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Project Summary <br /> Plum Valley Heights Subdistrict <br /> of the Roxborough Water and Sanitation District <br /> SECTION 1 -BORROWER INFORMATION <br /> Name: Plum Valley Heights Subdistrict of the Roxborough Water and <br /> Sanitation District <br /> Type of Entity: A Subdistrict formed under Title 32 of the Colorado Revised <br /> Statues <br /> Address: 6222 N. Roxborough Park Road, Littleton, Colorado, 80125 <br /> Contact: Larry Moore <br /> Phone Number: 303-979-7286 <br /> E-mail address: larry@roxwater.org <br /> SECTION 2—PROJECT DESCRIPTION <br /> A. Description of PROJECT: The BORROWER applied to the CWCB for a loan for the Raw <br /> Water Supply Project("PROJECT")to obtain a renewable water supply as part of the overall <br /> effort to tie the Subdistrict into the Roxborough Water and Sanitation District water <br /> infrastructure in order to allow the SUBDISTRICT to provide its customers with a renewable <br /> municipal water supply and allow the customers to discontinue their current use of private <br /> wells and non-renewable water. The PROJECT is located in Douglas County at an <br /> estimated PROJECT COST of$2,473,605. <br /> B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report dated <br /> March 2015 on the PROJECT, titled "Plum Valley Heights Subdistrict of the Roxborough <br /> Water and Sanitation District-Loan Feasibility Study,"which was prepared by Bill Goetz, <br /> P.E. of TST Infrastructure, LLC, and is incorporated herein by this reference. Based upon <br /> the feasibility report, the CWCB determined the PROJECT to be technically and financially <br /> feasible. <br /> SECTION 3—CWCB's AUTHORITY <br /> Construction Fund: This loan is made pursuant to the provisions of §§37-60-119 and <br /> 37-60-120, C.R.S., which authorize the CWCB to loan money for water projects from the <br /> CWCB Construction Fund for the benefit of the people of the state, provided that the <br /> BORROWER assures repayment of that money. <br /> Section 37-60-122(1)(b), C.R.S., authorizes the CWCB to make loans of up to $10,000,000 <br /> from the CWCB's Construction Fund without prior approval from the General Assembly. <br /> SECTION 4-BOARD APPROVAL <br /> At its May 21, 2015, meeting the CWCB approved a Small Project Loan, from the <br /> Construction Fund to the BORROWER, in an amount up to $2,226,000 for PROJECT costs. <br /> CWCB's loan origination fee of 1%, in accordance with CWCB Policy No. 16, of $22,260 <br /> added to the LOAN CONTRACT results in a total loan amount of $2,248,260, at an interest rate <br /> of 3.05% per annum for a repayment term of 30 years. <br /> Appendix 1 <br /> Page 1 of 3 <br />