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<br />. - - '" <br /> <br />. <br /> <br />. <br />STATE OF COLORADO <br /> <br />721 Slate Centennial Buddmg <br />1313 Sherman Street <br />Denver. Cok>rado 80203 <br />Phone ~30J) 666-3441 <br />FAX (303) 866-4474 <br /> <br />MEMORANDUM <br /> <br />o <br /> <br />COLORADO WATER CONSERVATION BOARD <br /> <br />Department of Natural Resources <br /> <br />(UPDATED 11/15/93) <br /> <br />Roy Romer <br />Governor <br /> <br />TO: <br /> <br />Members, CWCB <br /> <br />Daries C.llle. P.E. <br />DireClor. ewes <br /> <br />FROM: John Van Sciver <br /> <br />DATE: October 27, 1993 <br /> <br />SUBJECf: Agenda Item 9c, November 9-10,1993, Board Meeting-- <br />Elmwood Lateral Ditch Co. <br />Approval of a Construction Fund Loan in amount of $80,000 as the <br />company's cost share in salinity project. <br /> <br />BACKGROUND <br /> <br />The Elmwood Lateral Ditch Company (Grand Valley Irrigation Co.), located near <br />Grand Junction, has submitted an application for partial funding of a project to place their <br />ditch in a pipeline as part of the salinity program. They are requesting a loan in the amount <br />of $80,000 (approximately 30% of the $262,788 total cost). ASCS will fund 70% of the <br />project. The SCS has prepared the formal plans and cost estimate, which have been <br />reviewed by staff and found to be satisfactory. <br /> <br />DISCUSSION <br /> <br />This project will promote conservation of existing water rights, while achieving the <br />goals of the salinity program, Since the project is funded 70% by a grant from the ASCS, <br />the' company has the financial capability to repay the loan to the CWCB. <br />