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<br />Kem Reservoir and Ditch Company <br />September 1 1-12, 2002 <br /> <br />Agenda Item 12a, <br />(Updated September 16, 2002) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Kern Reservoir and Ditch Company County: Weld <br /> <br />Project Name: <br /> <br />Kern Reservoir <br /> <br />Project Type: Rehabilitation <br /> <br />Drainage Basin: <br /> <br />South Platte River <br /> <br />Water Source: Cache La Poudre River <br /> <br />Total Project Cost: $5,100,000 <br /> <br />Funding Sources: CWCB <br /> <br />Type of Borrower: Municipal/Commercial <br /> <br />Median Household Income: High <br /> <br />CWCB Small Project Loan: $1,0000,000 Blended Interest Rate: 5.1% Term: 30 years <br /> <br />CWCB Grant: $5,000 Reservoir Volume: 2,600 acre-feet <br /> <br />The Kern Reservoir and Ditch Company operates the Kern Reservoir for storage of irrigation <br />water, as an equalizer reservoir for the Greeley Number 2 Ditch, and for recreation. The reservoir <br />is located in the Town of Windsor, about 45 miles north of Denver, and receives water from the <br />Cache La Poudre River. The reservoir has been in use for approximately 100 years, during which <br />time it has become silted in to a capacity of 1,100 acre-feet. The Company wants to dredge out <br />the reservoir to restore the original capacity of 1,800 acre-feet and to provide additional storage <br />for the 100-year flood. Work would start in winter 2002, and take 3 years to complete. The Kern <br />Reservoir and Ditch Company is a mutual ditch and reservoir compan and a non. rofit <br />. . , a e 0 0 ora o. ocky Mountain Consultants, Inc., has <br />completed the feasibility study. Proposed funding for the project consists of a CWCB Small <br />Project Loan for $1,000,000. The Company plans to apply for a standard CWCB loan to help <br />finance the remainder-of the project. <br /> <br /> <br />'-.' J.lL J <br />Project Location <br /> <br />, <br />. <br /> <br />" . <br /> <br />Location Map <br />5 <br />