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STATE OF COLORADO <br /> Colorado Water Conservation Board <br /> Department of Natural Resources <br /> 1313 Sherman Street,Room 721 H� <br /> Denver,Colorado 80203 * rte ` <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 Mike King <br /> DNR Executive Director <br /> FROM: Jonathan Hernandez, P.E., Project Manager James Eklund <br /> Kirk Russell, P.E., Chief- CWCB Director <br /> Finance Section <br /> DATE: May 9, 2014 (Updated May 23,2014) <br /> SUBJECT: Agenda Item 29e, May 21-22,2014 Board Meeting <br /> Chatfield Reallocation Project Loans <br /> Central Colorado Water Conservancy District <br /> Introduction <br /> The Central Colorado Water Conservancy District(District)is requesting a loan for its participation in <br /> the Chatfield Reallocation Project(Reallocation). The Reallocation is included in the 2014 CWCB <br /> Projects Bill (HB14-1333). For the purposes of this loan,the District's participation in the Reallocation <br /> is defined as the Project. The goal of the Project is to increase the availability of augmentation water <br /> for agricultural users within its District. The District's total participation cost(Project cost)is estimated <br /> to be$28,170,000.The District is requesting a loan from the CWCB for 100%of its Project cost. See <br /> attached Project Data Sheet for a location map and a Project summary. <br /> Staff Recommendation(Board approved staff recommendations on May 22,2014) <br /> Staff recommends the Board approve a loan not to exceed $28,451,700 ($28,170,000 for Project <br /> costs and$281,700 for the 1% Loan Service Fee)to the Central Colorado Water Conservancy <br /> District for 100% of its participation cost in the Chatfield Reallocation Project, from the Severance <br /> Tax Perpetual Base Fund. The loan terms shall be 30 years at the agricultural interest rate of 1.75% <br /> per annum. 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 />