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<br />;,l <br /> <br />W": <br /> <br />STATE OF COLORADO <br /> <br />72' Slate Centenn",1 SUlldong <br />1313 Sherman SHeet <br />Denver, Colorado 80203 <br />PhOne (303) 866-344 1 <br />FAX (303) 66&--4-47. <br /> <br />MEMORANDUM <br /> <br />. <br /> <br />COLORADO WATER CONSERVATION BOARD <br /> <br />Department of Natural Resources <br /> <br />(UPDATED 11/12/93) <br /> <br />Roy Romer <br />Governor <br /> <br />oariese, Lite, P E <br />oireClor, ewcs <br /> <br />TO: Members, CWCB <br /> <br />FROM: John Van Sciver <br /> <br />DATE: October 29, 1993 <br /> <br />SUBJECT: Agenda Item 9f, November 9-10, 1993, Board Meeting-- <br />City of Salida <br />Approval of a Construction Fund Loan in amount of $553,000 to rehabilitatE~ <br />a raw water pipeline and collection system. <br /> <br />BACKGROUND <br /> <br />The City of Salida, has submitted an application for a loan to rehabilitate a raw water <br />pipeline and collection system which delivers hot spring water to their municipal swimming <br />pool. The existing pipe system is seriously blocked by mineral deposits, and has leakage <br />problems. <br />The City is requesting approval of a loan in maximum amount of $553,000 (4% for <br />30 years) which is 75% of the total estimated project cost of $737,500. This loan will be <br />necessary if the November 1993 bond issue to finance the project is unsuccessful. <br />Preliminary feasibility and design work has been completed by Mc Laughlin Water <br />Engineers. <br /> <br />DISCUSSION <br /> <br />This project will promote conservation of existing water rights. <br /> <br />The City would like to have approval of the eWCB loan as an alternative for <br />financing the project, or a portion of the project, if the bond issue is unsuccessful. <br /> <br />The application and financial reports have been supplied to the Colorado Water <br />Resources and Power Development Authority with a request that the Authority review its <br />ability to provide project financing under it's statutory authorizations. <br />