Laserfiche WebLink
ÍÌßÌÛ ÑÚ <br /> <br />Ý ÑÔÑÎßÜÑ <br /> <br />úÎÑÎËÜÙÎæÜÉØËúÎÏÊØËÇÜÉÔÎÏûÎÜËÙ   <br /> <br />ùØÍÜËÉÐØÏÉÎ×ïÜÉÈËÜÑë ØÊÎÈËÚØÊ  <br />ïíïí ͸»®³¿² ͬ®»»¬ô α±³ éîï <br />Ü»²ª»®ô ݱ´±®¿¼± èðîðí <br />и±²»æ øíðí÷ èêê ó íììï <br />ÚßÈæ øíðí÷ èêê ó ììéì <br /> <br /> <br />Þ·´´ 第»® Ö®ò <br /> <br />Ù±ª»®²±® <br />TO: C olorado Water Conservation Board Members <br /> <br />Ø¿®®·­ Üò ͸»®³¿² <br /> <br />ÜÒÎ Û¨»½«¬·ª» Ü·®»½¬±® <br /> <br />FROM: Tim Feehan, P.E., Project Manager <br />Ö»²²·º»® Ôò Ù·³¾»´ <br />Mike Serlet, P.E., Chief <br />ÝÉÝÞ Ü·®»½¬±® <br /> <br />Water Supply Planning and Finance Section <br />Ü¿² ӽ߫´·ºº» <br /> <br />ÝÉÝÞ Ü»°«¬§ Ü·®»½¬±® <br /> <br /> <br />DATE: November 5, 2008 <br /> <br /> <br /> <br /> <br /> <br /> <br />Agenda Item 25b , November 18 - 19 , 200 8 Board Meeting <br />SUBJECT: <br />Water Supply Planni ng and Finance Section Changes to Existing Loans <br /> Bijou Irrigation District Diversion Structure Rehabilitation <br /> <br /> <br />Introduction <br /> <br /> <br />At the September 2007 board meeting, the Colorado Water Conservation Board (CWCB) approved <br />a loan to the Bijou Irrigation D istr ict in the amount of $654,480 from the Severance Tax Trust Fund <br />Perpetua l Base Account. The $654,480 loan was for the r <br />structure at the Empire Intake Canal , located on the South Platte River. <br /> <br />The District i s requestin g an increase of $1,436,220 to the Distr . <br />The requested loan incre ase is due to site conditions encountered during excavation of the diversion <br />structure. The original project was to remove only 100 feet of the existing diversion structure and <br />replace with 100 - feet of Obermeyer Gates (Bladder Gates) . During the removal of this portion of <br />the diversion structure , it was de termined that the remaining 180 feet of structure had been severely <br />undermined with no visible cutoff substructure. Given the high probability of its failure and the <br />damage it would cause to the new structure if left unchecked, the District decided to replace the <br />entire diversion structure . Additionally, in order to make the river diversion work more effectiv ely, <br />the intake structure will need to be reconstructed and realigned to a ccommodate two 25 - foot wide <br />Bladder Gates , which were also not included in the original cost estimate . <br /> <br />Staff Recommendation <br /> <br />Staff recommends that the Board appro ve an increase of $ 1,436,220 ($ 1,422,000 for project <br />costs and $ 14,220 for the 1% loan origination fe e) to the Bijou Irrigation District , from the <br />Severance Tax Tr ust Fu nd Perpetual Base Account, at its current interest rate of 2.25 % for 30 <br />years. The Dis $ 2,090,700 ($ 2,070,000 for project <br />costs and $ 20,700 for the 1% Loan Service Fe e) for the removal and replacement of the entire <br />diversion struc t ure and improvements to the intake structure . Security for the loan s hall be <br />collate ral in compliance with CWCB Loan Policy No. 5 <br />1 <br />