CT2016-2004 Approval Letter

• Contract/PO #: CT2016-2004
• Contractor Name: Parkville Water District
• Contract Type: Grant/Loan Combo
• Loan Projects - Doc Type: Approval Letter

A D N R COLORADO 1313 Sherman Street John Hickenlooper, Governor
414 Denver, CO 80203
CO Colorado Water Mike King, DNR Executive Director
..• Conservation Board P [phone]
Department of Natural Resources F [phone] James Eklund, CWCB Director
TO: Colorado Water Conservation Board Members
FROM: Derek Johnson, P.E., Project Manager
'J
Kirk Russell, P.E., Finance Section Chief
DATE: September 15-17, 2015 Board Meeting (Updated September 18, 2015)
AGENDA ITEM: 23c. CWCB Loan and WSRA Grant
Parkville Water District - Evans Reservoir Bypass Flume Replacement
Introduction
The Parkville Water District (District) is applying for a loan for the construction of the Evans Reservoir
Bypass Flume Replacement (Project). The purpose of the Project is to protect the District's water
supply reservoir by rehabilitating the Evans Reservoir Bypass Flume, which has reached the end of its
useful life. Total Project cost is estimated at $533,430.
In June of 2015, the District was recommended for a $250,000 Statewide Grant and a $50,000 Basin
Grant by the Arkansas Basin Roundtable from the Water Supply Reserve Account (WSRA) which would
cover 56% of Project costs. The District is requesting a loan from the CWCB to cover 34% of Project
costs, and the remaining 10% to be covered by District funds. See attached Project Data Sheet for a
location map and a Project summary.
Staff Recommendation for WSRA Grant (Board approved Staff Recommendation on September 17,
2015)
Staff recommends approval of up to $250,000 from the Statewide Account and $50,000 from the
Arkansas Basin Account to the Parkville Water District to fund the Evans Reservoir Bypass Flume
Replacement project.
Staff Recommendation for CWCB Loan (Board approved Staff Recommendation on September 17,
2015)
Staff recommends the Board approve a loan not to exceed $181,800 ($180,000 for Project costs and
$1,800 for the 1% Loan Service Fee) to the Parkville Water District for the Evans Reservoir Bypass Flume
Replacement project from the Severance Tax Perpetual Base Fund. The loan terms shall be 10 years at
the reduced low-income municipal rate of 1.95% per annum. Security for the loan shall be in
compliance with CWCB Financial Policy#5.
(-of c04
Interstate Compact Compliance • Watershed Protection • Flood Planning Et Mitigation • Stream a Lake Protection w
Water Project Loans Et Grants •Water Modeling • Conservation Et Drought Planning •Water Supply Planning I \*
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