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STATE OF COLORADO <br /> Colorado Water Conservation Board <br /> Department of Natural Resources w <br /> 1313 Sherman Street,Room 721 h� ' z <br /> Denver,Colorado 80203 x " <br /> * T <br /> Phone:(303)866-3441 � *�� <br /> Fax:(303)866-4474 <br /> www.cwcb.state.co.us ' . /v s � • ' <br /> John W.Hickenlooper <br /> Governor <br /> TO: Colorado Water Conservation Board Members <br /> Mike King <br /> DNR Executive Director <br /> FROM: Jonathan Hernandez, P.E., Project Manager <br /> Kirk Russell, P.E., Chief )" James Eklund <br /> CWCB Director <br /> Finance Section <br /> DATE: May 9, 2014 (Updated May 23,2014) <br /> SUBJECT: Agenda Item 29a,May 21-22,2014 Board Meeting <br /> Chatfield Reallocation Project Loans <br /> Centennial Water and Sanitation District <br /> Introduction <br /> The Centennial Water and Sanitation District(District), is requesting a loan for its participation in the <br /> 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 permanence and reliability of its <br /> water supply by reducing its dependence on non-renewable water supplies. The District's total <br /> participation cost(Project cost)is $48,888,000. The District is requesting a loan from the CWCB for <br /> 90%of its Project cost. See 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 $44,440,000 ($44,000,000 for Project <br /> costs and $440,000 for the 1% Loan Service Fee)to the Centennial Water and Sanitation District, <br /> for its participation in the Chatfield Reallocation Project, from the Severance Tax Perpetual Base <br /> Fund. The loan terms shall be 30 years at the high-income municipal interest rate of 3.0%per <br /> annum. Security for the loan shall be in compliance with CWCB Financial Policy#5. <br /> • <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 />