Laserfiche WebLink
<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 />FROM: <br /> <br />Anna Mauss, PE ~~ <br />Mike Serlet, PE, Chief~ <br />Water Supply Planning inance Section <br /> <br />Harris D. Sherman <br />DNR Executive Director <br /> <br />Jennifer 1. Gimbel <br />CWCB Director <br /> <br />Dan McAuliffe <br />CWCB Deputy Director <br /> <br />DATE: <br /> <br />July 15, 2008 (UPDATED July 28, 2008) <br /> <br />SUBJECT: <br /> <br />Agenda Item 16a, July 22-23, 2008 Board Meeting <br />Water Supply Planning and Finance Section - New Project Loans <br />Louden Irrigating Canal and Reservoir Company - Rist Benson Reservoir Dam <br />Repair Project <br /> <br />Introduction <br /> <br />The Louden Irrigating Canal and Reservoir Company (Borrower) has requested a loan to complete the <br />Rist Benson Reservoir Dam Repair Project (project). The Project involves repairing a section of the <br />dam that has seepage problems. Once completed, the repair will allow for full storage in the Rist <br />Benson Reservoir (Reservoir). See attached Project Data Sheet for a location map and a project <br />summary. <br /> <br />Staff Recommendation (Board Approved Staff Recommendation on July 23, 2008) <br /> <br />Staff recommends the Board approve a loan not to exceed $263,610 ($261,000 for project costs and <br />$2,610 for the 1 % Loan Service Fee) to the Louden rrrigating Canal and Reservoir Company for the <br />Rist Benson Reservoir Dam Repair Project from the Severance Tax Trust Fund Perpetual Base <br />Account. The terms ofthe loan shall be a 30-year loan at 3.5% per annum. Security for the loan <br />shall be in compliance with CWCB Financial Policy #5. <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 />