Laserfiche WebLink
ON R COLOR A © O 1313 Sherman Street John Hickenlooper, Governor <br /> Denver, CO 80203 <br /> CO Colorado Water Mike King, DNR Executive Director <br /> Conservation Board P(303)866-3441 <br /> F(303)866-4474 James Eklund,CWCB Director <br /> TO: Colorado Water Conservation Board Members <br /> FROM: Derek Johnson, P.E., Project Manager ' - <br /> Kirk Russell, P.E., Finance Section Chief ') <br /> DATE: July 16-17, 2014 Board Meeting (Updated July 18, 2014) <br /> AGENDA ITEM: 23a. Water Project Loan <br /> Upper Platte fr Beaver Canal Company - Hospital Road Recharge Facility and <br /> Bridge Widening Project <br /> Introduction <br /> The Upper Platte and Beaver Canal Company (Company) is applying for a loan for the construction of <br /> the Hospital Road Recharge Facility and Bridge Widening Project (Project). The project includes the <br /> construction of an augmentation pond to better meet retiming of return flows to the South Platte <br /> River, as well as the widening of an existing bridge at its main diversion facilities on the Platte River <br /> for improved ongoing maintenance access. The total Project cost is estimated at $210,000.00. The <br /> Company is requesting a loan to cover 90% of the Project cost. See the attached Project Data Sheet for <br /> a location map and a project summary. <br /> Staff Recommendation (Board approved staff recommendation on July 17,2014) <br /> Staff recommends the Board approve a loan not to exceed $190,890 ($189,000 for project costs and <br /> $1,890 for the 1% Loan Service Fee) to the Upper Platte and Beaver Canal Company for costs associated <br /> with design and construction of the Hospital Road Recharge Facility and Bridge Widening Project from <br /> the Construction Fund. The loan terms shall be 10 years at a blended interest rate of 1.75% per <br /> annum. Security for the loan shall be in compliance with CWCB Financial Policy#5. <br /> Interstate Compact Compliance • Watershed Protection • Flood Planning Ex Mitigation • Stream Et Lake Protection <br /> Water Project Loans 8 Grants • Water Modeling • Conservation Et Drought Planning • Water Supply Planning ' �' <br />