CT2017-3213 Contract

• Contract/PO #: CT2017-3213
• Contractor Name: St. Vrain & Left Hand Water Conservancy District
• Contract Type: Loan
• Loan Projects - Doc Type: Contract Documents

PROJECT SUMMARY— ST. VRAIN AND LEFT HAND WATER
CONSERVANCY DISTRICT
LOAN CONTRACT NO. CT2017-3213
SECTION 1-BORROWER INFORMATION
Name: St. Wain and Left Hand Water Conservancy District
Type of Entity: A Colorado Title 37 Water Conservancy District, acting by and
through its water activity enterprise
Address: 9595 Nelson Road, Suite 203, Longmont, CO 80501
Contact: Sean Cronin, Executive Director
Phone Number: 303-772-4o6o
E-mail address: [e-mail]
SECTION 2.-PROJECT DESCRIPTION
A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be used
for the Lake 4 Outlet Pipeline Repair (PROJECT), located in Boulder County, at a total
estimated project cost of $911,750.00. The purpose of the PROJECT is to fix leaks in
Lake 4's outlet pipeline.
B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report,
on the PROJECT, dated November 2o16 titled "Lake 4 Outlet Pipeline Repair, Feasibility
Study" which was prepared by Mark McLean, P.E., with Deere & Ault Consultants,
Inc. and is incorporated herein by this reference. Based upon the feasibility report, the
CWCB determined the PROJECT to be technically and financially feasible.
SECTION 3-CWCB'S AUTHORITY
Construction Fund: This loan is made pursuant to the provisions of§§37-6o-ug and
37-60-120, C.R.S., which authorizes the CWCB to loan money for water projects from
the CWCB Construction Fund for the benefit of the people of the state, provided that
the BORROWER assures repayment of that money.
Section 37-60-122(1)(b) C.R.S., authorizes the CWCB to make loans of up to
$10,000,000 from the CWCB's Construction Fund without prior approval from the
General Assembly.
SECTION 4.-BOARD APPROVAL
At its January 23, 2017 meeting the CWCB approved a Project Loan from the
Construction Fund, to the BORROWER, in an amount up to $613,000.00 for PROJECT
Costs. CWCB's LOAN ORIGINATION FEE of 1%in the amount of$6,130.00, in accordance
with CWCB Policy No. 16, added to the BASE LOAN AMOUNT results in a TOTAL LOAN
AMOUNT of$619,130.00, at an interest rate of 2.85%per annum for a repayment term
Of 30 years.
Appendix i
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