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<br />. <br />. <br /> <br />e <br /> <br />e <br /> <br />e <br /> <br />Low Line Ditch Company <br />March 24-26, 2003 <br /> <br />Agenda Item 25a <br /> <br />Water Project Construction Loan Program-Project Data <br />(LOAN INCREASE) <br /> <br />Borrower: Low Line Ditch Company <br /> <br />County: Logan <br /> <br />Project Name: Augmentation Project <br /> <br />Added Project: Diversion Structure Rehabilitation <br /> <br />Drainage Basin: South Platte River <br /> <br />Water Source: South Platte River <br /> <br />Total Project Cost: $177,500 <br /> <br />Funding Sources: CWCS and Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />New CWCB Loan Amount: $159,750 <br /> <br />Interest Rate: 2.5% Term: 20 years <br /> <br />CWCB Grant: $1,500 <br /> <br />Annual Diversions: 6,650 acre-feet <br /> <br />The Low Line Ditch Company is requesting an increase in the CWCS Small Project loan <br />approved January 2003. The Company operates the Low line Ditch for delivery of irrigation <br />water within a 2,070-acre service area. The headgate for the ditch is located in Logan County, at <br />the Town of Sterling. The initial project included construction of 4 augmentation ponds and drilling <br />one augmentation well to generate augmentation credits to cover depletions for 13 irrigation wells <br />used by Company stockholders. Project funding needs to be increased by $65,250 to allow <br />rehabilitation of the Company's diversion structure on the South Platte River, so that water can be <br />efficiently diverted during the winter months. All work will be completed in winter-spring 2003. <br />Brent Nation, P.E., of Nation Engineering Services has completed the feasibility study. Proposed <br />funding for the project consists of a $159,750 Small Project Loan and a $1,500 Feasibility Study <br />Grant from the CWCS, and the remainder from the Company. <br />e <br />i!~RD___ <br /> <br /> <br />.~ <br />, ., <br />, <br />ill <br /> 0' <br /> <br />, <br /> <br />lIRO. ..' <br /> <br />. Location Map <br /> <br />5 <br />