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<br />East Fort MutlJal DIIdl COmpany <br />January 27. 2004 <br /> <br />Agenda 118m 14b. <br /> <br />. <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: East Fori< Mutual Irrigation Company County: Grand <br /> <br />Project Name: Pipe and Slope Stabilization Project Type: System Rehabilitation <br />Drainage Basin: Colorado Water Source: E. Fork Troublesome Cri<. <br />Total Project Cost: $343,049 Funding Sources: Company and CWCS <br /> <br />Type of Borrower: Agricultural Interest Rate: 2.5% <br /> <br />CWCS Loan: $259,860 (Includes Org. Fee) Term: 30 years <br /> <br />CWCB Grant: $5,000 <br /> <br />Average Annual Volume of Water diverted: 8,000 AF <br /> <br /> <br />The EFMIC, located In Grand County, owns and operates the East Fori< Ditch to deliver direct flow <br />Irrigation water for the benefrt of the 7 shareholders. Water Is diverted from the East Fori< of <br />Troublesome Creek, located about 10 miles northeast from the Town of Kremmllng, through a 13- <br />mile ditch system to the 4,OOO-acre servlce area. The East Fork Mutual Irrigation Company <br />(EFMIC) is applying for a loan in the amount of $257.287 to make repairs to their existing dftch <br />system. The esllmated total cost of the proJect Is $343,049, which includes pipe Installation. pipe <br />oint rehabilitation, slope stabilization. and concrete headwalls. <br /> <br /> <br />~"2:~l c' pro;ect Loca~on" <br />, '." '" <br /> <br />.y'); '-: <br /> <br />Location Map <br /> <br />5 <br />