C153827 Feasibility Study - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I I Agenda Item 14a. September 22, 1997 2 DISCUSSION The proposed project involves replacement of the existing diversion (two dams and an aging headgate), with a single new diversion and headgate structure, located just upstream, The new diversion will maintain the current capacity of about 450 CFS, with an ability to supply about 900 acre feet of water per day, during irrigation season, In 1996, 44,000 acre feet was diverted through the structure, of which 21,400 acre feet was placed in storage in the Julesburg Reservoir, according to S,E,O, records, 19,000+ acres are irrigated under the District. 200 shareholders depend on this diversion and headgate for water deliveries, Without the diversion, most will be without irrigation water in 1998, The District is attempting to get emergency grant funding from several sources, Baring this, the District will fund 25 % of the project from its own resources, with the remaining 75 % ($590K maximum) funded by an emergency loan from the CWCB. Water diverted by the District is used for agricultural purposes, The loan should thus be at the "Agricultural" rate of 3,75% for 30 years, as set by the CWCB November 25, 1996, The District needs to complete the rehabilitation project prior to runoff in 1998, to allow irrigation diversions in 1998, Temporary sand dams will not work, This loan may be from the Emergency Infrastructure Repair Account, because the affected structure is a raw water diversion, because the emergency is due to a sudden and unpredicted failure, because the emergency threatens damage to property and crops, and because the project is a sensible solution to the problem, The delay associated with General Assembly approval of this project would result in undue hardship on the borrower, COLLATERAL The CWCB can take a collateral interest in the stream of revenue from shareholder assessments, The District can also provide a certificate of deposit in amount of one annual payment be held by the State Treasurer, and a deed of trust in real estate owned (all or part of the Julesburg Reservoir site,) STAFF RECOMMENDATION The staff recommends: 1, That the CWCB fmds that the Julesburg Irrigation District is eligible to apply for a loan from the Emergency Infrastructure Repair Account because the project is necessary to avoid unreasonable risk of injury or damage to human health or well-being or to property or crops, and because the emergency condition is not the result of negligence in the operation or maintenance of the infrastructure, and