BOARD02555

• Board Meeting Date: 7/20/2004
• Description: CF Section - New Loans - Town of Hillrose - Water Rights Purchase for Well Augmentation
• Board Meetings - Doc Type: Memo

Town 01 H,lIrose
July 20.21, 2004

Agenda Item \40

Water Project Construction Loan Program ~ Project Data

Borrower: Town of Hillrose

County: Morgan

Project Name: Well Augmentation

Project Type: Water Rights Purchase

Drainage Basin: South Platte

Water Source: Jackson Reservoir Co. &
Riverside Reservoir Co.
Funding Sources: CWCS, Town of Hillrose

Total Project Cost: $76.250

Type of Borrower: Municipal. Low

Aver. Delivery: 18 acre-feet (consumptIve)

cweB Construction Fund loan: 568,625

Interest Rate: 3.5%

Term: 30 years

The Town of Hillrose is located approximately 15 miles east of Fort Morgan, along SH 6. The
current population is 270 residents and the Town currently serves water 112 laps, with the potential
to serve 33 additional taps, If existing annexed lots are developed_ Typical water usage averages
55 AF per year, In 2003, With restricted outside watering, the usage was 26 AF. The Town
currently has one tributary groundwater well (Permit # 018543-F) to supply all of the water required
for the town. The well is currently augmented under the Lower Platte and Beaver Canal Company
(LP&B) plan of operations. The well is considered a junior well, and the depletions from pumping of
the well must be replaced during times when there is a "call" on the river by a senior downstream
water right. The Town needs to develop its own source of augmentation In order to protect the well
from curtailment under the lP& B plan, and they will continue to be covered under the LP& S plan.
The Town is proposing to purchase 2 shares of Jackson Reservoir and;;' share of Riverside
Reservoir for use as well augmentation water, that will provide the Town approximately 18 AF of
consumptive use yield. The Town also owns 1 ~ shares of LP & B that provides about 4 AF of
consumptive use. These two sources will very nearly cover the Town's dry-year (restricted outside
watering) augmentation need scenario,

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