My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
C150375 Contract
CWCB
>
Loan Projects
>
DayForward
>
3001-4000
>
C150375 Contract
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/23/2015 11:15:51 AM
Creation date
12/30/2013 11:27:26 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
CT2015-010
C150375
Contractor Name
CONSOLIDATED HOME SUPPLY DITCH AND RESERVOIR COMPAY
Contract Type
Loan
Water District
4
County
Larimer
Loan Projects - Doc Type
Contract Documents
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
34
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
PROJECT SUMMARY <br /> Consolidated Home Supply Ditch and Reservoir Company <br /> Contract No. C150375 <br /> SECTION 1 —BORROWER INFORMATION <br /> Name: Consolidated Home Supply Ditch and Reservoir Company, <br /> a Colorado nonprofit corporation <br /> Address: 1650 West 8th St., Loveland, Colorado, 80537 <br /> Contact: Minerva Lee, President <br /> Phone Number: 970-622-2212 <br /> E-mail address: mlee @ncwcd.org <br /> Type of Entity: Colorado nonprofit corporation <br /> SECTION 2—PROJECT DESCRIPTION <br /> A. Description of PROJECT: The BORROWER applied to the CWCB for a loan for the <br /> Emergency Big Dam Diversion Structure Repair Project to repair damages to the <br /> dam diversion structure caused by the 2013 flood event ("PROJECT"). <br /> B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report <br /> dated October 16, 2013 on the PROJECT, titled "Emergency Funding for Damaged <br /> River Diversions/Dams From the September 2013 Flood Event"which was prepared <br /> by Consolidated Home Supply Ditch and Reservoir Company, Berthoud, Colorado <br /> and is incorporated herein by reference. Based upon the feasibility report, the <br /> CWCB determined the PROJECT to be technically and financially feasible. <br /> SECTION 3—CWCB's AUTHORITY <br /> Severance Tax Perpetual Base Fund:This loan is made pursuant to the provisions of <br /> §§ 39-29-109(1)(a)(I), 37-60-119 and 37-60-120, C.R.S., which authorize the CWCB to <br /> loan money for water projects from the CWCB Severance Tax Perpetual Base Fund for <br /> the benefit of the people of the state, provided that the BORROWER assures repayment <br /> of that money. <br /> Section 37-60-122(1)(b), C.R.S., authorizes the CWCB to make loans of up to <br /> $10,000,000 from the CWCB's Construction Fund and the State Severance Tax Trust <br /> Fund Perpetual Base Account Fund without prior approval from the General <br /> Assembly. <br /> SECTION 4-BOARD APPROVAL <br /> At its October 2013 meeting, the CWCB approved a Small Project Loan from the <br /> Severance Tax Perpetual Base Fund to the BORROWER in an amount up to $1,600,000 <br /> for PROJECT costs, not to exceed 100% of the cost of the PROJECT, with a loan origination <br /> fee of 1% of the cost of the PROJECT, in accordance with CWCB Policy No. 16, resulting <br /> in a total loan amount of $1,616,000 for 30 years with no payments and zero interest <br /> for the first three years followed by 27 years of amortized payments at the interest <br /> rate of 1.95%. <br /> Appendix 1 to Loan Contract C150375 <br /> Page 1 of 4 <br />
The URL can be used to link to this page
Your browser does not support the video tag.