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<br />. <br /> <br />.. <br />. <br /> <br />"'-_../ <br /> <br />. <br /> <br />March 20.21. 2000 Agenda Item 9a. <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: <br /> <br />Otero Ditch Company <br /> <br />Project Name: Otero Canal Diversion <br /> <br />Project Type: Rehabilitation <br /> <br />County: Otero <br /> <br />Drainage Basin: Arkansas <br /> <br />Water Source: Arkansas River <br /> <br />Total Project Cost: $616,408 <br /> <br />Funding Sources: NRCS and CWCS <br /> <br />Type of Borrower: Agricultural <br /> <br />Median Household Income: N/A <br /> <br />CWCB Emergency Loan: $155,000 <br /> <br />Interest Rate: 4% Term: 30 years <br /> <br />CWCB Grant: $0 <br /> <br />Average Annual Volume of Water diverted: 20,687 acre-feet <br /> <br />The Otero diversion is located in Otero County, 2 miles west of Fowler, on the Arkansas River. <br />The Otero Ditch Company operates the diversion to supply water to 66 shareholders for <br />irrigation within the B,OOO-acre service area. The diversion was destroyed by flooding in 1 ggg <br />and the Company plans to rehabilitate it prior to the 2000 irrigation season. The average annual <br />volume diverted is 20,687 acre-feet. The Otero Ditch Company is a mutual ditch company and <br />a nonprofit corporation registered in the State of Colorado. John Andrews, P.E. of the USDA <br />Natural Resources Conservation Service has completed Plans and Specifications for the <br />project. John Van Sciver, P.E., CWCS staff, will complete the feasibility study with help from the <br />Company and NRCS. Proposed funding for the project consists of an Emergency CWCS loan <br />for $155.000 a(ld a $461,408 grant from the USDA NRCS. <br /> <br /> <br />~ <br /> <br />, <br />, <br /> <br />, <br />"+' . <br />"I I .. <br />, I . <br />~ ...J" 'lromlllli" <br />, , <br />, , <br />I , <br />,/ <br /> <br />... <br /> <br />.. <br /> <br />Location Map <br />4 <br />