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Project Summary — Grand Mesa Water Conservancy District, Acting
<br />By and Through Its Water Activity Enterprise
<br />Contract No. C150354
<br />SECTION 1 — BORROWER INFORMATION
<br />Name: Grand Mesa Water Conservancy District acting by and
<br />A. Description of PROJECT: The BORROWER requested a loan, from CWCB, for the
<br />Peak Reservoir and Blanche Park Reservoir Rehabilitation Project. The District is
<br />in the process of rehabilitating the reservoirs to provide water for agricultural use,
<br />domestic use, and augmentation purposes. The total Project cost is estimated to
<br />be $640,000. The District has already contributed $352,500 towards PROJECT
<br />costs and has also been awarded $75,000 in Water Supply Reserve Account
<br />(WSRA) Gunnison Basin Roundtable grant funds. The District is requesting a
<br />loan from the CWCB for approximately 35% of Project costs.
<br />B. Description of Feasibility Study: The CWCB has reviewed the Loan Feasibility
<br />Study, dated March 2013, titled "Rehabilitation of Two Reservoirs on Grand
<br />Mesa ", prepared by Austin Keiser, the District president, with engineering support
<br />from William Miller, P.E. of MM &D Engineering in Castle Rock, Colorado, which
<br />is incorporated herein by reference. The Study was prepared in accordance with
<br />the CWCB guidelines and includes an alternative analysis, engineering design
<br />and cost estimates. Based upon the feasibility report, the CWCB determined the
<br />PROJECT to be technically and financially 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, provided
<br />that the BORROWER assures repayment of that money.
<br />Appendix 1 to Loan Contract C150354
<br />Page 1 of 4
<br />through its Water Activity Enterprise
<br />Address:
<br />P.O. Box 129, Cedaredge, Colorado, 81413
<br />Contact:
<br />Austin M. Keiser, President
<br />Phone Number:
<br />970 - 856 -3173
<br />E -mail address:
<br />askeiser[,yahoo.com
<br />Type of Entity:
<br />The Grand Mesa Water Conservancy District,
<br />located in Delta County, is a water conservancy district
<br />formed pursuant to and governed by Article 45. 1, Title
<br />37 C.R.S. The Grand Mesa Water Conservancy
<br />District Water Activity Enterprise is a water activity
<br />enterprise maintained, by the District, pursuant to Article
<br />45.1, Title 37, C.R.S. and was formed and is operated
<br />as an enterprise within the meaning of COLORADO
<br />CONST. Art. X, Section 20.
<br />Section 2 — Project Description
<br />A. Description of PROJECT: The BORROWER requested a loan, from CWCB, for the
<br />Peak Reservoir and Blanche Park Reservoir Rehabilitation Project. The District is
<br />in the process of rehabilitating the reservoirs to provide water for agricultural use,
<br />domestic use, and augmentation purposes. The total Project cost is estimated to
<br />be $640,000. The District has already contributed $352,500 towards PROJECT
<br />costs and has also been awarded $75,000 in Water Supply Reserve Account
<br />(WSRA) Gunnison Basin Roundtable grant funds. The District is requesting a
<br />loan from the CWCB for approximately 35% of Project costs.
<br />B. Description of Feasibility Study: The CWCB has reviewed the Loan Feasibility
<br />Study, dated March 2013, titled "Rehabilitation of Two Reservoirs on Grand
<br />Mesa ", prepared by Austin Keiser, the District president, with engineering support
<br />from William Miller, P.E. of MM &D Engineering in Castle Rock, Colorado, which
<br />is incorporated herein by reference. The Study was prepared in accordance with
<br />the CWCB guidelines and includes an alternative analysis, engineering design
<br />and cost estimates. Based upon the feasibility report, the CWCB determined the
<br />PROJECT to be technically and financially 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, provided
<br />that the BORROWER assures repayment of that money.
<br />Appendix 1 to Loan Contract C150354
<br />Page 1 of 4
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