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<br />Tunnel Water Co. <br />January 24-25, 2001, <br /> <br />Agenda Item 1 Db. <br />(Updated February 5, 2001) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />. <br /> <br />Borrower: Tunnel Water Company <br /> <br />County: Larimer <br /> <br />Project Name: Laramie-Poudre Tunnel <br /> <br />Project Type: Rehabilitation <br /> <br />Drainage Basin: North Platte I South Platte <br /> <br />Water Source: Laramie River <br /> <br />Total Project Cost: $4,100,000 <br /> <br />Funding Sources: Company and CWCB <br /> <br />Type of Borrower: Agricultural I Municlpill <br /> <br />Blended Interest Rate: 4,3% <br /> <br />.eWCB Loan: $2,080,000 <br />CWCB Grant: $0 <br /> <br />Term: 30 years <br /> <br />Average Annual Volume of Water diverted: 15,085 acre-feet <br /> <br />. <br /> <br />The Laramie-Poudre Tunnel is located in Larimer County, 60 miles west of Fort Collins, and diverts <br />water from the Laramie River to the Poudre River drainage. The Tunnel Water Company operates the <br />collection system and tunnel to supply water to 2 major shareholders, the Water Supply and Storage <br />Company and the Windsor Reservoir and Canal Company, Water is used for irrigation within the 100,000- <br />acre service area, A portion of the tunnel collapsed in May 29,2000, cutting off water deliveries, The <br />Company needs to rehabilitate the tunnel prior to the 2001 irrigation season, and is currently working on <br />the project using funds from a $1,6 million emergency loan approved by the CWCS in September 2000. <br />The average annual volume diverted is 15,085 acre-feet. The Tunnel Water Company is a mutual ditch <br />company and a nonprofit corporation registered in the State of Colorado, Don Deere, P,E. of Rocky <br />Mountain Consultants has completed engineering plans and specifications. John Van Sciver, P.E., <br />CWCS staff, has completed the feasibility study,Proposed funding for the project consists of CWCS loans <br />totaling $3,680,000 and $410,000 from the Company. <br /> <br />. <br /> <br /> <br />,. <br /> <br />." .... <br /> <br />.r:t~:..i"~ <br />. -~-\i."" <br /> <br />Location Map <br /> <br />6 <br />