C150320 Feasibility Study

• Contract/PO #: CT2015-049
• Contract/PO #: C150320
• Contractor Name: Thunderbird Water and Sanitation District
• Contract Type: Loan
• Water District: 8
• County: Douglas
• Loan Projects - Doc Type: Feasibility Study

its territorial boundaries, which are located entirely within Douglas County, Colorado and consist primarily of the Indian Creek Ranch Subdivision. The District's two primary sources
of revenue are: i) the rates, fees, tolls and charges imposed for the delivery of treated water, and ii) an operating and debt service mill levy. In 2011, the District's activities will
focus on the operation, maintenance and repair of the District's water well and distribution system and on the possible acquisition of additional water supplies including the construction
or acquisition of related water wells and pipeline transmission facilities. In November of 2010 the District's electors authorized the District to incur general obligation debt in the
amount of $375,000 for the acquisition of ground water rights, and to incur general obligation debt in the amount of $500,000 for the construction of water well and related transmission
facilities. The District's 2011 budget includes funds for the acquisition of water rights, and for the development of related infrastructure necessary to fully develop any rights that
may be acquired. The 2011 Budget was formulated using the modified accrual method of budgetary accounting. The District is not a party to any lease purchase agreements, and does not
contemplate entering into any lease purchase transactions during calendar year 2011. {00213851.DOC I) 1
THUNDERBIRD WATER & SANITATION DISTRICT DOUGLAS COUNTY, COLORADO BUDGET YEAR ENDING DECEMBER 31, 2011 GENERAL OPERATING FUND ACTUAL PRIOR YEAR 2009 ESTIMATED CURRENT YEAR 2010 ADOPTED
BUDGET YEAR 2011 BEGINNING FUND BALANCE 210,752 139,290 139.407 REVENUES Charges for services 77,483 90,000 90,000 Interest & FMV Earnings -1,671 1,000 1,000 Property Tax Revenues 22,548
22,314 24,344 Specific Ownership/Rental Tax 6,888 6,500 7,000 System Improvement Fees 1,750 2,000 2,000 Reallocation (to) from Debt Service -705 -1,447 -200 TOTAL REVENUES 106,293 120,367
124,144 TOTAL FUNDS AVAILABLE 317,045 259,657 263.551 EXPENDITURES Accounting 5,940 5,940 6,000 Director Fees 5,600 5,000 5,000 Insurance 3,788 3,800 4,000 Legal and Audit Fees 8,351
11,000 10,000 Meter Reading 4,354 4,350 4,400 Miscellaneous 1,065 700 1,200 Repairs & Maintanence 10,693 15,000 30,000 Supplies 3,658 3,800 3,500 Training 0 160 500 Utilities 22,127
27,000 27,000 Water Test Fees 1,497 1,500 2,700 Ordinary Capital Assets 44,108 12,000 20,000 Water Rights Perfection 16,180 10,000 20,000 Reconciled Accrual Adjustments 394 Contingency
15,000 SUBTOTAL EXPENDITURES 127,755 100,250 149,300 TRANSFER TO CAPITAL RESERVE 50,000 20,000 20,000 ENDING FUND BALANCE 139,290 139,407 94,251 LESS TABOR RESERVE 3,833 3,008 4,479
UNRESTRICTED FUND BALANCE 135,457 136,400 89.772 (44151)
THUNDERBIRD WATER & SANITATION DISTRICT DOUGLAS COUNTY, COLORADO BUDGET YEAR ENDING DECEMBER 31, 2011 GENERAL OPERATING FUND ACTUAL PRIOR YEAR 2009 ESTIMATED CURRENT YEAR 2010 ADOPTED
BUDGET YEAR 2011 BEGINNING FUND BALANCE 210.752 139.290 139.407 REVENUES Charges for services 77,483 90,000 90,000 Interest & FMV Earnings -1,671 1,000 1,000 Property Tax Revenues 22,548
22,314 24,344 Specific Ownership/Rental Tax 6,888 6,500 7,000 System Improvement Fees 1,750 2,000 2,000 Reallocation (to) from Debt Service -705 -1,447 -200 TOTAL REVENUES 106,293 120,367
124,144 TOTAL FUNDS AVAILABLE 317.045 259.657 263.551 EXPENDITURES Accounting 5,940 5,940 6,000 Director Fees 5,600 5,000 5,000 Insurance 3,788 3,800 4,000 Legal and Audit Fees 8,351
11,000 10,000 Meter Reading 4,354 4,350 4,400 Miscellaneous 1,065 700 1,200 Repairs & Maintanence 10,693 15,000 30,000 Supplies 3,658 3,800 3,500 Training 0 160 500 Utilities 22,127
27,000 27,000 Water Test Fees 1,497 1,500 2,700 Ordinary Capital Assets 44,108 12,000 20,000 Water Rights Perfection 16,180 10,000 20,000 Reconciled Accrual Adjustments 394 Contingency
15,000 SUBTOTAL EXPENDITURES 127,755 100,250 149,300 TRANSFER TO CAPITAL RESERVE 50,000 20,000 20,000 ENDING FUND BALANCE 139,290 139,407 94,251 LESS TABOR RESERVE 3,833 3,008 4,479
UNRESTRICTED FUND BALANCE 135.457 136.400 89,772 (44151)
THUNDERBIRD WATER & SANITATION DISTRICT DOUGLAS COUNTY, COLORADO BUDGET YEAR ENDING DECEMBER 31, 2011 CAPITAL RESERVE FUND 2009 Actual 2010 Estimated 2011 Budget BEGINNING FUND BALANCE
191,830 241,830 197.830 REVENUES Bond Proceeds -surface H2O 1,040,000 Loan Proceeds -groundwater 375,000 Loan Proceeds for Well #4 500,000 Transfer from Gen. Oper. Fund 50,000 20,000
20,000 TOTAL REVENUES 50,000 20,000 1,935,000 TOTAL FUNDS AVAILABLE 241,830 261,830 2,132,830 EXPENDITURES Surface-water Rights Acquisition 6,500 1,040,000 Groundwater Rights Acquisition
2,500 375,000 Drill & Equip Well #4 0 500,000 Tank/Well Rehabilitation 0 55,000 30,000 TOTAL EXPENDITURES 0 64,000 1,945,000 ENDING FUND BALANCE 241,830 197,830 187,830
THUNDERBIRD WATER & SANITATION DISTRICT DOUGLAS COUNTY, COLORADO BUDGET YEAR ENDING DECEMBER 31, 2011 DEBT SERVICE FUND 2009 Actual 2010 Estimated 2011 Budget BEGINNING BALANCE 50,000
50,000 50,000 REVENUES Loan Proceeds 0 0 0 Property Tax 48,784 48,819 50,333 Reallocation (to) from General Fund 1,493 1,447 200 TOTAL REVENUES 50,277 50,266 50,533 TOTAL FUNDS AVAILABLE
100,277 100,266 100,533 EXPENDITURES Water Well Construction 0 0 0 County Treasurer Fees 1,146 1,135 1,202 Loan Principal 29,806 31,089 32,427 Loan Interest 19,325 18,042 16,904 TOTAL
EXPENDITURES 50,277 50,266 50,533 ENDING FUND BALANCE 50,000 50,000 50,000
RESOLUTION 10-12-1 THUNDERBIRD WATER AND SANITATION DISTRICT DOUGLAS COUNTY, COLORADO A RESOLUTION SUMMARIZING THE EXPENDITURES AND REVENUES AND ADOPTING A BUDGET FOR THE THUNDERBIRD
WATER AND SANITATION DISTRICT, DOUGLAS COUNTY, COLORADO, FOR THE CALENDAR YEAR BEGINNING ON THE FIRST DAY OF JANUARY, 2011 AND ENDING ON THE LAST DAY OF DECEMBER, 2011 WHEREAS, the Board
of Directors of the Thunderbird Water and Sanitation District appointed Ed Berchem, the District's bookkeeper and accountant, to prepare and submit a proposed budget to said governing
body at the proper time; and WHEREAS, Ed Berchem prepared and submitted a proposed budget on or before October 15, 2010, for the Board of Directors consideration; and WHEREAS, upon due
and proper notice, published in accordance with law, said proposed budget was open for inspection by the public at a designated place and a public hearing was held on December 9, 2010,
and interested electors were given the opportunity to file or register any objections to said proposed budget; and WHEREAS, the proposed budget has been prepared to comply with all terms,
limitations and exemptions, including but not limited to reserve transfer and expenditure exemptions, under Article X, Section 20 of the Colorado Constitution and other laws which are
applicable to or binding upon the District; and WHEREAS, whatever increases may have been made in the expenditures, like increases were added to the revenues so that the budget remains
balanced, as required by law. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Thunderbird Water and Sanitation District, Douglas County, Colorado: Section 1. , That the
estimated expenditures for each fund for the calendar year beginning on the first day of January, 2011, and ending on the last day of December, 2011, are as follows: General Fund including
Capital Reserve Fund $ 2,098,779 Debt Service Fund $ 50,533 Total Expenditures $ 2,149,312 {00211610.DOC/}
Attest. Section 2. That the estimated revenues for each of the District's funds for the calendar year beginning on the first day of January, 2011, and ending on the last day of December,
2011, are as follows: General Fund From 2010 year-end fund balance $ 29,635 From sources other than general property tax revenue $ 2,095,333 From general property tax revenue $ 24,344
Total General Fund Revenue $ 2,149,312 Debt Service Fund From 2010 year-end fund balance 0 From sources other than general property tax revenue 0 From general property tax revenue $
50,533 Total Debt Service Fund Revenue $ 50,533 Total General Fund and Debt Service Fund Revenue $ 2,199,845 Section 3. That the budget, as submitted, amended, and herein summarized
by fund, is hereby approved and adopted as the budget of the Thunderbird Water and Sanitation District for the calendar year beginning on the first day of January, 2011, and ending on
the last day December, 2011. Section 4. That the budget, as hereby approved and adopted, shall be certified by the Treasurer, Secretary and/or President of the District, to all appropriate
agencies, and is made a part of the public records of the District. ADOPTED on the 9th day of December, 2010. THUNDERBIRD WATER AND SANITATION DISTRICT B . 21 Alpo:4A rris, President
Gary Cammarata, Secretary {00211610.DOC I) 2
RESOLUTION 10-12-2 THUNDERBIRD WATER AND SANITATION DISTRICT DOUGLAS COUNTY, COLORADO A RESOLUTION APPROPRIATING SUMS OF MONEY FOR THE THUNDERBIRD WATER AND SANITATION DISTRICT, IN THE
AMOUNT AND FOR THE PURPOSES SET FORTH BELOW, FOR THE 2011 BUDGET WHEREAS, the Board of Directors of the Thunderbird Water and Sanitation District has adopted its annual budget in accordance
with the Local Government Budget Law, on December 9, 2010; and WHEREAS; the Board of Directors of the Thunderbird Water and Sanitation District has made provision therein for revenues
in an amount equal to or greater than the total proposed expenditures as set forth in said budget; and WHEREAS, it is not only required by law, but also necessary to appropriate the
revenues provided in the budget to and for the purposes described below, thereby establishing a limitation on expenditures for the operation of the Thunderbird Water and Sanitation District.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Thunderbird Water and Sanitation District, Douglas County, Colorado: Section 1. That the following sums of money are hereby
appropriated from revenues of each fund for the purposes stated below: General Fund including Capital Reserve Fund $ 2,098,779 Debt Service Fund $ 50,533 Total Sums Appropriated $ 2,149,312
(00211615.DOC I)
ADOPTED on the 9th day of December, 2010. THUNDERBIRD WATER AND SANITATION DISTRICT By: exA/ineAA--/Larry G.orris, President Attest: ary1Cammarata, Secretary (00211615.DOC I)
RESOLUTION 10-12-3 THUNDERBIRD WATER AND SANITATION DISTRICT DOUGLAS COUNTY, COLORADO A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2010 TO HELP DEFRAY THE COSTS OF GOVERNMENT
FOR THE THUNDERBIRD WATER AND SANITATION DISTRICT, DOUGLAS COUNTY, COLORADO, FOR THE 2011 BUDGET YEAR WHEREAS, the Board of Directors of the Thunderbird Water and Sanitation District
has adopted the annual budget for 2011 in accordance with the Local Government Budget Law on December 9, 2010; and WHEREAS, the amount of money necessary to balance the budget for general
operating purposes from property tax revenue is $24,344 and WHEREAS, the amount of money necessary to balance the budget for debt service payments from property tax revenue is $50,533;
and WHEREAS, the 2010 valuation for assessment for the Thunderbird Water and Sanitation District, as certified by the Douglas County Assessor, is $6,859,380. NOW THEREFORE, BE IT RESOLVED
by the Board of Directors of the Thunderbird Water and Sanitation District, Douglas County, Colorado: Section 1. That for the purpose of meeting all general operating expenses of the
Thunderbird Water and Sanitation District during the 2011 budget year, there is hereby levied a tax of 3.549 mills upon each dollar of the total valuation for assessment of all taxable
property within the Thunderbird Water and Sanitation District to raise $24,344. Section 2. That for the purpose of meeting all bonds and interest of the Thunderbird Water and Sanitation
District during the 2011 budget year, there is hereby levied a tax of 7.367 mills upon each dollar of the total valuation for assessment of all taxable property within the Thunderbird
Water and Sanitation District to raise revenues of $50,533. Section 3. That the secretary, treasurer and/or president of the District is hereby authorized and directed to immediately
certify to the County Commissioners of Douglas County, Colorado, the mill levies for the District as hereinabove determined and set. (00211616.DOC I)
ry C mmarata, Secretary ADOPTED the 9th day of December, 2010. THUNDERBIRD WATER AND SANITATION DISTRICT 1ibuctx; Larry G. rris, President By: Attest: (00211616.DOC I) 2
SUBTOTAL FOR GENERAL OPERATING: 3.549 mills 24,344 Contact person: (print) Signed: Y elf/nn ary Cjimm ata Daytime phone: [phone] Title: Secretary Ti County Tax Entity Code DOLA
LGID/SID /CERTIFICATION OF TAX LEVIES for NON-SCHOOL Governments TO: County Commissioners' of Douglas County Colorado , Colorado. On behalf of the (taxing entity)A the Board of Directors
(governing body)B of the Thunderbird Water and Sanitation District (local government)C Hereby officially certifies the following mills to be levied against the taxing entity's GROSS
$ 6,859,380 assessed valuation of: (GROSS assessed valuation, Line 2 of the Certification of Valuation Form DLG 57 E) Note: If the assessor certified a NET assessed valuation (AV) different
than the GROSS AV due to a Tax Increment Financing (TIF) AreaF the tax levies must be $ calculated using the NET AV. The taxing entity's total (NETG assessed valuation, Line 4 of the
Certification of Valuation Form DLG 57) property tax revenue will be derived from the mill levy multiplied against the NET assessed valuation of: Submitted: December 10, 2010 for budget/fiscal
year 2011 (not later than Dec. 15) (mm/dd/yyyy) (yyyy) PURPOSE (see end notes for definitions and examples) LEVY2 REVENUE2 1. General Operating Expenses"' 3.549 mills $ 24,344 2. <Minus>
Temporary General Property Tax Credit/Temporary Mill Levy Rate Reduction' 3. General Obligation Bonds and Interest' 0.000 4. Contractual ObligationsK 7.367 5. Capital Expenditures''
0.000 6. Refunds/Abatementsm 0.000 7. OtherN (specify): 0.000 mills $ 0.00 mills 50,533 mills 0.00 mills 0.00 mills 0.00 mills $ TOTAL. r Sum of General Operating • Subtotal and Lines
3 to 7 j I 10.916 mills Include one copy of this tax entity's completed form when filing the local government's budget by January 3 I st, per 29-1-113 CRS., with the Division of Local
Government (DLG), Room 521, 1313 Sherman Street, Denver, CO 80203. Questions? Call DLG at [phone]. If the taxing entity's boundaries include more than one county, you must certify
the levies to each county. Use a separate form for each county and certify the same levies uniformly to each county per Article X, Section 3 of the Colorado Constitution. 2 Levies must
be rounded to three decimal places and revenue must be calculated from the total NET assessed valuation (Line 4 of Form DLG57 on the County Assessor's final certification of valuation).
(00211543.DOC /)Form DLG 70 (rev 7/08) Page 1 of 4
CERTIFICATION OF TAX LEVIES, continued THIS SECTION APPLIES TO TITLE 32, ARTICLE 1 SPECIAL DISTRICTS THAT LEVY TAXES FOR PAYMENT OF GENERAL OBLIGATION DEBT (32-1-1603 C.R.S.). Taxing
entities that are Special Districts or Subdistricts of Special Districts must certify separate mill levies and revenues to the Board of County Commissioners, one each for the funding
requirements of each debt (32-1-1603, C.R.S.) Use additional pages as necessary. The Special District's or Subdistrict's total levies for general obligation bonds and total levies for
contractual obligations should be recorded on Page 1, Lines 3 and 4 respectively. CERTIFY A SEPARATE MILL LEVY FOR EACH BOND OR CONTRACT: BONDS': 1. Purpose of Issue: N/A Series: Date
of Issue: Coupon Rate: Maturity Date:. Levy: Revenue: 2. Purpose of Issue: N/A Series: Date of Issue: Coupon Rate: Maturity Date: Levy: Revenue: CONTRACTSK: 3. Purpose of Contract: Title:
Date: Principal Amount: Maturity Date: Levy: Revenue: 4. Purpose of Contract: Title: Water Well Replacement Colorado Water Resources and Power Development Authority Loan Agreement June
1, 1999 $285,000 May 1, 2019 3.609 $24,755 Second Water Well Colorado Water Resources and Power Development Authority Loan Agreement Date: Principal Amount: Maturity Date: Levy: Revenue:
August 27, 2002 $400,000 November 1, 2020 3.758 $25,778 Use multiple copies of this page as necessary to separately report all bond and contractual obligations per 32-1-1603, C.R.S.
{00211543.DOC /)Form DLO 70 (rev 7/08) Page 2 of 4