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Last modified
8/16/2009 2:51:29 PM
Creation date
10/4/2006 6:39:57 AM
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Board Meetings
Board Meeting Date
7/28/2003
Description
CF Section - Changes to Existing Loans - Weld County Tri-Area Sanitation District Regional Stormwater Detention Pond Project
Board Meetings - Doc Type
Memo
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<br /> <br />., <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />I" <br /> <br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: (303) 866-4474 <br /> <br />Q <br /> <br />Memorandum <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Dan McAuliffe <br />CWCB Director <br />(Acting) <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />FROM: <br /> <br />Tim Feehan, P.E., Project Manag~~ <br />Mike Serlet, P.E., Ch~r SupPfy1[anning and Finance Section <br /> <br />. July 14, 2003 <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Agenda Item No. 20a, July 28-30, 2003, Board Meeting <br />Water Supply, Planning and Finance - Changes to Existing Loans <br />Weld County Tri-Area Sanitation District . <br />Regional Stormwater Detention Pond Project <br /> <br />INTRODUCTION <br /> <br />The Weld County Tri-Area Sanitation District (District) is requesting an increase of <br />$502,400 to the District's 2000 authorization of $1,500,000 for the Tri-Area Regional <br />Stormwater Detention Pond Project. The requested loan increase is due to cost overruns <br />incurred during design and construction of the project and for costs associated with finalizing the <br />Letter of Map Revision to be submitted to the Federal Emergency Management Agency (FEMA) <br />for approval and revision ofthe area floodplain. <br /> <br />BACKGROUND <br /> <br />At the January 2000 board meeting, the Colorado Water Conservation Board (CWCB) <br />approved a loan to the District in the amount of $730,000, from the Severance Tax Trust Fund <br />Perpetual Base Account. At the March 2000 board meeting, CWCB approved an additional loan to <br />the District in the amount of $770,000 from the Severance Tax Trust Fund Perpetual Base Account. <br />The total $1,500,000 loan authorization by the CWCB in 2000 was for the design and construction <br />of a regional stormwater detention pond to mitigate flooding problems within the District's service <br />area. <br /> <br />The District is located in southern Weld County encompassing the towns of Frederick, <br />Firestone, Dacono, and the unincorporated community of Evanston. These communities lie within <br />what is referred as the Tri-Town Drainage Basin, which encompasses approximately 1,600 acres. <br />Prior to the construction of a regional detention facility no significant upstream detention ponds <br />existed or an adequate conveyance facility to carry the stormwater flows through these <br /> <br />I <br />
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