My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
CT2015-1597 Increase Approval Letter
CWCB
>
Loan Projects
>
DayForward
>
5001-6000
>
CT2015-1597 Increase Approval Letter
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/13/2016 8:25:16 AM
Creation date
5/23/2016 2:03:04 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
CT2015-1597
Contractor Name
Oligarchy Irrigation Company
Contract Type
Loan
Loan Projects - Doc Type
Approval Letter
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
6
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
DNR COLORADO 1313 Sherman Street John Hickenlooper, Governor <br /> Denver, CO 80203 <br /> CO Colorado Water Robert Randall, Interim DNR <br /> Conservation Board P (303)866-3441 Executive Director <br /> Department of Natural Resources F(303) 866-4474 <br /> 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 cfr <br /> DATE: May 18-19, 2016 Board Meeting (Updated May 20, 2016) <br /> CONSENT AGENDA ITEM: 5a- Change to Existing Loans <br /> Oligarchy Irrigation Company - Dam Outlet Works Rehabilitation <br /> Guidance <br /> At the May 2005 Board Meeting, the Board authorized staff to present as Consent Agenda items <br /> increases to existing loans that are less than 20% of the original loan request. This request is for an <br /> increase of approximately 15% of the original loan amount. <br /> Introduction <br /> The Oligarchy Irrigation Company (Company) received approval of a $781,740 CWCB loan (CT2016-1597) <br /> at the July 2015 Board Meeting to finance the Dam Outlet Works Rehabilitation (Project). The purpose <br /> of the Project is to meet the State Engineer's Office Dam Safety Branch (SEO) requirements by <br /> constructing a new outlet works gate vault, outlet works piping, intake structure, and discharge <br /> structure. The total Project cost was originally estimated at $860,000. After completing final design <br /> and receiving contractor bids, the revised Project cost is estimated at $992,200. The Company is <br /> requesting a loan increase to cover approximately 90% of the revised Project costs. See attached <br /> Project Data Sheet for a location map and Project summary. <br /> Staff Recommendation (Board approved Staff Recommendation on May 18, 2016) <br /> Staff recommends the Board approve a loan increase of $120,190 ($119,000 for Project costs and <br /> $1,190 for the 1% Loan Service Fee), for a total loan not to exceed $901,930 ($893,000 for Project cost <br /> and $8,930 for the 1% Loan Service Fee) to the Oligarchy Irrigation Company for engineering and <br /> construction costs related to the Dam Outlet Works Rehabilitation Project, from the Construction Fund. <br /> The loan terms shall remain 30 years at a blended interest rate of 2.40% per annum. Security for the <br /> loan shall be in compliance with CWCB Financial Policy#5. <br /> (4: <br /> coio <br /> Interstate Compact Compliance •Watershed Protection • Flood Planning a Mitigation • Stream a Lake Protection <br /> Water Project Loans a Grants •Water Modeling • Conservation a Drought Planning • Water Supply Planning 7,4-?,1„ p*1 <br /> j876 <br />
The URL can be used to link to this page
Your browser does not support the video tag.