My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
C150160 Approval Letter
CWCB
>
Loan Projects
>
Backfile
>
1-1000
>
C150160 Approval Letter
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/9/2011 11:09:44 AM
Creation date
3/26/2007 10:14:45 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150160
Contractor Name
Central Colorado Water Conservancy District
Contract Type
Loan
Water District
0
County
Adams
Morgan
Weld
Loan Projects - Doc Type
Approval Letter
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
20
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />Central Colorado WCD <br />November 25-26, 2002 <br /> <br />Agenda Item 20e. <br />(Updated December 4, 2002) <br /> <br />become available in July 2003, and would be used to refinance this debt, acquire added <br />senior water rights, and construct new facilities in 2003, 2004, and 2005. <br /> <br />Financial Analvsis <br />The total estimated cost of the project is $22 million. Staff recommends a loan in <br />amount of $20 million (90 percent of the total cost) for 2002-2003. TheGMS-CCWCD <br />will repay the loan using current revenues, and revenues derived from a property tax <br />increase. The GMS-CCWCD will fund its 10% cost share from existing reserves. Table 4 <br />is a summary of the financial aspects of the project. <br /> <br />mancla ummary <br />Project Cost $22 million <br />CWCS Loan Amount $20 million <br />CWCS Loan Payment (includes 10% reserve.) $1,086,457 <br />Current Tax Revenues $708,119 <br />Tax Revenues required with CWCS loan $1,394,576 <br />Current Augmentation Assessments $123,550 <br />AUQmentation Assessments with loan $123,550 <br />Annual Loan Cost per acre-foot (10,300 acre-feet yield) $105 <br /> <br />Table 4. Groundwater Management Subdistrict of the <br />Central Colorado Water Conservancy District <br />F' . IS <br /> <br />Water is used almost exclusively for augmentation of junior agricultural wells. (Only 6 of <br />the Subdistrict's 966 member wells supply water for municipal purposes.) The CWCS <br />Agricultural loan rate of 2.75% for 30 years would apply to this loan. <br /> <br />Credit worthiness: The GMS-CCWCD has no debt. Table 5 shows the Financial Ratios <br />and indicates, with the exception of the Cost per acre-foot, average to strong ability to <br />repay with the project in place. <br /> <br />Table 5. Financial Ratios <br /> <br />Financial Ratio Without the project With the project <br />Operating Ratio (revenue/expense) 193% 136% <br />weak: less than 100% (strong) (strong) <br />average: 100% - 120% <br />strong: greater than 120% <br />Debit Service Coverage Ratio No debt 150% <br />(revenues-expenses )/debt service (strong) (strong) <br />weak: less than 100% <br />average: 100% - 125% <br />strona: areater than 125% <br />Cash Reserves to Current Expense 139% 43% <br />weak: less than 50% ' (strong) (weak) <br />average: 50% . 100% <br />stronQ: Qreater than 100% <br />Annual Cost per Acre-Foot (22,260 AF Average $36 $85 <br />annual depletions covered) (weak) (weak) <br />weak: greater than $20 <br />average: $10 - $20 <br />strona: less than $10 <br /> <br />5 <br />
The URL can be used to link to this page
Your browser does not support the video tag.