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<br />Sprtngdale D1tdl Company <br />May 19-20. 2003 <br /> <br />Agenda Item 1St! <br />(Upoated May 27, 2003) <br /> <br />Water Project ConstruclJon Loan Program-Project Data <br /> <br />. <br /> <br />Borrower: Springdale Ditch Company <br /> <br />County Logan <br /> <br />Project Name: Spring dale Recharge Project <br /> <br />Project Type: Well Augmenlation <br /> <br />Drainage Basin: South Platte River <br /> <br />Water Source: South Platte River <br /> <br />Total Project Cost: 5135,000 <br /> <br />Funding Sources: eWCB and Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $121,500 <br /> <br />Interest Rate: 2.75% Term: 30 years <br /> <br />cweB Grant: 52,000 <br /> <br />Average annual diversions: 10,647 acre-feet <br /> <br />The Springdale Ditch Company operates the Springdale Ditch for delivery of irrigation water <br />within a 44g0-acre service area. The headgate for the ditch is located in Logan County, 6 miles <br />southwest of Sterling. The project involves construction of augmentation ponds. and drilling one <br />augmentation well and 2 recharge wells to generate augmentation credits to cover depletions for <br />43 irrigation wells used by stockholders of the Company. The project will be completed in spring <br />2003. Brent Nation, P.E.. of Nation Engineering Services has completed the feasibility study. <br />':>" Proposed funding for the project consists of a $121.500 Small Project Loan and a $2,000 . <br />Feasibility Study Grant from the CWCS. and the remainder from the Company. <br /> <br /> <br />, <br />, <br /> <br />'... .-.: .......,....:.. <br />:':: '-' ".:" ".~ '.'" ":..:.>' ~ .. <br />';-~'-:>'~e"-':::.":;",:.. <br />-'. "", -,' . <br />-.:~.,,--....~ '.:' ~..,_. - '.:~. - . <br />""""'...,........---.... <br />'-~. .~.. ;':;.r;' ~,,:,,-- '.. <br />~. .r;'r. -.' 't - . <br />j~: - '.'~" .:----- '-. <br /> <br />. <br /> <br />Location Map <br />