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<br />. <br /> <br />3. Larimer County - Drv Creek Multi-Objective FloodDlain Proiect. <br /> <br />Authorization: <br />Water Source: <br />Terms of Loan: <br /> <br />SB 96-152, Amended SB 97-8 <br />Dry Creek Basin <br />$920,000 @4.2S% for 30-years <br /> <br />County: Larimer - N. of Ft. Collins <br />Project Yield: N/A <br />Project Type: Flood Mitigation <br /> <br />Dry Creek is located north of Fort Collins, with a majority of its 75 square miles of drainage basin area <br />located within Larimer County. The uppermost portion of the basin consists of rangeland and irrigated <br />pastures. The lower portion of the basin within the city limits of Fort Collins consists of commercial, <br />industrial, and residential development. Over the years the lower 2/3 of the Dry Creek floodplain corridor <br />has almost been completely eliminated due to development. The 100-year runoff for Dry Creek is <br />5,022 cfs. The intent of the project is to control floodwaters in the upper basin area by means of <br />detention facilities to reduce the peak discharge from 5022 cfs to 500 cfs above the Weld Canal, utilize a <br />specific reach of the Weld Canal to transport the 500 cfs, and construct approximately 1.5 miles of new <br />open channel from the Weld Canal to a designated point along Dry Creek, located downstream of existing <br />development. The proposed improvements would remove over 800 structures out of the Dry Creek <br />regulatorylOO-year floodplain. The project is currently in the feasibility/preliminary design phase. <br />Project loan approval was granted by the Board attlie November 200r Board Meeting: The County has . <br />secured alternate financing for the project and the loan was de-authorized at the November 2004 Board <br />Meeting. e <br />.. <br /> <br />4. Tilton Lateral Incoroorated - Tilton Lateral Rehabilitation <br /> <br />Authorization: Small Project Loan <br />Water Source: GVIC Mainlain <br />Terms of Loan: $100,000 @ 3.5% for 30-years <br /> <br />County: Mesa <br />Project Yield: 960 acre-feet <br />Project Type: Lateral Rehabilitation <br /> <br />The Tilton Lateral is located offheadgate No. 160 of the Grand Valley lITigation Canal (GVIC), which is <br />located in southeast Grand Junction. The Tilton Lateral Company operates the lateral to supply 36 <br />shareholders water to irrigate a 177 -acre service area. The existing lateral is in poor condition and delivers <br />only one half of its allocated water. The project involves the construction of a new concrete inlet structure at <br />the UP Railroad crossing, the placement of2,Soo linear feet oflow head pipe, and the replacement of 10,000 <br />linear feet of existing concrete ditch with high head pipe. The project was designed by the NRCS Grand <br />Junction Office and put out to bid in February of 2003. Only one bid was received at that time, which was <br />rejected due to its high cost. The Tilton Lateral Company is currently working on an alternative design with <br />a private consultant to obtain a project that meets their available funds. Project is tentatively on-hold pending <br />resolution of available funds by Tilton Lateral. <br /> <br />S. Silt Water Conservancy District - System Rehabilitation <br /> <br />Authorization: Construction Fund <br />Water Source: Colorado River <br />Terms of Loan: $1,019,7OO@2.7S% for 30-years <br /> <br />County: Garfield <br />Project Yield: 18,000 acre-feet <br />Project Type: System Rehabilitation <br /> <br />. <br /> <br />The Silt Water Conservancy District operates a system consisting of reservoirs, canals, pump plants, and <br />irrigation laterals varying in age from SO-Ioo-years old. This project involves the rehabilitation of the Grass <br /> <br />56 <br />