CT2016-2056 Contract

• Contract/PO #: CT2016-2056
• Contractor Name: Centennial Water and Sanitation District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

Project Summary — Centennial Water and Sanitation District
Contract Number CT2016-2056 (C150405C)
SECTION 1 —BORROWER INFORMATION
Name: Centennial Water and Sanitation District
Type of Entity: A Colorado Title 32 Special District
Address: 62 West Plaza Drive, Highlands Ranch, CO 80129
Contact: Bruce Lebsack
Phone Number: 303-791-0430
E-mail address: blebsack @highlandranch.org
SECTION 2—PROJECT DESCRIPTION
A. Description of PROJECT: This CONTRACT is to be used for the District's
participation in the Chatfield Reallocation Project, specific to "off-site"
"compensatory mitigation features" and "monitoring" as defined in the Agreement
Between the Department of the Army and the Colorado Department of Natural
Resources for Reallocation of Water Storage Space, Recreation Modifications,
and Compensatory Mitigation Features at the Chatfield Dam and Reservoir,
Colorado dated October 9, 2014, incorporated herein by reference is defined as
the "PROJECT." The District's total participation cost is estimated to be $48,888,000.
On May 22, 2014 the CWCB approved a total loan amount not to exceed
$44,440,000 for the District's participation cost of the Chatfield Reallocation
Project. The loan amount, for this CONTRACT, for these PROJECT activities, is
$10,934,260, which includes a one percent (1%) loan service fee of $108,260 at
an interest rate of 3.00% for 30 years.
B. Description of Feasibility Study: The CWCB has reviewed a feasibility study
report dated August 2013 on the PROJECT, titled "CWSD Participation in the
Chatfield Reservoir Reallocation Project,"which was prepared by Ryan Edwards,
P.E. District Project Manager with support from Bruce Lebsack, District Finance
Director, and Rick McLoud, District of Water Resources Manager and includes an
alternative analysis, cost estimates, and financial statements. The feasibility study
relies on the FR/EIS prepared by the Corps, and the Fish, Wildlife and
Recreation Mitigation Plan (FWRMP) prepared by the Reallocation Participants
in accordance with C.R.S. 37-60-122.2. Based upon the feasibility report,
incorporated herein by reference, the CWCB determined the PROJECT to be
technically and financially feasible.
SECTION 3—CWCB's AUTHORITY
Severance Tax Perpetual Base Fund: This loan is made pursuant to the provisions of
§§ 39-29-109(1)(a)(I), 37-60-119 and 37-60-120, C.R.S., which authorize the CWCB to
loan money for water projects from the Severance Tax Perpetual Base Fund for the
benefit of the people of the state, provided that the BORROWER assures repayment of that
Appendix 1
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