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<br />Town of HllIrose <br />July 20-21, 2004 <br /> <br />Agenda Item 14b <br /> <br />~. <br /> <br />Water Project Construction Loan Program. Project Data <br /> <br />Borrower: Town of Hillrose <br /> <br />County: Morgan <br />Project Type: Water Rights Purchase <br /> <br />proJeet Name: Well Augmentation <br />Drainage Basin: South Platte <br />Total Project Cost: $76,250 <br /> <br />Water Source: Jackson Reservoir Co. & <br />Riverside Reservoir Co. <br />Funding Sources: CWeB, Town of Hillrose <br /> <br />Type of Borrower: Municipal- Low <br /> <br />Aver. Delivery: 18 acre-feet (consumptive) <br /> <br />CWCB Conslnletlon Fund Loan: $68,625 <br /> <br />Interest Rate: 3.5% <br /> <br />Term: 30 years <br /> <br />The Town of Hillrose is located approximately 15 miles east of Fort Morgan, along SH 6. The <br />current population is 270 residents and the Town currently serves water 112 taps, with the potential <br />to serve 33 additional taps, if existing annexed lots are developed. Typical water usage averages <br />55 AF per year. In 2003, with restricted outside watering, the usage was 26 AF. The Town <br />currently has one tributary groundwater well (Permit # 018543-F) to supply all of the water required <br />for the town. The well is currently augmented underthe Lower Platte and Beaver Canal Company <br />(LP&B) plan of operations. The well Is considered a junior well, and the depletions from pumping of <br />the well must be replaced during times when there is a -call- on the river by a senior downstream <br />water right. The Town needs to develop its own source of augmentation In order to protect the well <br />). from curtailment under the LP& B plan, and they will continue to be covered under the LP& B plan. <br />The Town is proposing to purchase 2 shares of Jackson Reservoir and Yo; share of Riverside <br />Reservoir for use as well augmentation water. that will provide the Town approximately 18 AF of <br />consumptive use yield. The Town also owns 1 ~ shares of LP & B that provides about 4 AF of <br />consumptive use. These !'No sources will very nearly cover the Town's dry-year (restricted outside <br />watering) augmentation need scenario. J.' <br /> <br /> <br /> <br />:J <br /> <br />Town of Hillrose <br /> <br />. <br /> <br />"'. " <br /> <br />, <br />I <br /> <br />.. <br />.. <br /> <br />Location Map <br /> <br />Page 5 of 5 <br />