C150367 Approval Letter

• Contract/PO #: CT2015-007
• Contract/PO #: C150367
• Contractor Name: Lamar, City of
• Contract Type: Loan
• Water District: 67
• County: Prowers
• Loan Projects - Doc Type: Approval Letter

STATE OF COLORADO
Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
Fax: [phone]
www.cwcb.state.co.us
John W. Hickenlooper
Governor
TO: Colorado Water Conservation Board Members
Mike King
DNR Executive Director
FROM: Anna Mauss, P.E., Project Manager
Kirk Russell P.E. Chief James Eklund
� � f CWCB Director
Finance and Administration Section
DATE: September 13, 2013 (Updated September 26, 2013)
SUBJECT: Agenda Item 29a, September 24 -25, 2013 Board Meeting
Finance/Water Supply Planning— CWCB Loan and WSRA Grant
City of Lamar — Raw Water Transmission Line Replacement Project
Introduction
The City of Lamar, acting by and through its Water Activity Enterprise (City), is applying for a
WSRA grant and CWCB loan to finance the Raw Water Transmission Line Project (Project). The
purpose of the Project is to replace a deteriorated transmission line from one of the City's well
fields to its treatment facility. The total Project cost is estimated to be $1,970,000. In June of 2013,
the City was approved for a $150,000 Statewide Grant and a $50,000 Basin Grant 200,000 grant by
the Arkansas Basin Roundtable from the Water Supply Reserve Account (WSRA). In July of 2013,
it was also awarded a $985,000 grant from the Department of Local Affairs (DOLA)
Energy/Mineral Impact Assistance Fund. The City is requesting a loan from the CWCB to cover
the remaining 40% of Project Costs. See attached Project Data Sheet for a location map and a
Project summary.
Staff Recommendation for WSRA Grant (Board approved staff recommendation on
September 25, 2013)
Staff recommends approval of up to $150,000 from the Statewide Account and $50,000 from the
Arkansas Basin Account to the City of Lamar, acting by and through its Water Activity Enterprise,
to fund the Raw Water Transmission Line Project.
Staff Recommendation for CWCB Loan (Board approved staff recommendation on
September 25, 2013)
Staff recommends the Board approve a loan, from the Construction Fund, not to exceed $792,850
($785,000 for project costs and $7,850 for the 1% Loan Service Fee) to the City of Lamar, acting by
and through its Water Activity Enterprise, for the Raw Water Transmission Line Replacement
Project. The loan terms shall be 30 years at the low- income municipal rate of 2.25% per annum.
Security for the loan shall be in compliance with CWCB Financial Policy #5.
Interstate Compact Compliance • Watershed Protection • Flood Planning & Mitigation • Stream & Lake Protection
Water Project Loans & Grants • Water Modeling • Conservation & Drought Planning • Water Supply Planning