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<br />..flt{i~~ <br />~..........I....~ <br />~ ....... :. <br />~~~.,. , ~'" <br />~.-~L.~~;... ~ ".\.~.~-;,.j <br />_~. .:.;?;~,:\1'.' !." .'-~~. ~~p~ <br />tiir' . ..' , .~, ...~. ..t <br />r~... J. - :.. . -.. ., ..~ :....,.1 _..}~ <br />i., ..'\,..,}... .~^~. ~_~. <br /> <br />r~..:' ',;-,~, "'. <br />[J ...~:0,-..11' 7r "l, , <br />'- ..I L _.~ 'j <br /> <br />1874 <br /> <br />FEa 2 0 2001 <br /> <br />COlorado ~i'aler (; <br />. cnsJf1.'~.iOo1 l::Joard <br /> <br />TOWN OF ERIE <br /> <br />February 16,2001 <br /> <br />Bill Green, P.E., Manager of Planning <br />Colorado Water Const:rvation Board <br />Department of Natural Resources <br />721 .Centennial Building <br />1313 Sherman Street <br />Denver, CO 80302 <br /> <br />Dear Bill, <br /> <br />As promised, I have included several documents for you and your statf to review prior to <br />the Board Meeting in March. <br /> <br />I. Water Fund Financial Information (Attachment I) <br /> <br />The four pages include all of the revenues and expenditures for the Water Fund fOi" <br />1999 (audited), 2000 projected and unaudited actual and 2001 budget. I would <br />appreciate it if you would run the parity test to (.;onfirm our ability to meet yoar <br />requirements. This may eliminatt: the need for the balance of this process. <br /> <br />2. Specific Calculations for the Defeasance (Attachment 2A & 2B) <br /> <br />There are two separate calculations provided. The first, Attachment 2A would <br />provide for a 20-year payout. The second, Attachment 2B is for 30 years. In <br />summary, the 20-year cost to the Town is $928,358 plus the expense of establishing <br />the trust fund. The 30-year cost is $886,216 plus the same expenses. The proposed <br />investments are State and Local Government Series Securities (SLGS) and represent <br />no risk to either the Water Conservation Board or the Town of Erie. If you wOlild like <br />more information on these investments, the website is www.publicdebttreas.gov. I <br />realize this is a great deal of inforn1ation. However, I wanted you to see the entire <br />calculation and how this works. These figures will continue to fluctuate until the day <br />the defeasance occurs. A new schedule would be prepared and verified upon the <br />effective date. <br /> <br />645 Holbrook. P.O. Box 750. Erie, Colorado, 80516 . Phone (303) 926-2700 . Fax (303) 926-2705 <br />