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STATE OF COLORADO <br /> Colorado Water Conservation Board <br /> Department of Natural Resources <br /> Sherman Street,Room 721 <br /> Denver,Colorado 80203 * , <br /> Phone:(303)866-3441 * <br /> Fax:(303)866-4474 1876_` <br /> www.cwcb.state.co.us ; <br /> John W.Hickenlooper <br /> Governor <br /> TO: Colorado Water Conservation Board Members <br /> Mike King <br /> DNR Executive Director <br /> FROM: Derek Johnson, P.E., Project Manager t' <br /> Kirk Russell, P.E. Chief (p7-- James Eklund <br /> CWCB Director <br /> Finance Section <br /> DATE: May 9, 2014 (Updated May 23,2014) <br /> SUBJECT: Agenda Item 30d,May 21-22,2014 Board Meeting <br /> Water Infrastructure and Supply Efficiency(WISE) Project Loans <br /> Pinery Water and Wastewater District <br /> Introduction <br /> The Denver Southeast Suburban Water and Sanitation District dba Pinery Water and Wastewater District <br /> (Pinery or District),acting by and through its water activity enterprise, is requesting a loan for its <br /> participation in the Water Infrastructure and Supply Efficiency(WISE)Project. The WISE Project is <br /> included in the CWCB Projects Bill(HB14-1333). For the purposes of this loan,the Project is defined as <br /> the District's participation therein. The goal of the Project is to reduce the District's dependence on non- <br /> renewable water sources. The District is requesting a loan from the CWCB for 90%of its $10,920,000 <br /> participation cost. See attached Project Data Sheet for a location map and a project summary. <br /> Staff Recommendation (Board approved staff recommendation on May 22,2014) <br /> Staff recommends the Board approve a combined total loans amount not to exceed $9,926,280 <br /> ($9,828,000 for Project costs and $98,280 for the 1% Loan Service Fee)to the Denver Southeast <br /> Suburban Water and Sanitation District, acting by and through its water activity enterprise, for its <br /> participation in the Water Infrastructure and Supply Efficiency (WISE) Project from the Construction <br /> Fund. The loan terms shall be 30 years at the high-income municipal interest rate of 3.0%per annum. <br /> Security for the loan shall be in compliance with CWCB Financial Policy#5. <br /> Interstate Compact Compliance•Watershed Protection•Flood Planning&Mitigation•Stream&Lake Protection <br /> Water Project Loans&Grants•Water Modeling•Conservation&Drought Planning•Water Supply Planning <br />