C150036 Approval Letter - Laserfiche WebLink

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The Sear-Brown feasibility study includes a 32~year cash flow projection for all revenues and costs of the storm water enterprise fund through the period of CWCB debt retirement. The projection indicates that the monthly storm water service charge will have to be increased from the present level of $4.00 per month in order to provide positive cash flows over the next several years. n "J-... Sources of Fundin~ The District is intending to finance $1,715,500 of project costs with two CWCB loans of $730,000 and $770,000 this year and in 2001, respectively, and with $21.5,500 in Energy Impact Assistance funds from the Department of Local Affairs (DOLA). The District has held discussions with DOLA but no funding commitment has been made. Potential funding sources are summarized in Table 4. Table 4. Potential Sources of Funds, Regional Detention Pond Source Amount $730,000 770,000 $215,500 $350,000 $2,065,500 r.' t,: CWCB loan, 2000 CWCB loan, 2001 Dept. of Local Affairs Land contribution, Town of Frederick (1) Total (1) See the attached resolution from the Town of Frederick The District may also. be eligible for funding through the Small Water Resource Projects program of the Colorado Water Resources and Power Development Authority. Please see the attached letter from Mike Brod of the Authority. Economic Analvsis The Sear-Brown feasibility study includes a detailed benefit/cost analysis, which indicates a benefit/cost ratio of2.8 for the project. Benefits are estimated as the total damages avoided during the life of the project. Discussion Based on our review of the feasibility study and discussions with the District~ staff believes that the proposed storm water detention facility is economically and technically feasible. Financial feasibility will depend upon the District's ability to obtain all financing needed for the project and upon an increase in the monthly storm water service charge. 4