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BOARD01915
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Last modified
8/16/2009 3:08:42 PM
Creation date
10/4/2006 7:04:41 AM
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Board Meetings
Board Meeting Date
7/18/2005
Description
CF Section - New Loans - Overalnd Ditch and Reservoir Co. - Overland Reservoir Rehabilitation Project
Board Meetings - Doc Type
Memo
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<br />CWCB Construction Loan Program <br />Project Data Sheet <br /> <br />Borrower: Overland Ditch and Reservoir Co. <br /> <br />County: Delta <br /> <br />Project Name: Overland Reservoir Enlargement Project Type: Reservoir Enlargement <br /> <br />Drainage Basin: Gunnison River Basin <br /> <br />Water Source: Cow Creek <br /> <br />Total Project Cost: $1,255,555 <br /> <br />Funding Sources: CWCB & Local Bank <br /> <br />Type of Borrower: Agricultural <br /> <br />Average Delivery: 17,000 acre-feet <br /> <br />Loan Amount: $1,130,000 <br /> <br />Interest Rate: 2.5% <br /> <br />Term: 30 years <br /> <br />The Overland Reservoir Company is a non-profit mutual ditch company established in the State of <br />Colorado in 1895. The Company owns and operates the Overland Reservoir for the 120 <br />shareholders and delivers an average of 17,000 AF of irrigation water annually. The Reservoir is <br />located in Delta County in the Gunnison National Forest at an elevation of 10,000 feet. The <br />Reservoir has a current storage capacity of 6,200 AF and will be increased to 7,171 AF with this <br />project. The reservoir was built in 1905 and required significant repair work in 1987 by the Company <br />with financial assistance from CWCB and the Bureau of Reclamation. This project consists of <br />raising the spillway elevation by 3.8 feet, installing toe drains, increasing the dam crest width and <br />adding necessary embankment protection. Construction is scheduled to begin in the summer of <br />2007. <br /> <br /> <br />.. ,.'\....>:.., <br />,-, <br /> <br />~ <br /> <br />~:<,-.~,' <br /> <br />'~"., <br />'->><::<h-~.,::-'" <br /> <br />',-,' <br />"\:"":':i:::" <br />~~ <br /> <br />,w...,~:::.:'" <br /> <br />."". ;x.~~""~~:':~~0,:';\' <br />/-- :1"<<'7" <br />- 1__- \ <br />EI ') \"~.. , <br />H \ <br />\, <br />.i.......'"':) Olathe <br />" <br />'" <br />t <br /> <br />, <br />Ll <br /> <br />)~'Ji.:i <br />.".-.- <br /> <br />LOCATION MAP <br />
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