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CT2017-2880 Approval Letter
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CT2017-2880 Approval Letter
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Last modified
6/20/2017 12:01:56 PM
Creation date
11/18/2016 11:23:47 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
CT2017-2880
Contractor Name
Firestone, Town of
Contract Type
Loan
Loan Projects - Doc Type
Approval Letter
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* oy c o L o R A D o Storage Development and <br /> co <br /> Colorado Water <br /> Conservation Board Water Rights Purchase <br /> Jo'ail Rescurc 5 Town of Firestone <br /> November 2016 Board Meeting <br /> LOAN DETAILS Project Cost: $10,043,150114,1,1. til - <br /> CWCB Loan (with Service Fee): $10,000,000 ._ t <br /> Loan Term and Interest Rate: 20 Years @ 2.35% 0111rr <br /> `moi/ c <br /> Funding Source: Construction Fund I <br /> B 0 R _g O. W E R TYPE VA <br /> Agriculture Municipal Commercial ,1411101'A0% 0% Low - 0%Mid - 100% High 0% <br /> Npile <br /> P R O J E C T ' D E T A I L S3 <br /> Project Type: Storage and Water Rights Purchase 7 P <br /> Average Annual Delivery: 2442 AF <br /> Storage Created: 1092 AF (5 liiVe <br /> LOC A TION <br /> The Town of Firestone's boundary encompasses County: Weld <br /> approximately 9,089 acres and is generally located east Water Source: St. Vrain River / <br /> of Interstate 25 between Highway 66 and Highway 52. Boulder Creek <br /> The Town of Firestone provides water and wastewater Drainage Basin: South Platte River <br /> services to approximately 12,110 residents and operates a Division: 1 District: 2 <br /> water distribution network of approximately 58.5 miles of <br /> pipeline and associated facilities. The purpose of this <br /> project is to provide a water storage project to help meet the Town's current and future non-potable <br /> water needs. For planning purposes, the Town is pursuing a little over two times the demand, or 2,000 <br /> acre-feet of non-potable storage for the Town. As a short-term water supply goal, the Town is <br /> requesting funds to Purchase the Carbon Valley Resource Pit and acquire 1,092 acre-feet as part of this <br /> project. <br /> el r 4 i 4 , ''''r . <br /> 1 1 , , li air kits, 4 ..,,,,....iiir..1 0 . 4.,„ § 2 to .. ,ft <br /> , - ! , r;r4 La!' ' '.'* ."!T ligkil :I ' : ---..44:#'11'V ' op' <br /> R 1&P''' ,, ,.J*xr" T+• t 4}- SSS y. a V* <br /> . <br /> !� <br /> T <br /> '. tI. 5. ! ai. n --;11r: <br /> t <br /> r <br /> 1f � <br /> M ri+ i ._ — Frt,--stone Blvd �t� f + WCR-24 <br /> 14� ♦ M1 r..''�f( " tr i- :41 c i �i <br /> ;� r II • , ' . '"` •• "i ± "' Carbon Valley Pit <br /> , , , , <br /> �+vti j r .+' ... 1 ,,,.. <br /> -x,,, •ice' ..#. . <br /> lc <br /> I yea{ . ` N ? i <br /> Sab'e-Ave--Ei _ y <br /> w(it_ ;ill IF r° Ip <br /> Water Project Loan Program - Project Data Sheet <br />
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