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. . . COLORADO WATER CONSERVATION BOARD Town of Lochbuie January, 1993 Introduction Lake Henry Dam is located in Weld County near the Town of Lochbuie. The Dam and Reservoir are owned by the Town of Lochbuie. The Reservoir has a capacity of 100 acre feet and is presently restricted to zero storage. The reservoir provides supplemental water to the Farmers Reservoir and Irrigation Company (FRICO) system. the reservoir serves as a secondary storage system for effluent from the Town's wastewater treatment and storm drainage system. Problem The Dam needs a new outlet, new spillway, and the upstream slope needs to be flattened. These items are needed to remove the restrictions placed by the State Engineer's Office. the feasibility and design for the project was completed by PKM Engineering and is the basis for recommendation on this project. Proposed Financing The total anticipated cost of this project is $175,000. The Town of Lochbuie has requested a $100,000, 20 year loan at 1 percent interest from the CWCB and a $53,000 grant from the Department of Local Affairs (DOLA) and $22,000 of the Town's resources would be used (to complete the project). The typical water and sewer tap user in Lochbuie pays $35.94/mo for water and $14.50/mo for sewer charges. The $100,000 loan would add $0.99/mo to each users bill and require an annual payment from the town of $5,541.53 for 20 years for a total repayment of $110,830.60. Recommendation It is recommended that this project be authorized by the General Assembly in the amount of $100,000 subject to the proposed terms of financing set forth above and subject to the Town demonstrating to the Board's satisfaction that it can meet its repayment obligation. DCL/GKE/bj bj81O.6a2