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C150367 Approval Letter
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C150367 Approval Letter
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Last modified
6/17/2015 11:56:45 AM
Creation date
10/1/2013 2:25:06 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
CT2015-007
C150367
Contractor Name
Lamar, City of
Contract Type
Loan
Water District
67
County
Prowers
Loan Projects - Doc Type
Approval Letter
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Water Project Loan Program <br />Project Data Sheet <br />Borrower: City of Lamar, Water Activity County: Prowers <br />Enterprise <br />Project Name: Raw Water Transmission Line Project Type: Pipeline Construction <br />Replacement Project <br />Drainage Basin: Arkansas / District 67 Water Groundwater <br />Source: <br />Total Project $1,970,000 <br />Cost: <br />Type of Low - Income Municipal <br />Borrower: <br />CWCB Loan: .$792,850 (w/ 1% service fee) <br />Funding Construction Fund, Water <br />Source: Supply Reserve Account <br />Grants, and Department of <br />Local Affairs Grant <br />Avg. Annual 2,005 AF <br />Delivery: <br />Interest Rate: 2.25% Term: 30 years <br />The City, located in Prowers County in southeastern Colorado, provides water service to a <br />population of approximately 7,800 people. The water supply comes from 29 active wells. The <br />transmission line from the highest quality water producing wells was constructed of cast iron in <br />1933 as a part of the Works Projects Administration. Recent testing of the line showed high <br />amounts of scale build -up, pin -hole leaks, and pressure drops. It is estimated that between 378 to <br />662 acre -feet of water will be saved annually once a new transmission line is installed. In June <br />of 2013, the City was approved for a $200,000 grant by the Arkansas Basin Roundtable from the <br />Water Supply Reserve Account ($50,000 from the Arkansas Basin Account and $150,000 from <br />the Statewide Account). In July of 2013, it was also awarded a $985,000 grant from the <br />Department of Local Affairs (DOLA) Energy /Mineral Impact Assistance Fund. Construction is <br />expected to occur in early to mid 2014. <br />
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