C153833 Feasibility Study - Laserfiche WebLink

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SUMMARY OF PROPOSED PROJECTS NORTH POUDRE IRRIGATION COMPANY RESERVOIRS NOS. 4, 5 AND 6 AND INDIAN CREEK RESERVOIR Project Sponsor: North Poudre Irrigation Company Type of Project: Agricultural and municipal - dam, spillway and ditch rehabilitation. Location: About 5 to 10 miles north of Fort CoIlins in Larimer County as shown on the attached map. Date of Application: Originally, November 20, 1997 Feasibility Study: Draft received November 2,1998, revised January 19, 1999- prepared by Smith Geotechnical 'e. ,- Project Description: The North Poudre Irrigation Company (NPIC) is proposing four rehabilitation projects involving three of its reservoirs and an outlet ditch from a fourth reservoir. Three of the projects, NPIC Reservoirs Nos. 4 and 5 and Indian Creek Reservoir, involve spillway improvements as well as other construction to meet the requirements of the State Engineer's Office and to generally improve the safety of these structures. The fourth project, NPIC Reservoir No.6 Outlet Ditch, involves installing reinforced concrete pipe in an existing ditch alignment to prevent further erosion and sloughing of ditch embankments and resultant damage to nearby lands. Estimated Proiect Cost: $1,896,960 allocated as follows: Reservoir No.4 $488,462 Reservoir No.5 $200,375 Indian Creek Reservoir $585,340 Reservoir No.6 Outlet Ditch $622,783 Total $1,896,960 Requested Loan: In January 1998, the Board gave conditional approval for a $500,000 Construction Fund loan for a portion of the above at 75 percent of project costs; One of the Gonditions of loan approval was the completion of a feasibility study. The NPIC is now requesting an additional $1,107,000 which represents 90 percent of the additional costs, The Company is requesting a 20-year loan term with a weighted lending rate of 4.04 percent based on the distribution of shares in agricultural and municipal water use.