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CT2015-104 Contract
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CT2015-104 Contract
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Last modified
11/25/2014 9:58:08 AM
Creation date
11/24/2014 11:11:52 AM
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Loan Projects
Contract/PO #
CT2015-104
C150408B
Contractor Name
Cottonwood Water and Sanitation District
Contract Type
Loan
Water District
8
County
Douglas
Arapahoe
Loan Projects - Doc Type
Contract Documents
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Project Summary — Cottonwood Water and Sanitation District <br /> Acting by and Through its Cottonwood Water Enterprise <br /> Contract No. C150408B <br /> SECTION 1 —BORROWER INFORMATION <br /> Name: Cottonwood Water and Sanitation District acting by and <br /> through its Cottonwood Water Enterprise <br /> Type of Entity: The Cottonwood Water and Sanitation District is <br /> a Colorado Title 32 Special District formed pursuant to <br /> and governed by Title 32, Article 1, C.R.S. The <br /> Cottonwood Water Enterprise is operated and <br /> maintained pursuant to Article 45.1, Title 37, C.R.S. and <br /> was formed and is operated as an enterprise within the <br /> meaning of Colorado Const. Art. X, Section 20. <br /> Address: 2 Inverness Drive East, #200, Englewood, CO 80112 <br /> Contact: Patrick Mulhern, General Manager <br /> Phone Number: 303-649-9857 <br /> E-mail address: pat @mulhernmre.com <br /> SECTION 2—PROJECT DESCRIPTION <br /> A. Description of PROJECT: This loan contract, to be used for the District's participation <br /> in the Water Infrastructure and Supply Efficiency Project (WISE) to reduce the <br /> District's dependence on non-renewable water sources, and specific to the DIA <br /> Connection is defined as the "PROJECT". The DIA Connection project component, a <br /> 24-inch 6 mile pipeline interconnection between Denver Water's treated distribution <br /> system near DIA and Aurora's Prairie Waters pipeline, will provide blend water <br /> deliveries for the WISE Authority members. Denver Water will own and operate the <br /> DIA Connection.The District's total participation cost is estimated to be $4,960,000. <br /> The CWCB approved a total loan amount not to exceed $4,508,640, for the District's <br /> participation cost of WISE, the loan amount for this contract, for the DIA Connection, <br /> is $363,600 which includes a one percent (1%) loan service fee of$3,600. <br /> B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report <br /> dated October 23, 2013 on the PROJECT, titled "Water Infrastructure and Supply <br /> Efficiency Project Loan Feasibility Study,"which was prepared by Black &Veatch, on <br /> behalf of the WISE Authority. This study includes an alternative analysis, conceptual <br /> design descriptions, exhibits, cost estimates, and financial statements audited by <br /> Haynie & Company, CPA. Additional clarification and information was provided by <br /> Eric Hecox and Rick Marsicek, P.E. of South Metro Wate r Supply Authority. B as ed <br /> upon the feasibility report, the CWCB determined the PROJECT to be technically and <br /> p ty p Y <br /> financially feasible. <br /> Appendix 1 to Loan Contract C150408B <br /> Page 1 of 4 <br />
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