CT2017-904 Approval Letter

• Contract/PO #: CT2017-904
• Contractor Name: Julesburg Irrigation District
• Contract Type: Loan
• Loan Projects - Doc Type: Approval Letter

DNR COLORADO 1313 Sherman Street John Hickenlooper, Governor
Denver, CO 80203
CO j Colorado Water Robert Randall, Interim DNR
Conservation Board P [phone] Executive Director
Department of Natural Resources F(303)866-4474
James Eklund, CWCB Director
TO: Colorado Water Conservation Board Members
FROM: Derek Johnson, P.E., Project Manager DWI
Kirk Russell, P.E., Finance Section Chief
DATE: May 18-19, 2016 Board Meeting (Updated May 20, 2016)
AGENDA ITEM: 21c. Water Project Loans
Julesburg Irrigation District
Reconstruction of the Harmony No.1 Measurement Structure
Introduction
The Julesburg Irrigation District (District) is applying for a loan for the Reconstruction of the Harmony
No.1 Measurement Structure (Project). The purpose of the Project is to reconstruct an existing
structurally damaged 20-foot Parshall flume to avoid future failure. The District plans to remove the
existing structure, and to construct the new replacement structure upstream, prior to the 2017 reservoir
fill season. The estimated cost of the Project is $224,000. The District is requesting a loan from the
CWCB to cover 90% of Project Costs; remaining costs are to be covered by District funds. See attached
Project Data Sheet for the location map and Project Summary.
Staff Recommendation (Board approved Staff Recommendation on May 18, 2016 as modified below)
Staff recommends the Board approve a loan not to exceed $203,616 ($201,600 for Project costs and
$2,016 for the 1% Loan Service Fee) to the Julesburg Irrigation District for the Reconstruction of the
Harmony No.1 Measurement Structure Project from the Severance Tax Perpetual Base Fund Construction
Fund. The loan terms shall be 30 years at the agricultural rate of 1.70% per annum. Security for the
loan shall be in compliance with CWCB Financial Policy#5.
Interstate Compact Compliance •Watershed Protection • Flood Planning a Mitigation • Stream Et Lake Protection '' 0,
Water Project Loans 8 Grants•Water Modeling• Conservation 8 Drought Planning •Water Supply Planning *;
*187b