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DNR COLORADO 1313 Sherman Street John Hickenlooper, Governor <br /> 43 Denver, CO 80203 <br /> CO . Colorado Water Mike King, DNR Executive Director <br /> Conservation Board P (303)866-3441 <br /> Department of Natural Resources F(303)866-4474 James Eklund, CWCB Director <br /> TO: Colorado Water Conservation Board Members <br /> FROM: Jonathan Hernandez, P.E., Project Manager <br /> Kirk Russell, P.E., Finance Section Chief <br /> DATE: September 15-17, 2015 Board Meeting (Updated September 18, 2015) <br /> AGENDA ITEM: 22a. Water Project Loans <br /> Brighton Ditch Company- River Breach Repair Project <br /> Introduction <br /> The Brighton Ditch Company (Company) is applying for a loan for the River Breach Repair Project <br /> (Project). Long-term high flows in the South Platte River in May and June 2015 washed out a portion of <br /> the east bank of the river. This redirected the South Platte River away from the Company's headgate. <br /> The purpose of the Project is to restore river flows at the Company's headgate by repairing the breach <br /> in the river. The total Project cost is estimated to be $530,000. The Company is requesting a loan from <br /> CWCB for approximately 90% of the Project Cost. See attached Project Data Sheet for a location map <br /> and Project summary. <br /> Staff Recommendation (Board approved Staff Recommendation on September 17, 2015) <br /> Staff recommends the Board approve a loan not to exceed $481,770 ($477,000 for Project costs and <br /> $4,770 for the 1% service fee) to the Brighton Ditch Company for costs related to the River Breach <br /> Repair Project from the Construction Fund. The loan terms shall be 30 years at a blended interest rate <br /> of 2.55% per annum. Security for the loan shall be in compliance with CWCB Financial Policy#5. <br /> of Coto <br /> aw �� <br /> Interstate Compact Compliance •Watershed Protection • Flood Planning Et Mitigation • Stream 8 Lake Protection 7� <br /> Water Project Loans Et Grants •Water Modeling• Conservation Et Drought Planning •Water Supply Planning * � <br /> */876 %.. <br />