BOARD00238 - Laserfiche WebLink

Home Browse Search

MEMORANDUM TO: Colorado Water Conservation Board Members FROM: Bill Green, P.E., Water Supply Planning and Finance Section Mike Serlet, P.E., Chief, Water Supply Planning and Finance Section DATE: January 16, 2001 SUBJECT: Agenda Item 11 a., January 24-25, 2001 Board Meeting - Water Supply Planning and Finance - Severance Tax Trust Fund Perpetual Base Account New Loans - Town of Monument - Monument Dam Rehabilitation Iutroduction The Towu of Monument (the Town), acting by and through its water enterprise fund, is applying for a loan of$2,081,000 from the Severance Tax Trust Fund Perpetual Base Account for the purpose of rehabilitating Monument Lake Dam. Please see the attached project summary and map. Also attached is a letter from Mike Shoback of the Town of Monument. Backl!round Monument Lake is located on Monument Creek on the west side of the Town of Monument in EI Paso County. The reservoir has a capacity of about 300 acre-feet and is used only for recreational purposes. It is not a part of the Town's water supply system. The dam and reservoir were authorized by the General Assembly in 1891 and constructed by the State of Colorado in 1893 for flood control and irrigation storage. In 1937, the General Assembly conveyed title to the 81 acres upon which the dam and reservoir are situated to the Town of Monument. In HB 00-1365, the General Assembly provided that the State of Colorado will convey all right, title and interest it may have in the dam to the Town upon completion of repairs to the satisfaction of the State Engineer. The question of responsibility for the dam between the Town and EI Paso County (the County), however, has not been entirely clear. An intergovernmental agreement (IGA) dated January 5, 2001 between the Town and the County relieves the County of all responsibility for the dam upon completion of the repair work. The IGA also provides for