C150237 Feasibility Study

• Contract/PO #: CT2015-040
• Contract/PO #: C150237
• Contractor Name: Penrose Water District
• Contract Type: Loan
• County: Fremont
• Bill Number: SB 07-122
• Loan Projects - Doc Type: Feasibility Study

LOAN FEASIBILITY STUDY FOR
RAW WATER ACQUISITION AND UTILIZATION
LIST OF TABLES
Table 1
Lease with Beaver Park Water "Contract Table Amount .t.' .............. ............................... 9
Table 2
Pleasant Valley Ditch Water Rights ............................................... ...............................
13
Table 3
Cost of Purchasing 10 /12ths of Pleasant Valley Ditch ................... ...............................
14
Table 4
Comparison of Water Utilization Projects ...................................... ...............................
21
Table 5
Alternative 3 — Opinion of Probable Cost ...................................... ...............................
26
Table 6
Penrose Water District Project Financing ...................................... ...............................
32
Table 7
Penrose Water District Historical Water Rate Structure ............... ...............................
33
Table 8
Penrose Water District Current Water Rate Structure ................... ...............................
33
Table 9
Penrose Water District Ad Valorem Tax Assessments ................. ...............................
34
Table 10
Penrose Water District Revenue Sources .................................... ...............................
35
Table 11
Penrose Water District Expenditures ........................................... ...............................
37
Table 12
Penrose Water District Retained Cash Earnings ......................... ...............................
39
Table 13
Penrose Water District Current Debt Service ............................... ...............................
41
Table 14
Penrose Water District Sources of Revenue for CWCB Debt Service .......................
42
Table 15
Penrose Water District Projected Revenues and Expenditures for Life of CWCB Loan
................................................................................................................
...............................
44
LIST OF FIGURES
Figure 1 Penrose Water District Service Area ............................................... ............................... 3f
Figure 2 Penrose Water District Future Water Demand ............................... ............................... 5
Figure 3 Penrose Water District Current and Future Base Demand and Total Municipal
Demand.................................................................................................... ............................... 6
Figure 4 Beaver Park Water System .............................................................. ............................... 8
Figure 5 Penrose Water District Alternative 2 ............................................ ............................... 16
Figure 6 Penrose Water District Alternative 3 ............................................ ............................... 19
Figure 7 Penrose Water District Proposed Well Field ................................ ............................... 22
Figure 8 Property Owners Along Proposed Pipeline Alignment ................. ............................... 25
Figure 9 Alternative 3 — Proposed Implementation Schedule ..................... ............................... 29
APPENDIX
Appendix A — Order and Decree and By -Laws
Appendix B - Water Service Agreement
Appendix C — Penrose Water District 2003 Audit
Appendix D — Penrose Water District 2004 Audit
Appendix E — Penrose Water District 2005 Audit
Appendix F — Penrose Water District 2006 Budget
Appendix G — Attorney Opinion Letter re Enterprise Status vis -a -vis Penrose Water District
Appendix H - Water Rights Appraisal Report prepared by Ralph Atkins
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