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C150081 Paid in Full Documents
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C150081 Paid in Full Documents
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Last modified
12/15/2017 12:14:43 PM
Creation date
12/15/2017 12:14:28 PM
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Loan Projects
Contract/PO #
C150081
Contractor Name
City of Victor
Contract Type
Loan
Loan Projects - Doc Type
Repayment Information
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PROJECT SUMMARY: CITY OF VICTOR, CONTRACT NUMBER C150081 <br /> Section 1 — Project Information <br /> A. Borrower info <br /> Name: City of Victor, acting by and through the City of Victor, Colorado Water <br /> and Wastewater Enterprise <br /> Address: 500 Victor Avenue, P.O. Box 86, Victor, CO 80860 <br /> Phone Number: (719) 689-2703 <br /> Type of Entity: Duly constituted statutory city located in Teller County, Colorado, acting <br /> by and through its water and sewer enterprise formed pursuant to <br /> C.R.S. 37-45.1-101 et seq. <br /> B. Description of Project: Minor enlargement, stabilization and reconstruction of the dam, <br /> outlet works, measuring devices and spillway for Victor Reservoir No. 2, a municipal and <br /> industrial water storage facility owned and operated by the City of Victor including access to <br /> and from site, and other necessary and desirable activities ancillary thereto. <br /> C. Description of Feasibility Study: "Victor Reservoir No. 2 Dam Rehabilitation Project" <br /> compiled by Icon Engineering. <br /> SECTION 2 — SCHEDULE OF EXISTING DEBT <br /> Lienholder Contract Original Amount Term of Priority <br /> Date Repayment <br /> United States of America <br /> (USDA Rural Development for 11/23/94 $1,000,000.00 40 years Parity <br /> Sewer Revenue Bond <br /> A May 9, 2001 letter from Leroy Cruz, Director of Community and Business Programs for United <br /> States Department of Agriculture, Rural Development, evidencing the United States' consent to <br /> parity status of the lien created by Loan Contract C150081 with the United States' lien, is attached <br /> hereto. <br /> Section 3 — Collateral = <br /> Collateral. Part of the security provided for this loan, as evidenced by the executed Security <br /> Agreement attached as Appendix 4 and incorporated herein, Shallby an undivided one hundred <br /> percent (100%) interest in pledge of water system revenues as set fdrth in theSecurity Agreement. <br /> SECTION 4 — DISBURSEMENT SCHEDULE <br /> The BORROWER shall prepare a periodic progress report which contains a statement of the <br /> PROJECT costs expended for that period and shall forward said statement to the CWCB. After <br /> receipt of the periodic progress report from the BORROWER, and review and acceptance of the <br /> items therein as eligible expenses as described below, the CWCB will pay to the BORROWER the <br /> Appendix 1 to Loan Contract C150081 <br />
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