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<br />. Water Project Construction Loan Program-Project Data <br /> <br />. <br /> <br /> <br />Upper Platte and Beaver Canal Company <br />May 19-20, 2003 <br /> <br />Agenda Item 18e <br /> <br />Borrower: Upper Platte and Beaver Canal Co. <br /> <br />County: Morgan <br /> <br />Project Name: Badger Creek Augmentation Project <br />Drainage Basin: South Platte <br /> <br />Project Type: Well Augmentation <br /> <br />Water Source: South Platte <br /> <br />Total Project Cost: $75,000 <br /> <br />Funding Sources: CWCB, Company <br />Median Household Income: N/A <br /> <br />Type of Borrower: Agricultural <br /> <br />CWCB Emergency Loan: $67,500 <br /> <br />Interest Rate: 2.25% <br /> <br />Term: 10 years <br /> <br />CWCB Grant: $2,500 <br /> <br />Average al1nual diversions: 32,500 acre-feet <br /> <br />The Upper Platte and Beaver Canal Company operat~s the Canal for the benefit of their 100 <br />shareholders, by providing direct flow irrigation water to al'1 11 ,OOO-acre service area. The diversion . <br />and headgate are located on the South Platte River, about one mile northeast of Fort Morgan. <br />There are 97 junior irrigation wells under the Upper Platte and Beaver system. The Company <br />wishes to cover the depletions of these wells by constructing two recharge ponds, to be filled from <br />. the Upper Platte and Beaver Canal under the Company's 1972 augmentation decree. Average <br />annual diversions are 32,500 acre-feet. The Upper Platte and Beaver Canal Company is a <br />mutual ditch company and a nonprofit corporation registered In the State of Colorado. Brent <br />Nation, P.E. has completed the feasibility study. Propqsed funding for the project consists of a . <br />$67,500 Small Project Loan and a $2,500 grant from .the CWCB, and the remainder from the <br />Company. <br /> <br />. <br /> <br />Location M~p <br />4 <br />