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<br /> <br />WATER PROJECT LOAN PROGRAM <br /> <br />Colorado Water Conservation Board <br /> <br />Mission <br />To promote the protection, conservation, and <br />development of Colorado's water resources for <br />present and future generations. <br /> <br />Purpose of Program <br />The CWCB Water Project Loan Program <br />provides loans for Raw Water Supply Projects. <br /> <br />Eligible Projects <br />~ RESERVOIRSIDAMS <br />New raw water storage or enlargement of <br />existing reservoirs, and dam repairs to <br />recover restricted capacity. <br />~ WATER SUPPLY SYSTEMS <br />Rehabilitate or construct agricultural or <br />municipal raw water supply systems such as <br />(diversion structures, ditches, headgates, <br />pipelines, wells, etc.) <br />~ WATER RIGHTS ACQUISITION <br />Purchase must satisfy existing need or <br />shortage. <br /> <br />Project Financing <br />Terms and conditions of the Water Project Loan <br />Program low-interest loans: <br /> <br />Loans are available for up to 90 Percent of the <br />total engineering and construction costs of the <br />project. <br /> <br />Loan term: up to 30 years <br /> <br />2007 Interest Rates* for a 30-year loan term: <br /> <br />Agricultural <br /> <br />2.25% <br />Low Medium High <br />3.00% 3.50% 4.00% <br /> <br />Municipal <br /> <br />Commercial <br /> <br />4.75 % <br /> <br />* Rates reduce by 0.25% for 20-year loans, and <br />by 0.50% for 10-year loans. <br /> <br />1.0% loan service fee will be applied <br /> <br />Loan Application Procedure <br />The applicant must submit a Loan Application <br />and Loan Feasibility Study. The Study shall <br />include technical, financial, and institutional <br />feasibility ofthe project (examples available). <br /> <br />The CWCB staff will meet with the applicant to <br />discuss the loan application, any planning or <br />engineering work that has already been <br />completed or is underway, and the loan <br />application process. <br /> <br />Application/Study deadline: <br /> <br />Loans under $10 million are accepted at any <br />time. Allow two months after Board approves <br />loan for the execution of a loan contract and <br />funds to be available. <br /> <br />Loans greater than $10 million are accepted <br />once a year. Apply by August 31 in order to <br />receive funds by the following July. <br /> <br />FOR MORE INFORMATION CONTACT <br /> <br />Kirk Russell, P.E., Marketing <br />(303) 866-3449 or kirk.russell(a)state.co.us <br />or <br />Bruce Johnson, P.E., Loan Feasibility <br />(303) 866-3428 or bruce.iohnson(a)state.co.us <br /> <br />Colorado Water Conservation Board <br />1580 Logan S1., Suite 750 <br />Denver, CO 80203 <br /> <br />Notes <br /> <br />JULY 2007 Loan Information Sheet <br />