br />Water Users Association is a private company with 76 shareholders and a service area of approximately <br />3000 acres. The Association is in the process of selecting an engineering firm to complete the <br />feasibility study and to prepare plans and specifications for the project. Project construction will start in <br />the fall of 1998, and be completed in 1999, Proposed initial funding for the project consists of a CWCB <br />Emergency Loan in amount of $300,000, a $5,000 CWCB grant fonn the Severance Tax Operational <br />Account, and $30,000 from the Company, <br /> <br />, <br /> <br /> <br />- --~--~--- - ~ <br /> <br />4) <br /> <br />Location Map <br /> <br />. <br />