My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
C-150291 PIF
CWCB
>
Loan Projects
>
DayForward
>
7001-8000
>
C-150291 PIF
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/20/2019 2:42:04 PM
Creation date
6/20/2019 2:41:51 PM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C--150291
Contractor Name
Riverside Reservoir and Land Company
Contract Type
Loan
Loan Projects - Doc Type
Contract Documents
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
30
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
Project Summary — The Riverside Reservoir and Land Company — <br /> Contract No. C150291 <br /> SECTION 1 —BORROWER INFORMATION <br /> Name: The Riverside Reservoir and Land Company <br /> Address: 221 E. Kiowa Avenue, Fort Morgan, CO 80701 <br /> Contact: Don Chapman <br /> Phone Number: 970-867-6586 <br /> E-mail address: noworries@twol.com <br /> Type of Entity: a Colorado nonprofit corporation <br /> Section 2 — Project Description <br /> A. Description of PROJECT: The BORROWER applied to the CWCB for a loan to be <br /> used for the construction of the Spillway Project, located in Weld County, <br /> hereinafter referred to as the PROJECT, at an estimated total cost of $3,120,000. <br /> B. Description of Feasibility Study: The CWCB has reviewed a feasibility study report <br /> on the PROJECT titled "Feasibility of the Construction of the Riverside Reservoir <br /> Emergency Spillway, March 2009" compiled by James Ferentchak, P.E., which is <br /> incorporated herein by reference, and, based upon the feasibility report, the CWCB <br /> determined the PROJECT to be technically and financially feasible. <br /> SECTION 3—CWCB's AUTHORITY <br /> Severance Tax Trust Fund Perpetual Base Account: This loan is made pursuant to <br /> the provisions of §§ 39-29-109(1)(a)(I), 37-60-119 and 37-60-120, C.R.S., which <br /> authorize the CWCB to loan money for water projects from the CWCB Severance Tax <br /> Trust Fund Perpetual Base Account for the benefit of the people of the state, provided <br /> that the borrower assures repayment of that money. <br /> Small Project Loan: This loan is made pursuant to the provisions of§§ 37-60-119 and <br /> 37-60-120, C.R.S., which authorizes the CWCB to loan money for water projects for the <br /> benefit of the people of the State, provided that the borrower assures repayment of that <br /> money. <br /> Section 37-60-122(1)(b) C.R.S., authorizes the CWWAigalv loans of up to <br /> $10,000,000 from the CWCB's Construction Fund andr f x Trust <br /> Fund Perpetual Base Account Fund without prior approval from to Mneral <br /> Assembly. <br /> SECTION 4 - BOARD APPROVAL <br /> At its May 2009 meeting, the CWCB approved a Small Project Loan from the Severance <br /> Tax Trust Fund Perpetual Base Account to the BORROWER in an amount up to $2,810,000 <br /> for PROJECT costs, not to exceed 90% of the cost of the PROJECT, with a loan origination fee <br /> of 1% in accordance with CWCB Policy No. 16, at an interest rate of 2.5% per annum for a <br /> repayment term of 30 years. <br /> SECTION 5—SCHEDULE OF EXISTING DEBT <br /> Appendix 1 to Loan Contract C150291 <br /> Page 1 of 4 <br />
The URL can be used to link to this page
Your browser does not support the video tag.