Laserfiche WebLink
<br />1 <br />I <br />, <br /> <br />l...O\I.'8I' Platte and Beaver Canaf Company <br />January 27-28, 2004 <br /> <br />AQenda Item 148. <br /> <br />1 <br />I <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />. <br /> <br />1 <br />I <br /> <br />Borrower: lower Platte and Beaver Canal Co. <br /> <br />County: Morgan <br /> <br />Project Name: Well augmentation project <br /> <br />Project Type: Well Augmentation <br /> <br />Drainage Basin: South Platte <br /> <br />Water Source: South Platte <br /> <br />Total Project Cost: $345.000 <br /> <br />Funding Sources: ewes, Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $310,500 <br /> <br />Interest Rata: 2.5% <br /> <br />Term: 30 years <br /> <br />CWCB Grant: $5,000 <br /> <br />Average annual diversions: 36,980 acre-feet <br /> <br />. <br />, <br /> <br />The Lower Platte and Beaver Canal Company operates the Canal for the benefit of its 90 <br />shareholders by providing direct flow irrigation water to a 15.00Q-acre service area. The diversion <br />and headgate are located on the South Platte River, about 4 miles east of Fort Morgan. There are <br />101 irrigation wells under the Lower Platte and Beaver system. The Company wishes to cover the <br />depletions of these wells by constructing a recharge well, a connecting pipeline, and a number of <br />recharge sites. Average annual canal diversions are 36,980 acre-feet. The Lower Platte and <br />Beaver Canal Company Is a mutual ditch company and a nonprofit corporation registered In the <br />State of Colorado. Brent Nation, P.E. has completed the feasibility study. "Proposed funding for <br />the project consists of a $310.500 Small Project Loan and a $5.000 grant from the eWCB, and <br />the remainder from the Company. . <br /> <br />. <br /> <br />, <br /> <br />I <br /> <br />I <br />V <br /> <br /> <br />Location Map <br /> <br />. <br /> <br />5 <br />