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<br />. <br /> <br />Central Colorado WCD <br />November 25-26, 2002 <br /> <br />Agenda Item 20e. <br /> <br />e <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Groundwater Management Subdistrict of the <br />Central Colorado Water Conservancy District <br /> <br />Project Name: Well Augmentation Project Type: Purchase Water Rights and <br />Construct Augmentation Facilities <br /> <br />Counties: Weld, Adams, Morgan <br /> <br />Drainage Basin: <br /> <br />South Platte <br /> <br />Water Source: South Platte <br /> <br />Total Project Cost: $22 million <br /> <br />Funding Sources: Borrower and CWCB <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $20 million <br /> <br />Interest Rate: 2.75% Term: 30 years <br /> <br />Annual depletions covered: 22,260 acre-feet <br /> <br />e <br /> <br />The Groundwater Management Subdistrict of the Central Colorado Water Conservancy <br />District is located in Adams, \f\!eld, and ~..4organ counties. The Subdistrict has operated <br />an augmentation plan since 1973 and currently has 966 agricultural member wells and <br />an annual depletion of 22,260 acre-feet. The 2001 Colorado Supreme Court decision <br />concerning "Empire Lodge" now makes it necessary for the Subdistrict to acquire <br />additional senior water rights and build more storage and water recharge facilities to <br />augment out-of-priority diversions. The Subdistrict was authorized under the Water <br />Conservancy Act of 1937 and has the power to acquire water rights, construct and <br />operate facilities. levy taxes, and issue debt subject to the provisions of TABOR. The <br />Subdistrict has completed the feasibility study. Funding will come from a $15 million loan <br />from the CWCB for 90% of the cost. The Subdistrict will fund the remainder. <br /> <br />(Location Map on Reverse) <br /> <br />e <br /> <br />7 <br />