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<br />Glenwood Irrigating Company
<br />July 23.24, 2001
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<br />Agenda Item 9a.
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<br />Water Project Construction Loan Program.Project Data
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<br />Borrower:
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<br />Glenwood Irrigation Co. County: Garfield
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<br />Project Name:
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<br />Glenwood Ditch Diversion Project Type: Rehabilitation
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<br />Drainage Basin:
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<br />Colorado Water Source: Roaring Fork
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<br />Total Project Cost: $124,000
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<br />Funding Sources: CWCS, CRWCD, NRCS
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<br />Type of Borrower: Agricultural/Municipal
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<br />Median Household Income: High
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<br />CWCS Small Project Loan: $85,000
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<br />Interest Rate: 5%
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<br />Term: 30 years
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<br />CWCS Grant: $0
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<br />Year 2000 diversions: 6,600 acre-feet
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<br />The Glenwood Irrigation Company operates the Glenwood Ditch for the benefit of its 69
<br />shareholders by providing direct flow irrigation water to a 750-acre service area. The diversion and
<br />headgate are located on the Roaring Fork River, about 2 miles north of Carbondale. The diversion
<br />is in poor condition and in danger of failure, and needs to be rehabilitated in fall 2001, The year
<br />2000 volume diverted was 6,600 acre-feet. The Glenwood Irrigation Company is a mutual ditch
<br />company and a nonprofit corporation registered in the State of Colorado. The Natural
<br />Resources Conservation Service has completed preliminary plans and specifications for the
<br />project and the feasibility study, Proposed funding for the project consists of a CWCS Small
<br />Project Loan for $85,000, a $15,000 in-kind grant from the NRCS for engineering and feasibility
<br />work, and a $15,000 cash grant from the Colorado River Water Conservation District.
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<br />Location Map
<br />5
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