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Project Summary — Parkville Water District <br /> SECTION 1 —BORROWER INFORMATION <br /> Name: Parkville Water District <br /> Type of Entity: Title 32 Colorado Special District <br /> Address: 2015 N. Poplar St., Leadville, Colorado, 80461 <br /> Contact: Greg Teter, General Manager <br /> Phone Number: 719-486-1449 <br /> E-mail address: gteter@parkvillewater.org <br /> SECTION 2—PROJECT DESCRIPTION <br /> A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be used for <br /> the Evans Reservoir Bypass Flume Replacement ("PROJECT") to rehabilitate the Evans <br /> Reservoir Bypass Flume, which has reached the end of its useful life. The total estimated <br /> project cost is $533,430 and is Lake County. <br /> B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report dated <br /> August 2015 on the PROJECT, titled "Feasibility Study — Evans Reservoir Bypass Flume <br /> Replacement,"which was prepared by Elise Bergsten of Balanced Management Services <br /> Co. Technical support was provided by Steven Maly, P.E. of W.W. Wheeler and <br /> Associates, Inc., and is incorporated herein by this reference. Based upon the feasibility <br /> report, the CWCB determined the PROJECT to be 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§§ 39- <br /> 29-109(1)(a)(I), 37-60-119 and 37-60-120, C.R.S., which authorize the CWCB to loan money <br /> for water projects from the CWCB Severance Tax Perpetual Base Fund for the benefit of the <br /> people of the state, provided that the 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 Severance Tax Perpetual Base Fund without prior approval from the General <br /> Assembly. <br /> SECTION 4-BOARD APPROVAL <br /> At its September, 2015 meeting the CWCB approved a Small Project Loan, from the <br /> Severance Tax Perpetual Base Fund to the BORROWER, in an amount up to $180,000 for <br /> PROJECT costs. CWCB's loan origination fee of 1%, in accordance with CWCB Policy No. 16, <br /> of $1,800 and added to the LOAN CONTRACT, results in a total loan amount of $181,800, at an <br /> interest rate of 1.95% per annum for a repayment term of 10 years. <br /> SECTION 5—SCHEDULE OF EXISTING BONDS <br /> As of the date of the CWCB loan approval, the BORROWER has an existing loan with <br /> the Colorado Water Conservation Board, Contract No. (C150308), in the original <br /> amount of $1,026,371 with annual payments of $59,355. The loan has an <br /> estimated maturity date of 2043 and is in good standing. <br /> Appendix 1 <br /> Page 1 of 3 <br />