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<br />G\enwood Irrigating COmpany <br />July 23-24. 2001 <br /> <br />Agenda Item 9a. <br />(Updated July 26,2001) <br /> <br />Water Project Construction Loan Program.Project Data <br /> <br />Borrower: <br /> <br />Glenwood Irrigation Co. County: Garfield <br /> <br />Proj9ct Name: <br /> <br />Glenwood Ditch Diversion Project Type: Rehabilitation <br /> <br />Drainage Basin: <br /> <br />Colorado Water Source: Roaring Fork <br /> <br />Total Project Cost: $124,000 <br /> <br />Funding Sources: CWCB, CRWCD, NRCS <br /> <br />Type of Borrower: Agricultural/Municipal <br /> <br />Median Household Income: High <br /> <br />cwes Small Project Loan: $85,000 <br /> <br />Interest Rate: 5% <br /> <br />Term: 30 years <br /> <br />CWCB Grant: $0 <br /> <br />Year 2000 diversions: 6,600 acre.feet <br /> <br />The Glenwood Irrigation Company operates the Glenwood Ditch for the benefit of its 69 <br />shareholders by providing direct flow irrigation water to a 750-acre service area. The diversion and <br />headgate are located on the Roaring Fork River, about 2 miles north of Carbondale. The diversion <br />is in poor condition and in danger of failure, and needs to be rehabilitated in fall 2001. The year <br />2000 volume diverted was 6,600 acre-feet. The Glenwood Irrigatlon Company is a mutual ditch <br />company and a nonprofit corporation registered in the State of Colorado. The Natural <br />Resources Conservation Service has completed preliminary plans and specifications for the <br />project and the feasibility study. Proposed funding for the project consists of a CWCB Small <br />Project Loan for $85,000, a $15,000 in-kind grant from the NRCS for engineering and feasibiiity <br />work, and a $15,000 cash grant from the Colorado River Water Conservation District. <br /> <br />Location Map <br />5 <br />