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CT2016-2060 Contract
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CT2016-2060 Contract
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Last modified
10/28/2015 12:26:21 PM
Creation date
10/27/2015 2:40:15 PM
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Loan Projects
Contract/PO #
CT2016-2060
C150407C
Contractor Name
Central Colorado Water Conservancy District
Contract Type
Loan
County
Weld
Loan Projects - Doc Type
Contract Documents
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Project Summary — Central Colorado Water Conservancy District <br /> Contract Number CT2016- 2060 (C150407C) <br /> SECTION 1 —BORROWER INFORMATION <br /> Name: Central Colorado Water Conservancy District <br /> Type of Entity: A Colorado Title 37 Water Conservancy District <br /> Address: 3209 W. 28th Street, Greeley, Colorado, 80634 <br /> Contact: Danyelle McCannon <br /> Phone Number: 970-330-4540 <br /> E-mail address: dmccannon @ccwcd.org <br /> SECTION 2—PROJECT DESCRIPTION <br /> A. Description of PROJECT: This LOAN CONTRACT is to be used for the District's <br /> participation in the Chatfield Reallocation Project, specific to "off-site" <br /> "compensatory mitigation features" and "monitoring" as defined in the Agreement <br /> Between the Department of the Army and the Colorado Department of Natural <br /> Resources for Reallocation of Water Storage Space, Recreation Modifications, <br /> and Compensatory Mitigation Features at the Chatfield Dam and Reservoir, <br /> Colorado dated October 9, 2014, incorporated herein by reference is defined as <br /> the "PROJECT." The District's total participation cost is estimated to be $28,170,000. <br /> On May 22, 2014 the CWCB approved a total loan amount not to exceed <br /> 28,451,700 for the District's participation cost of the Chatfield Reallocation Project, <br /> to improve the operation of the District's augmentation plan. The loan amount, for <br /> this CONTRACT, for these PROJECT activities, is $7,000,310 which includes a one <br /> percent (1%) loan service fee of$69,310 at an interest rate of 1.75% for 30 years. <br /> B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report <br /> dated March 2014, on the PROJECT, titled "Central Colorado Water Conservancy <br /> District Participation in the Chatfield Reallocation Project"which was prepared by <br /> Ed Armbruster, P.E., with White Sands Water Engineers, Inc. and includes an <br /> alternative analysis, cost estimates, and financial statements. The feasibility study <br /> relies on the FR/EIS prepared by the Corps, and the Fish, Wildlife and <br /> Recreation Mitigation Plan (FWRMP) prepared by the Reallocation Participants <br /> in accordance with C.R.S. 37-60-122.2. Based upon the feasibility report, <br /> incorporated herein by reference, the CWCB determined the PROJECT to be <br /> technically and financially feasible. <br /> SECTION 3—CWCB's AUTHORITY <br /> Severance Tax Perpetual Base Fund: This loan is made pursuant to the provisions of <br /> §§ 39-29-109(1)(a)(I), 37-60-119 and 37-60-120, C.R.S., which authorize the CWCB to <br /> loan money for water projects from the Severance Tax Perpetual Base Fund for the <br /> Appendix 1 <br /> Page 1 of 4 <br />
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