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<br />FL Gin H20 LLC Agenda Item 25d <br />Marct\ 16-17, 2004 (Updated March 18, 2004) <br /> <br />. Water Project Construction Loan Program-Project Data <br />, <br /> <br />Borrower: FL Gill H20 LLC <br /> <br />County: Washington <br /> <br />Project Name: Recharge and Augmentation Project <br /> <br />Project Type: Well Augmentation <br /> <br />Drainage Basin: South Platte River <br /> <br />Water Source: South Platte River <br /> <br />Total Project Cost: $127,500 <br /> <br />Funding Sources: CWCB and Company <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Loan: $114,750 <br /> <br />Interest Rate: 2.25% Term: 20 years <br /> <br />CWCB Grant: $300 <br /> <br />Average annual well diversions: 1,072 acre-feet <br /> <br />The FL Gill H20 LLC, located in Washington County, consists of the ov.mers or 3 contiguous <br />faons under the Johnson and Edwards Ditch, with a combined irrigated acreage of 91 0 acres. The <br />project involves construction of 4 recharge ponds, drilling one recharge well, constructing a <br />pipeline between the well and a private lateral, and purdlasing a share of reservoir water. The <br />project INIlJ generate augmentation credits to cover depletions for 4 Irrigation \Neils used by the <br />members of the Company. The project will be completed by spring 2005. Brent Nation. P.E.. of <br />.ation Engineering Services has completed the feasIbility study. Proposed funding for the project <br />'.! consists of a $114.750 Small Project Loan and a $300 Feasibility Study Grant from the CWCB, <br />and the remainder from the Company. <br /> <br />, <br />~ <br />. <br />. <br /> <br /> <br />~ <br /> <br />'. <br /> <br />Location Map <br /> <br />5 <br />