CT2015-169 Approval Letter

• Contract/PO #: CT2015-169
• Contractor Name: West Reservoir and Ditch Company
• Contract Type: Loan
• Water District: 40
• County: Delta
• Loan Projects - Doc Type: Approval Letter

West Reservoir and Ditch Company Agenda Item 27e
November 19-20,2014 Board Meeting (Updated November 21, 2014)
Page 3 of 4
Alternative 2 - Rehabilitate dam: The project comprises three elements: safely emptying the
reservoir without using the existing damaged outlet pipe, engineering design, and construction.
The Company has already emptied the reservoir using pumps and temporary piping over the
dam. The Company will hire a contractor to excavate through the dam to remove the existing
outlet conduit, construct a new intake structure, place a new outlet works conduit, construct a
new stilling basin, replace the embankment fill, and place upstream riprap slope protection.
The cost of the Project is estimated to be $471,577 as shown in Table 2 below.
TABLE 1: ESTIMATED PROJECT COST
Task Description Amount
Drain Reservoir $ 45,260
Construction $ 428,706
Engineering $ 42,871
Total $ 471,577
CWCB will disburse funds for Project related expenses at a rate of 50% loan to 50% grant for each
invoice amount, up to the approved loan and grant limits.
Schedule: Draining of the reservoir has already been accomplished; upon loan approval, the
engineering design and bidding phase will commence, followed by groundbreaking in spring 2015, and
construction completion targeted for fall of 2015.
Financial Analysis
The Company qualifies for a 2% agricultural interest rate for a 30-year repayment term.
The Company was approved for a grant from the CWCB Water Supply Reserve Account (WSRA) in the
amount of $225,658, contingent upon the approval of this loan application. Grant funds will be used
for the borrower match requirement customary for a CWCB loan. The Company will cover any costs
that exceed the estimated Project cost.