Laserfiche WebLink
<br />(j(pha:-Is Wells of \>Vigg:ns. LLC <br />NGV8mtle;' 19-21,2003 <br /> <br />Ag~nda ~;e'll Sf <br /> <br />\iVmh'if Project Construction Loan Program-Project Data <br /> <br />Borrower: Orphans Weils of Wiggins, LLC <br /> <br />County: Morgan <br /> <br />Project Name: Recharge and Augmentation Project <br /> <br />Project Type: Well Augmentation <br /> <br />Drainage Basin: South Platte River <br /> <br />Water Source: South Platte River <br /> <br />Total Project Cost: $1,153,000 <br /> <br />Funding Sources: CWCS and Company <br /> <br />Type of Borrower: Agncultural <br /> <br />Median Household income: N!A <br /> <br />C~\tGS Loan: $1,037,700 <br /> <br />Interest Rate: 25% Term: 30 years <br /> <br />CWCB Grant: $2,500 <br /> <br />Average annual diversions: 6,000 acre-feet <br /> <br />The Orphans Wells of Wiggins LLC is a new company comprised of 31 separate agriculturai <br />operators that own 45 wells which irrigate 4,500 of farmland. Lancis owned by Company <br />Shareholders receive Irrigation water only from junior wells, and are not within the service area of <br />an existing agricuitural ditch system The project invoives construction of 1 reCharge weii, 1 <br />augmentation weii, a pipeline, and 23 recharge ponds, The project w'il generate augmentation <br />credits to cover depletions fa' 45 irrigation wells used by stockholders of the Company. The <br />project will be completed in fall~winte' 2003. Brent Nation, PE., of Nation Engineering Ser/ices <br />has cOlllpieted the feasibiiity study, Proposed funding for the project consists of a $1.037,700 <br />Small Project Loan and a $2,500 Feasibility Study Grant from the CWCS, and the renlainder <br />from the Company. <br /> <br /> <br />Location Map <br /> <br />" <br />