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<br /> <br />~ ' <br /> <br />Town of Kremmling <br />November 25-26, 2002 <br /> <br />Agenda Item 20d. <br />(Updated December 4, 2002) <br /> <br />Water Project Construction Loan Program-Project Data <br /> <br />Borrower: Town of Kremmling <br /> <br />Project Name: Raw water pumping project <br /> <br />Project Type: New water supply <br /> <br />County: Grand <br /> <br />Drainage Basin: Colorado <br /> <br />Water Source: Colorado <br /> <br />Total Project Cost: $1.616 million <br /> <br />Funding Sources: Borrower, DO LA, Grand River Ranch, and CWCB <br /> <br />Type of Borrower: Municipal <br /> <br />Median Household Income: Medium <br /> <br />CWCB Loan: $1.0 million <br /> <br />Interest Rate: 4.25% Term: 30 years <br /> <br />Annual Volume of Water delivered: 400 acre-feet <br /> <br />. The Town of Kremmling is located in Grand County and provides water service to its <br />residents. The Town's existing water system cannot meet demand, and a supplemental <br />water supply is needed. The Town of Kremmling is a Colorado municipality with th49 <br />power to acquire water rights, construct and operate facilities, levy taxes, and iSSUl9 debt <br />subject to the provisions of TABOR. The Town has completed the feasibility study. <br />ProjeCt funding consists of a $1 million loan from the CWCB, a $300,000 grant from <br />DO LA, a $300,000 grant from the Grand River Ranch, and the remainder for and the <br />_Town. <br /> <br /> <br />Location Map <br />5 <br />