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<br />Lake Meredith Reservoir Co.
<br />March 24.26. 2003
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<br />Agenda Item 240.
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<br />Water Project Construction Loan Program-Project Data
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<br />Borrower: lake Meredith Reservoir Company
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<br />County: Crowley
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<br />Project Name: Outlet Canal Relocation
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<br />Drainage Basin: Arkansas River
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<br />Project Type: Reservoir Modification
<br />Water Source: Arkansas River
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<br />Total Project Cost: $1,524,860 Funding Sources: CWCB, Bank, and Company
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<br />Type of Borrower: Municipal-Agricultural Median Household Income: Blended
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<br />CWCB Loan: $1,000,000 Blended Interest Rate: 4% Term: 30 years
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<br />CWCB Grant: $5,000 Total Reservoir Volume: 41,000 acre-feet
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<br />The lake Meredith Reservoir Company operates Lake Meredith for storage of water that is
<br />used for agricultural, municipal, domestic, and other beneficial uses. Water is received through
<br />the Colorado Canal, with headgate on the Arkansas River. This project involves relocation of 5
<br />miles of outlet canal to allow the Company to utilizE( an additional 18,000 acre-feet of storage in
<br />lake Meredith. The project will be completed in ,Spring-Fall 2003. Steven Steffens, P.E. of
<br />Steffens and Associates, Inc., has completed the'feasibility study. Proposed funding for the
<br />project consists of a $1,000,000 Small Project loan and a $5,000 Feasibility Study Grant from
<br />the CWCB, a $500,000 loan from the First National Bank of Ordway, and the remainder from a
<br />the Company. .,
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<br />location Map
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