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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />Fax: (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />Bill Ritter, Jr. <br />Governor <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Harris D. Sherman <br />DNR Executive Director <br /> <br />FROM: <br /> <br />Anna Mauss, PE ~r r <br />Mike Serlet, PE, Chief J <br />Water Supply Planning & inance Section <br /> <br />Jennifer L. Gimbel <br />CWCB Director <br /> <br />Dan McAuliffe <br />CWCB Deputy Director <br /> <br />DATE: <br /> <br />May 13,2008 (UPDATED May 22, 2008) <br /> <br />SUBJECT: <br /> <br />Agenda Item 18, May 20-21,2008 Board Meeting <br />Water Supply Planning and Finance Section - New Project Loans <br />Granby Ditch and Reservoir Company - Granby #12 Dam Rehabilitation <br />Project <br /> <br />Introduction <br /> <br />The Granby Ditch and Reservoir Company (Company) is applying for a $252,000 loan to repair the <br />dam at Granby #12 Reservoir. The current loan request is for 90% of the estimated total cost of <br />$280,000. See attached Project Data Sheet for a location map and a project summary. <br /> <br />Staff Recommendation (Board Approved Staff Recommendation on May 21, 2008) <br /> <br />Staff recommends the Board approve a loan not to exceed $254,520 ($252,000 for project costs and <br />$2,520 for the 1 % Loan Service Fee) to the Granby Ditch and Reservoir Company for the Granby <br />#12 Dam Rehabilitation Project from the Severance Tax Trust Fund Perpetual Base Accormt. The <br />terms of the loan shall be a 30-year loan at the blended rate of2.35% per annum. Security for the <br />loan shall be in compliance with CWCB Financial Policy #5. <br /> <br />Additional Contract Conditions: <br /> <br />Staff further recommends that share assessments be increased to cover the CWCB debt service prior <br />to contracting with the CWCB. <br /> <br />Water Supply Protection. Watershed Protection & Flood Mitigation. Stream & Lake Protection. Water Supply Planning & Finance <br />Water Conservation & Drought Planning. Intrastate Water Management & Development <br />