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<br />, <br /> <br />Chilcott Ditch Co. <br />November 22.23, 1999. Agenda Item 14a. <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />t." <br />e <br /> <br />Borrower: Chilcott Ditch Company <br /> <br />Project Name: Chilcott Diversion <br /> <br />Project Type: Rehabilitation <br /> <br />County: EI Paso Drainage Basin: Arkansas <br /> <br />Water Source: Fountain Creek <br /> <br />Total Project Cost: $1,000,000 <br /> <br />Funding Sources: NRCS and CWCS <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Emergency Loan: $250,000 <br /> <br />Interest Rate: 4% Term: 30 years <br /> <br />CWCB Grant: $0 <br /> <br />Average Annual Volume of Water diverted: 7,425 acre-feet <br /> <br />The Chilcott diversion is located in EI Paso County, 1.5 miles north of Fountain, on Fountain Creek. The <br />Chilcott Ditch Company operates the diversion to suppiy water to 16 sharehoiders for irrigation within the <br />2,000-acre service area. The diversion was destroyed by flooding in 1999 and the Company plans to <br />rehabilitate it prior to the 2000 irrigation season. The average annual volume diverted is 7,425 acre-feet. <br />The_Chilcott Ditch Company is a mutual ditch company and a nonprofit corporation registered in the State <br />of Colorado. John Andrews, P.E. of the USDA Natural Resources Conservation Service has completed a <br />Damage Cost Estimate and Preliminary Engineering Report. John Van Sciver, P.E., CWCS staff, is <br />completing the feasibility study. Proposed funding for the project consists of a CWCS loan for $250,000 .. <br />and a $750,000 grant from the USDA NRCS. .. <br /> <br /> <br />I <br />! <br /> <br />\ <br /> <br />e <br /> <br />Location Map <br /> <br />4 <br />