BOARD00981

• Board Meeting Date: 9/22/2003
• Description: CF Section - Rio Grande and Piedra Ditch Company
• Board Meetings - Doc Type: Memo

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RiO Grande and Piedra Valley Ditch Co.
September 22.23, 2003

Agenda Item 5a.;

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Water Project Construction LOliln Program-Project Data

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Borrower: Rio Grande & Piedra Valley Ditch Co. County: Rio Grande
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Project Name: Check Structure Replacement

Project Type: Rehabilitation

Drainage Basin: Rio Grande

Water Source: Rio Grande

Total Project Cost: $69,333

Funding Sources: Company and CWCB
Interest Rate: 2.5%

Type of Borrower: Agricultural

CWCB Loan: $52,000

rrerm: 30 years

CWCB Grant: N/A

Average Annual Volume of Water diverted: 17,381 AF
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The Rio Grande and Piedra Valley Ditch Company, is located in Rio Grande County with office
in Del Norte. The Company operates the Rio Granqe and Piedra Valley Ditch to supply water to
31 shareholders for irrigation within the 7,660-at:re service area. The Company wants to
replace 13 wooden check structures on the ditch system. The project will be constructed in fall
2003. The average annual volume diverted is 17,1381 acre-feet. The Rio Grande and Piedra
Valley Ditch Company is a mutual ditch company $nd a nonprofit corporation registered in the
State of Colorado. Laurie Clark, P.E. of the N~CS has completed the feasibility study. e
Proposed funding for the project consists of a qWCB loan in amount of $52,000 and the
remainder from the Company.

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