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BOARD02639
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BOARD02639
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Last modified
8/16/2009 3:17:43 PM
Creation date
10/4/2006 7:18:09 AM
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Template:
Board Meetings
Board Meeting Date
1/25/2005
Description
CF Section - Design and Construction Status Report
Board Meetings - Doc Type
Memo
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<br />CWCS Construction Loan Program <br />PROJECT DATA SHEET <br /> <br />~ Borrower: Bull Creek Res. Canal & power Co. <br /> <br />Cou nty: Mesa <br /> <br />Project Name: Res. Rehabilitation/Enlargement <br /> <br />Project Type: Darn/Spillway Modifications <br /> <br />Water Source: Bull Creek <br /> <br />Drainage Basin: Colorado River <br /> <br />Funding Sources: CWCB & Company <br />Adjudicated Delivery: 850 acre-feet <br /> <br />Total Project Cost: $660,000 <br /> <br />Type of Borrower: Agricultural <br /> <br />Interest Rate: 2.5% <br /> <br />Term: 30 years <br /> <br />Loan Amount: $594,000 <br /> <br />The Bull Creek Reservoir, Canal and power Company is located in Mesa, Colorado. and has a service <br />area of approximately 800 acres. The Company operates the Bull Creek Reservoirs that provide <br />irrigation water to shareholders. The Company wants to repair Reservoir Nos. 1 & 2 and repair and <br />enlarge No.4 to remove the current restriction and provide additional storage necessary to store the <br />Company's decreed rights. CurrenUy the Company has a Stipuiation and Agreement with the SED that <br />requires the Company to make modifications necessary to return the reservoir storage to the decreed <br />amounts to avoid losing senior rights. The project is located on the US Forest Service property and will <br />require a Special Use Permit for access roadway work and dam construction, The reservoirs are remote <br />and located at 10,000 feet elevation and will require special mobilization techniques. Winter weather <br />begins in mid October therefore an aggressive construction schedule will be necessary. <br /> <br />. <br /> <br /> <br />:. <br /> <br />LOCATION ~ <br /> <br /> <br />- <br />
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