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<br />. <br /> <br />. <br /> <br />. <br /> <br />. - <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: <br /> <br />Pine River Canal Company <br /> <br />Project Name: <br /> <br />Tunnel Hill Project. <br /> <br />Project Type: <br /> <br />Replacement <br /> <br />County: <br /> <br />La Plata <br /> <br />Drainage Basin: <br /> <br />San Juan <br /> <br />Total Project Cost: <br /> <br />$325,550 <br /> <br />Company, NRCS, and CWCB <br /> <br />Funding Sonrces: <br /> <br />Type of Borrower: <br /> <br />Agricultural <br /> <br />Median Honsehold Income: N/A <br /> <br />CWCB Loan: <br /> <br />$243,700 <br /> <br />Interest Rate: 3.5% Term: 20 years <br /> <br />Water Source: <br /> <br />Pine River <br /> <br />Annual Volume of Water delivered: 53,000 acre-feet <br /> <br />The Pine River Canal Company tunnel hill project is located 8 miles southeast of Ignacio, adjacent to <br />State Highway 151. The Company operates the canal. and supplies water to 215 shareholders for <br />irrigation within the 13,377 -acre service area. The tunnel is in poor condition and the Company plans to <br />replace it with a new pipeline structure in 1999. The average annual volume diverted is 53,000 acre-feet. <br />The Pine River Canal Company is a mutual ditch company and a nonprofit corporation registered in the <br />State of Colorado. Gary Jennings of the La Plata County NRCS has drafted the feasibility study. <br />Proposed funding for the project consists of a CWCB loan for $243,700, a grant in amount of $26,550 <br />from the Natural Resources Conservation Service, and $56,282 from the Company. <br /> <br /> <br />, ~~. <br /> <br />Location Map <br />3 <br />