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<br />G.M.S. Land and Cattle Company <br />January 22-23. 2003 <br /> <br />Agenda Item 1 9g <br /> <br />I. <br />. <br /> <br />Water Project Construction Loan Program-Projsct Data <br /> <br />Borrower: G.M.S. Land and Cattle Co., LLC <br /> <br />County: Wsld <br /> <br />Project Name: Giffin #1 and #2 Reservoirs <br /> <br />Project Type: Rehabilitation <br /> <br />Drainage Basin: <br /> <br />South Platte River <br /> <br />Water Source: Lone Tree Creek <br /> <br />Total Project Cost: $222,896 <br /> <br />Funding Sources: cwes and Borrower <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $200,000 <br /> <br />Interest Rate: 2.75% Term: 30 years <br /> <br />CWCB Grant: <br /> <br />$2,500 <br /> <br />Total Reservoir Volume: <br />Refill Volume: <br /> <br />139.5 acrs-feel <br />139.5 acrs-feel <br /> <br />G.M.S. Land and Cattle owns the Giffin #1 and #2 reservoirs, which are used for storage of <br />irrigation water. These reservoirs are located in Weld County, 18 miles northeast of Fort Collins <br />and are filled by Lone Tree Creek. These reservoirs have a storage capacity of 139.5 acre-feet. <br />but have become sitted in. G.M.S. Land and Cattle wants to excavate a total of 105.000 cubic <br />yards of sediment and rehabilitate the upstream slope of each dam, to provide water for its . <br />farming/ranching operation during drought periods. The project will be completed in winter 2003. <br />Duane Smith, P.E. of Smith Geotechnical will complete the feasibility study. Proposed funding for <br />the project consists of a $200,000 Small Project Loan and a $2,500 Feasibility Study Grant <br />from the CWCS, and the remainder from the Borrower. <br /> <br /> <br />. <br /> <br />Location Map <br />