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<br />. <br /> <br />. <br /> <br />. <br /> <br />Springdale Ditch Company <br />May 19-20, 2003 <br /> <br />Agenda Item 18b <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Springdale Ditch Company <br /> <br />County: Logan <br /> <br />Project Name: Springdale Recharge Project <br /> <br />Project Type: Well Augmentation <br />Water Source: South Platte River <br /> <br />Drainage Basin: South Platte River <br /> <br />Total Project Cost: $135,000 <br /> <br />Funding Sources: CWCB and Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $121,500 <br />CWCB Grant: $2,000 <br /> <br />Interest Rate: 2.75% Term: 30 years <br /> <br />Average annual diversions: 10,647 acre-feet <br /> <br />The Spring dale Ditch Company operates the Springdale Ditch for delivery of irrigation water <br />within a 4490-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 CWCB, and the remainder from the Company. <br /> <br /> <br />Location Map <br />5 <br />