My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
C150235 Approval letter
CWCB
>
Loan Projects
>
DayForward
>
1001-2000
>
C150235 Approval letter
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/27/2014 9:47:21 AM
Creation date
7/6/2007 2:15:31 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150235
Contractor Name
Platte Valley Irrigation Company
Contract Type
Loan
Water District
0
County
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.
/
11
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 />Platte Valley Irrigation Company <br />November 13-15, 2006 <br /> <br />Agenda Item 10e <br /> <br />Recommendation <br /> <br />Staff recommends that the Board approve a loan not to exceed $2,388,650 ($2,365,000 for project <br />costs and $23,650 for the 1 % Loan Service Fee in accordance with CWCB Loan Policy #16), to the <br />Platte Valley Irrigation Company from the Severance Tax Trust Fund Perpetual Base Account, to <br />construct an equalizer reservoir, the Platte Valley Reservoir No.1, and to add additional <br />measurement and control structures on their main ditch, and to cover land expenses already <br />incurred. The recommended terms of the loan are 20 years at 2.25% per annum. Security for the <br />loan will be a pledge of assessment revenues backed by a rate covenant, and the project itself. <br /> <br />Staff further recommends that final approval of the loan be conditioned upon all other standard <br />contracting provisions of the CWCB, as well as the following: <br /> <br />1. Reserve Fund - Prior to execution of the State Contract, the Company shall provide CWCB <br />with evidence that the debt reserve fund with $148,149 has been established. <br /> <br />cc: Kevin Schmidt, President, Platte Valley Irrigation Company <br />Duane Smith, P.E., Smith Geotechnical <br />Amy Stengel, AGO <br /> <br />Attachment <br /> <br />Action Taken bv the CWCS on November 13. 2006 <br />The CWCB approved the Staff Recommendation. <br /> <br />70f7 <br />
The URL can be used to link to this page
Your browser does not support the video tag.