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<br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br /> <br />721 Centennial Building <br />1313 Sherman Street <br />Denver, Colorado B0203 <br />Phone: (03) 866-3441 <br />FAX: 003} 866-4474 <br /> <br />STATE OF COLOMDO <br /> <br />* <br /> <br />Ro\' Romp, <br /> <br />l-:0\L'llll,)1 <br /> <br />September 16, 1996 <br />G/ <br /> <br />1"l11es S. Lochhead <br />Executive Dlreclor. DNR <br /> <br />D,lrjp; C L ile. rEo <br />D:,pClor, C\ VCR <br /> <br />Mr. Ed Hill <br />T own Manager <br />Town of Johnstown <br />P.O. Box 306 <br />Johnstown Colorado 80534 <br /> <br />Re: PRC Submittal of August 28 <br /> <br />Dear Ed: <br /> <br />We have reviewed the Town of Johnstown Compendium of Feasibility Study and <br />Feasibility Study Information of August 28 1996 by PRC Environmental Management <br />Inc. In general, the compendium serves the purpose of providing additional information <br />and a cross reference to previous reports for a final determination of feasibility for the <br />Town's raw water pipeline and pump station project. We have, however, a number of <br />questions and concerns with regard to some of the information in the compendium as <br />summarized in the following paragraphs: <br /> <br />1. In the table on page 7, do the numbers in the table represent Johnstown's portion of <br />the yield on the listed water rights? <br /> <br />2. The specific project or projects which the Town is intending to undertake should be <br />clearly defined in the compendium along with the expected costs and an implementation <br />schedule. Tables 1 through 4 in the revenue and expenditure projections each give a <br />"Total Project Cost" of $4,327,000 which appears to be the total authorized funding from <br />the CWCB Construction Fund and the Water & Power Authority rather than the cost of a <br />specific project or projects. <br /> <br />3. The sources of funding also need to be clearly specified in a discussion of a financing <br />program showing the amounts the Town is intending to borrow and each source of <br />funding such as the CWCB, Water & Power Authority, etc, The financing program <br />should also address whether the water enterprise reserve fund will be used to offset any of <br />the anticipated capital costs. In addition, some description of the existing indebtedness <br />should be provided beyond the single column in Tables 1 through 4. <br />