BOARD02057

• Board Meeting Date: 1/22/2003
• Description: CF Section - G.M.S. Land and Cattle Company
• Board Meetings - Doc Type: Memo

Q,M,S, Land and Cattle Company
January 22-23, 2003

Agenda Itelll 1 gg :

Water Project Construction Loan Program-Project Data

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Drainage Basin:

South Platte River

: County: Weld
: Project Type: Rehabilitation
, Water Source: Lone Tree Creek

Borrower: G,M.S. Land and Cattle Co., LLC

Project Name: Giffin #1 and #2 Reservoirs

Type of Borrower: Agricultural

. Funding Sources: CWCB and Borrower
: Median Household Income: N/A

Total Project Cost: $222,896

CWCB Grant:

$200,000
$2,500

Interest Rate: 2.75% Term: 30 years

CWCB Loan:

Total Reservoir Volume: 139.5 acre-feet
Refill Volume: 139.5 acre-feet

G,M,S, Land and Cattle owns the Giffin #1 and i #2 reservoirs, which are used for storage of
irrigation water. These reservoirs are located in Weld County, 18 miles northeast of Fort Collins
and are filled by Lone Tree Creek, These reservqirs have a storage capacity of 139,5 acre-feet,
but have become silted in. G.M,S, Land and Cattle wants to excavate a total of 105,000 cubic
yards of sediment and rehabilitate the upstream slope of each dam, to provide water for its ..
farming/ranching operation during drought periods. The project will be completed in winter 2003, .,
Duane Smith, P.E, of Smith Geotechnical will complete the feasibility study, Proposed funding for
the project consists of a $200,000 Small Project Loan and a $2,500 Feasibility Study Grant
from the CWCB, and the remainder from the Borrower,

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Location Map

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