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C150321 Contract
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C150321 Contract
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Last modified
6/17/2015 12:04:39 PM
Creation date
4/24/2012 1:32:13 PM
Metadata
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Template:
Loan Projects
Contract/PO #
CT2015-055
C150321
Contractor Name
Georgetown, Town of
Contract Type
Loan
Water District
7
County
Clear Creek
Loan Projects - Doc Type
Contract Documents
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i a <br />Project Summary — Town of Georgetown, acting by and through its <br />Water and Sewer Activity Enterprise — Contract No. C150321 <br />SECTION 1 — BORROWER INFORMATION <br />Name: Town of Georgetown, acting by and through its Water <br />and Sewer Activity Enterprise <br />Address: P.O. Box 426, Georgetown, CO 80444 <br />Contact: Tom Hale, Town Administrator <br />Phone Number: 303 - 569 -2555 <br />E -mail address: gtownadmin @earthlink.net <br />Type of Entity: The Town was formed in 1866 and is located in Clear <br />Creek County. The Town's Water and Sewer Activity <br />Enterprise was formed and is operated as an <br />enterprise within the meaning of COLO. CONST. Art. X, <br />Section 20. <br />Section 2 — Project Description <br />A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be <br />used for the construction of the Outlet Works Modification Project, located in <br />Clear Creek County, hereinafter referred to as the PROJECT, at an estimated total <br />cost of $3,275,000. <br />B. Description of Feasibility Study: The CWCB has reviewed a feasibility study <br />report on the PROJECT compiled by Todd Ficken, P.E. and F &D International, <br />LLC, which is incorporated herein by reference, and, based upon the feasibility <br />report, the CWCB determined the PROJECT to be technically and financially <br />feasible. <br />SECTION 3 — CWCB's AUTHORITY <br />Construction Fund. This loan is made pursuant to the provisions of §§ 37 -60 -119 <br />and 37 -60 -120, C.R.S., which authorize the CWCB to loan money for water projects <br />from the CWCB Construction Fund for the benefit of the people of the state, <br />provided that the borrower assures repayment of that money. <br />Small Project Loan: This loan is made pursuant to the provisions of §§ 37 -60 -119 <br />and 37 -60 -120, C.R.S., which authorizes the CWCB to loan money for water <br />projects for the benefit of the people of the State, provided that the borrower <br />assures repayment of that money. <br />Section 37- 60- 122(1)(b) C.R.S., authorizes the CWCB to make loans of up to <br />$10,000,000 from the CWCB's Construction Fund and the State Severance Tax <br />Trust Fund Perpetual Base Account Fund without prior approval from the General <br />Assembly <br />SECTION 4 - BOARD APPROVAL AND LEGISLATIVE AUTHORIZATION <br />Appendix 1 to Loan Contract C150321 <br />Page 1 of 4 <br />
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