Board Meeting July 2014 Agenda Item 23a

• Board Meeting Date: 7/2/2014
• Description: Upper Platte & Beaver Canal Company Hospital Road Recharge Facility and Bridge Widening Project
• Board Meetings - Doc Type: Agenda

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D N R C 0 L 0 e t e , Jo n Hickenlooper, Governor
:1
CO , Colorado Water )NR Executive Director
Conservation Board P(303) - •-
Department of Natural Resources F(303) 866-,• • irector
TO Colorado Water Conservation Board Members
FROM: Derek Johnson, P.E., Project Manager
Kirk Russell, P.E., Chief
DATE: July 2, 2014
AGENDA ITEM: Agenda Item 23a, July 16-17, 2014 Board Meeting
Finance - Water Project Loan
Upper Platte £r Beaver Canal Company - Hospital Road Recharge Facility and Bridge
Widening Project
Introduction
The Upper Platte and Beaver Canal Company (Company) is applying for a loan for the construction of
an augmentation pond to better meet retiming of return flows to the South Platte River and the
widening of an existing bridge at its main diversion facilities on the Platte River for improved ongoing
maintenance access. The total Project cost is estimated at $210,000.00. The Company is requesting a
loan to cover 90% of the Project cost. See attached Project Data Sheet for a location map and a
project summary.
Staff Recommendation (Board approved staff recommendation on May 22, 2014)
Staff recommends the Board approve a loan not to exceed $190,890 ($189,000_for project costs and
$1,890 for the 1% Loan Service Fee) to the Upper Platte and Beaver Canal Company for costs associated
with design and construction of the Hospital Road Recharge Facility and Bridge Widening Project from
the Construction Fund. The loan terms shall be 10 years at a blended interest rate of 1.75% per
annum. Security for the loan shall be in compliance with CWCB Financial Policy #5.
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Interstate Compact Compliance •Watershed Protection • Flood Planning&Mitigation • Stream &Lake Protection ET -. ;�
Water Project Loans&Grants • Water Modeling • Conservation &Drought Planning •Water Supply Planning `* f o
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