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BOARD01958
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Last modified
8/16/2009 3:09:15 PM
Creation date
10/4/2006 7:05:22 AM
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Board Meetings
Board Meeting Date
7/20/2004
Description
CF Section - New Loans - Smart Brothers, Inc. - Groundwater Recharge Project
Board Meetings - Doc Type
Memo
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<br />SmanBros Inc <br />July2()..2'l 2004 <br /> <br />Agendallem14a <br /> <br />Water Project Construction Loan Program. Project Data <br /> <br />Borrower: Smart Bros. Inc. (SBI) County: Logan <br /> <br />Project Name: Groundwater Recharge Project Project Type: Well Augmentation <br /> <br />Drainage Basin: South Platte Water Source: Recharge Well <br /> <br />Total Project Cost: 5266,500 Funding Sources: eWC8,S81 <br /> <br />Type of Borrower: Agricultural Aver. Delivery: 1000 - 1500 acre.feet <br /> <br />CWCS Construction Fund Loan: 5239,850 <br /> <br />Interest Rate: 2.5% <br /> <br />Term: 30 years <br /> <br />SBt is a family owned and operated farming and custom cattle feeding operation located <br />approximately 2 miles southwest of Atwood, consisting of approximately 1250 acres of sprinkler and <br />flood irrigated farm ground and a 5000 head feedlot operation, with plans to expand to 8000 head. <br />The 581 farm ground is irrigated with direct flow water, reservoir water and 9 tributary groundwater <br />wells. The feedlot has water provided by 3 commercial wells. The 12 wells are currently <br />augmented under the Logan Well Users (LWU) plan of operation, and produce approximately 1215 <br />acre.feet of depletions per year. 581 has an existing recharge area that is fed through the terminal <br />end of the South Platte Ditch. Icing of the ditch poses a significant problem during the winter, <br />making running recharge water impossible at times. SBI wants to develop a more flexible <br />recharge system that will generate more augmentation water to be used to offset the depletions <br />caused by their 12 wells. They currently generate credits to offset their charges, but are short in <br />dry years, and are vulnerable because of the ditch icing. The proposed project will add a recharge <br />well at the river to pump to the recharge sites at a maximum of 7 cfs, 13,000 feet of 18~ PVC pipe, <br />and 3 new recharge areas. 581 would also tie 4 existing wells into the pipeline for supplying <br />augmentation water directly back to the river. The SBI plan is to generate approximately 1000. <br />1500 acre.feet of depletion credits. <br /> <br />.~ <br />...,....... <br />>. <br /> <br /> <br />If" <br />.......<n...~... <br /> <br />. ,.... r <br />....._~: .....- <br />'""1_ I <br />-., ..~ <br />, . <br />.. ......... ,. <br />.~....... : <br />. <br />. <br />- -.---.-. .----. <br />. <br />. <br /> <br />.1 <br /> <br />.. <br /> <br />c <br /> <br />, <br />..........d <br /> <br />\ <br />'-- <br /> <br />1 <br /> <br />, <br />'. <br /> <br />. <br /> <br />" <br /> <br />IW <br />i . <br /> <br />" <br /> <br />_ '"""'T".._.1-__ <br />: ci-~...... <br /> <br />-- <br />~ <br /> <br />--- <br /> <br />Smart Bros. Farms <br /> <br />-,- <br />=- -- <br />. <br /> <br />" <br /> <br />" <br /> <br />.~' ,.oi- <br />~_../. <br />-- "~".. I <br /> <br />,Il) <br />~ .....RON <br />--N- <br /> <br />0.. <br />- -;--... <br /> <br />, <br /> <br />Location Map <br /> <br />Page6of6 <br />
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