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<br />215
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<br />Kenosha Trout Club
<br />January 24-25, 2001
<br />
<br />Agenda Item 11 d.
<br />
<br />Water Project Construction Loan Program.Project Data
<br />
<br />Borrower: Kenosha Trout Club (Homeowners Association)
<br />
<br />Project Name: Lininger Lake Project Type: Rehabilitation/Purchase Water Rights
<br />
<br />County: Park
<br />
<br />Drainage Basin: South Platte
<br />
<br />Water Source: South Platte
<br />
<br />Total Project Cost: $800,000
<br />
<br />Funding Sources: Borrower and CWCB
<br />Median Household Income: $32,102
<br />
<br />Type of Borrower: Municipal
<br />
<br />CWCB Loan: $600,000
<br />
<br />Interest Rate: 5.5% Term: 30 years
<br />
<br />Annual Volume of Water delivered: 156 acre-feet
<br />
<br />The Kenosha Trout Club is located 8 miles southwest of the Town of Grant, near
<br />Kenosha Pass. The Kenosha Trout Club (Homeowners Association) operates and
<br />manages community property, including all water rights, lakes, and roads. The Lininger
<br />Lake, which is used for fish, wildlife and recreation purposes by subdivision residents, is
<br />supplied by a junior water right and can not be filled unless its consumptive use due to
<br />evaporation is replaced. The estimated average annual divertable volume is 110 acre-
<br />feet, and the evaporative loss needing augmentation is 46 acre-feet. The Association
<br />plans to purchase senior water rights that are suitable for augmentation, and to make
<br />certain improvements to the Lininger Lake Dam. The Kenosha Trout Club is a nonprofit
<br />corporation registered in the State of Colorado. The Association has 32 members and
<br />the subdivision covers 240 acres, of which 51 acres is Lininger Lake. Greg Roush, P.E.
<br />at Leonard Rice Consulting Water Engineers, Inc. has completed the feasibility study.
<br />Funding will come from a $600,000 loan from the CWCB for 75% of the cost. The
<br />Kenosha Trout Club Homeowners Association will fund the remainder.
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