BOARD02097

• Board Meeting Date: 1/27/2004
• Description: CF Section - Design and Construction Status Report
• Board Meetings - Doc Type: Memo

Orphans Wells of WiggIns LLC
November 19-21. 2003

Agenda Item Sf

Water Project Construction Loan Program-Project Data

.

Borrower: Orphans Wells of Wiggins, LLC

County: Morgan

Project Name: Recharge and Augmentation Project

Project Type: Well Augmentation

Drainage Basin: South Platte River

Water Source: South Platte River

Total Project Cost: $1,153,000

Funding Sources: CWCB and Company

Type of Borrower: Agricultural

Median Household Income: N/A

CWCB Loan: $1,037,700

Interest Rate: 2.5% Tenn: 30 years

CWCB Grant: $2,500

Average annual diversions: 6,000 acre-feet

The Orphans Wells of Wiggins LLC is a new company comprised of 31 separate agricultural
operators that own 45 wells which irrigate 4,500 of farmland. Lands owned by Company
shareholders receive irrigation water onty from junior wells, and are not within the service area of
an existing agricultural ditch system. The project involves construction of 1 recharge well, 1
augmentation well, a pipeline, and 23 recharge ponds. The project will generate augmentation
credits to rover depletions for 45 irrigation wells used by stockholders of the Company. The
project will be completed in fall-winter 2003. Brent Nation, P .E., of Nation Engineering Services
has completed the feasibility study. Proposed funding for the project consists of a $1.037,700
Small Project Loan and a $2,500 Feasibility Study Grant from the cwes, and the remainder
from the Company.

.

--.

i
,I
.'
,
,
,
I c,.
. .\0 _
~v .

.,-

\
:~
(I, ,
~,' )

o. _

-

--.

.
,
~
.....

J-
~ .~
.: ..,.'.~
..-'~...
1'1.
.'.' .'

.

t'

...