C150321 Reallocation Approval Letter

• Contract/PO #: CT2015-055
• Contract/PO #: C150321
• Contractor Name: Georgetown, Town of
• Contract Type: Loan
• Water District: 7
• County: Clear Creek
• Loan Projects - Doc Type: Approval Letter

STATE OF COLORADO
Colorado Water Conservation Board
Co ti,„
Department of Natural Resources ewoF•of .
1313 Sherman Street,Room 721 ti
Denver,Colorado 80203 * -
Phone:[phone] 0 * *
Fax:[phone] */876*
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
James Eklund
Kirk Russell, P.E., Chief CWCB Director
Finance Section
DATE: May 9, 2014 (Updated May 23,2014)
SUBJECT: Consent Agenda Item 4a,May 21-22,2014 Board Meeting
Changes to Existing Loan - Finance
Town of Georgetown—Outlet Works Modification Project
At the July 2011 Board meeting,the Town of Georgetown(Town)was approved for a$2,976,975
loan(Loan Contract C150321) for the Outlet Works Modification Project(Project). The purpose of
the Project is to increase the outlet capacity at Georgetown Lake dam so the Town can release water
in accordance with its augmentation plan.
The Town has an agreement with the City of Black Hawk that allows Black Hawk storage capacity
in the Lake. At the time of the loan approval the Town was negotiating with Black Hawk to have
Black Hawk contribute a portion of the Project costs. The final agreement regarding the
contribution was reached in December of 2012 and Black Hawk has agreed to pay 50%of the
design and construction costs of the Project.
With this agreement in place approximately $1,474,000 of the authorized loan funds are now
available for additional improvements. The Town has requested the addition of a hydroelectric
component on the outlet works of the water treatment plant(approximately $90,000) and$3,500 for
a dam failure inundation mapping effort below Georgetown Dam.
Staff Recommendation (Board approved staff recommendation on May 21,2014)
Staff recommends allowing the Town to use the previously authorized Loan funds for the additional
Project components.
cc: Tom Hale, Town Administrator, Town of Georgetown
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