BOARD01641

• Board Meeting Date: 3/21/2006
• Description: CF Section - Construction Fund and Severance Tax Trust Fund Perpetual Base Account New Loans - Abbott Ranch - Well Replacement Project
• Board Meetings - Doc Type: Memo

Water Project Construction Loan Program - Project Data

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Borrower: Abbot Ranch

County: Elbert

Project Name: Well Replacement Project

Project Type: Well Replacement

Drainage Basin: South Platte

Water Source: Alluvial Well- Kiowa-Bijou

Total Project Cost: $54,388

Funding Sources: CWCB, Abbott Ranch

Type of Borrower: Agricultural

Aver. Delivery: 400 acre-feet

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CWCB Construction Fund Loan: $49,440 Interest Rate: 2.00% Term: 10 years
(inci. 1% loan fee)
The Abbott Ranch is located in Elbert County, approximately 10 miles northeast of the Town of
Kiowa. It consists of 1727 acres, of which 150 acres are irrigated, and the remainder is in dry-land
pasture. The Ranch relies on two main revenue streams, cattle sales and hay sales. Currently, the
Ranch produces 300 tons of hay on the 150 acres, with 70% being available for sale as horse hay.
For irrigation, the Ranch uses one alluvial well that is 80 feet deep, in the Bijou Creek alluvium of
the Kiowa-Bijou Designated Basin, There is a one half-pivot (lower 70 acres) west of Comanche
Creek, and one whole pivot (upper 80 acres) east of the Creek. The existing well feeds the lower
center half-pivot first and then feeds the upper whole pivot by an interconnecting pipeline. The well
permit allows an annual withdrawal of 400 AF at 700 gpm. Historically, the well pumped at 700
gpm which produced 6 tons per acre or a total of 900 tons. Due to deterioration of the casing pipe,
the well can only pump 250 gpm, and production has been reduced to 2 tons/acre, or a total of 300
tons annually. The proposed project will include drilling the 80-foot replacement well with 16"
casing (40' steel and 40' stainless steel), using the re-built pump from the existing well, and
connecting the replacement well to the existing system with 250 if of new 6" PVC piping. In
addition, the Ranch has incurred costs of $12,678 in well-related expenses which will be included.

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