Laserfiche WebLink
<br />,"".f' <br /> <br />. . <br />'1' <br /> <br />Colorado Water Conservation Board <br />Department of Natural ResourCes <br /> <br />721 State C~ntennial Building <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />Phone (303) 866-3441 <br />FAJ{ (303)866-4474 <br /> <br />STATE OF COLORADO <br /> <br />. <br /> <br />Roy Romer <br />Govemor <br /> <br />MEMORANDUM <br /> <br />James S. In-bhead <br />Executive Dim:ror. DNR. <br /> <br />Danes Co l.iIe. P.E. <br />DiIector. CWCB <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br />Bill Green '$ G" <br /> <br />FROM: <br /> <br />DATE: <br /> <br />January 11, 1996 <br /> <br />SUBJECT: <br /> <br />Agenda Item 10. b., January 24-25, 1996 Board Meeting, Water Project <br />Construction Loan Program, Requests for Approval on Loans for New. <br />Projects, Town of Minturn - Bolts Lake Water Supply and Recreation Project <br /> <br />BACKGROUND <br /> <br />As presented at the November 7, 1995 Board meeting, the Town of Minturn is intending to purchase <br />and rehabilitate the existing Bolts Lake and Bolts Ditch located about one mile south of Minturn in <br />Eagle County as a water supply and recreational facility. (please see the attached project summary <br />and map). <br /> <br />The Town has submitted a draft feasibility study prepared by the town manager and a water rights and <br />hydrology report prepared by McLaughlin Water Engineers. Ltd., of Denver. <br /> <br />DESCRIPTION OF THE PROJECT SPONSOR <br /> <br />Some selected characteristics of the Town of Minturn are given in Table 1. The Town is anticipating <br />a significant amount of development and increasing water demands in the near future due to its <br />proximity to the Vail and Beaver Creek resort areas. The municipal water system provides service to <br />about 650 taps within the Town boundaries and one tap outside. <br /> <br />TABLE 1. TOWN OF MINTURN <br />SELECTED CHARACTERISTICS (1) <br />Estimated 1995 Population 1,133 <br />Number of Water Taps 650 <br />1994 Water Demand in Acre:.:Feet 620 <br />1995 Median Household Income $28,499 <br />Monthly Residential Water Rate $31 <br />Water Rate as Percent of Med. Hshld. Inc. 1.31% <br />Total Debt as of 12/31/95 $595,790 <br />Debt per Capita $526 <br />Debt per Tap $917 <br /> <br />(1) Based on information provided by the Town of Minturn. <br />