BOARD02587

• Board Meeting Date: 11/16/2004
• Description: CF Section - New Loans - Beaver Reservoir Company - Beaver Reservoir Liner Protection and Valve Replacement Project
• Board Meetings - Doc Type: Memo

CWCS Construction Loan Program
PROJECT DATA SHEET

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Borrower: Beaver Reservoir Company

County: Gunnison

Project Name: Liner Protection and Valve Replacement Drainage Basin: Gunnison
Project Type: Reserlloir Rehabilitation Water Source: Minnesota Creek

Total Project Cost: 5142.800
Loan Amount: S128.500

Funding Sources: ewes & Company
Current Reservoir Capacity: 1,620 acre.feet

Type of Borrower: Low MunicipaL/Agricultural

Interest Rate: 2.5%

Term: 30 years

The Beaver Reservoir is located in Gunnison County at an elevation of 8.100 feet. The dam is 113
feet tall and has a storage capacity of 1.620 acre-feet A zoned earthfill dam impounds the reservoir
across the East Fork of the Minnesota Creek. The reservoir is used to store and regulate the release
of water for irrigation of about 3,400 acres of agricultural land. The Beaver Reservoir Company
(BRC) is comprised of 1,600 shares. The shares are split as follows: Minnesota Canal and Res. Co.
(900 shares), Turner Ditch Co. (400 shares) Lone Cabin Ditch and Res. Co. (300 shares). The
resellfoir was built in 1958 by the BRC. The BRC borrowed 5415.000 in 1995 to install the liner and
remove a restriction placed on the resellfoir by the SED. The Project consists of stabilizing the
reservoir liner. which was installed in 1995 and financed by CWCB. The Project will also include the
replacement of the malfunctioning and unreliable hydraulic valve and gate on the intake end of the
outlet structure.

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