Laserfiche WebLink
OPINION OF FEASIBILITY <br />The Town of Windsor has been involved in completing similar projects for water <br />storage, irrigation, and augmentation supply. The Town believes this project is feasible. <br />COLLATERAL <br />Basedontheir 2012 financial statement, the Town of Windsor Water Enterprise <br />had cashrevenuesof $1,616,193 in excessof cashexpenses. Their annual <br />depreciation was $360,364 leaving anetincomeof $1,255,829. As of December 31, <br />2012the Town of Windsor Water Enterprise balance sheetlistscurrent assets of <br />$18,383,764,total assets of $56,108,051 anda total net position of <br />$51,884,739 <br />CREDIT WORTHINESS <br />As ofDecember 31, 2012 the Town of Windsor Water Enterprise balancesheethad <br />totalshortterm liabilitiesof $4,194,176 and longtermliabilitiesof $29,136. <br />The Town’s non-potable water fund has a CWCB Loan initiated in 2003 for the Kern <br />Reservoir dredging project. The loan is in the name of Kern Reservoir & Ditch Co and <br />has a balance of roughly $3.8M. The Town of Windsor has 100% ownership of the <br />Kern Reservoir & Ditch Co. <br />SOCIAL AND PHYSICAL IMPACTS <br />The project will have no significant social impacts at this point other than providing <br />some aesthetical value at the gateway into the town. In the future, the Town may <br />construct a park around the Kyger Reservoir for the community, but that is not being <br />considered at this time. <br />Regarding physical impacts, there will be new infrastructure created in the area. This <br />infrastructure will follow historical easements and completed so finished construction <br />has low physical impacts. <br />CONCLUSIONS <br />1.The Town of Windsor is an incorporated entity in the State of Colorado with the <br />ability to enter into a contract with the CWCB for the purpose of obtaining a <br />Construction Fund loan. <br />2.Easements will be granted as part of the Kyger Reservoir purchase and are <br />adequate for the construction of the required infrastructure. <br />3.The project would provide for the continued delivery of irrigation to the Town’s <br />parks and help reduce thepressure on Kern Reservoir. <br /> <br />