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C150302 approval ltr
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C150302 approval ltr
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Last modified
8/10/2011 10:08:52 AM
Creation date
12/30/2009 11:09:39 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C150302
Contractor Name
WRCC, Inc.
Contract Type
Loan
County
Larimer
Weld
Loan Projects - Doc Type
Approval Letter
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Water Project Loan Program - Project Data <br />Borrower: WRCC, Inc. <br />Project Name: Cobb Lake Inlet Structure <br />Drainage Basin: South Platte <br />Total Project Cost: $1,433,000 <br />Type of Borrower: Blended <br />(Ag & Middle Income Municipal) <br />CWCB Loan: $1,301,890 (Including 1% fee) <br />County: Larimer, Weld <br />Project Type: Reservoir Rehabilitation <br />Water Source: Cache La Poudre <br />Funding Sources: Construction Fund <br />Average Delivery: 35,000 acre-feet <br />Interest Rate: 2.85% Term: 30 years <br />WRCC, Inc. (Company) owns and operates six storage reservoirs in Larimer and Weld Counties <br />including Cobb Lake (Reservoir). The inlet ditch to the Reservoir has been badly eroded over time <br />and vertical degradation has resulted in very steep ditch side slopes that are a safety concern. The <br />inlet structures were built in the early 1900s and have been patched over the years; however, they are <br />to the point where they could be subject to sudden catastrophic failure. If this inlet failed, the <br />Reservoir could not be filled. The Company intends to reconstruct the exising inlet structures ditch to <br />address both the safety and possible failure issues. Construction is expected to take place in early <br />2010 with completion by May 2010. <br />;� <br />�.r; <br />� `�; e <br />+�,., �,;x�c.a <br />��' � ; <br />'`' P `!F �,. � :.1 <br />� � <br />^ s • ���� R' � <br />1 �. <br />. ` � � �. <br />'��._.�}� _1 �ri <br />h � �t'v . �. � � . <br />�wa3 '� <br />� <br />:;. <br />; : � 4 �! � }� <br />— � . �. '�. � <br />, <br />P -�.'���,� �..: <br />, �; � <br />� ti , <br />Location Map <br />
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