Laserfiche WebLink
<br />Construction Fund Bill <br />HB 95-1155 <br />January 17, 1994 <br /> <br />e <br /> <br />o Town of Silt: The town, located in Garfield County, has requested a $400,000 loan to build a raw <br />water irrigation system for lawns and gardens. The total cost for the project has been estimated <br />at $600,000. The project will reduce the demand on their potable water system and help the town <br />stay in compliance with the federal Clean Water Act. Tlie town voted to approve a 1 % use tax <br />to fund operation and debt service of the project. <br /> <br />o Town of Morrison: The town, located in Jefferson County, has requested a $504,000 loan for <br />the first of a two phase project to replace the entire raw water system. Phase 1 will replace their <br />existing diversion structure on Bear Creek and construct a 1,740 foot long raw water transmission <br />line. The total estimated cost for phase I is $627,000. The existing diversion is in poor condition <br />and is vulnerable to danrage during floods. The existing transmission line is prone to freezing in <br />the winter and susceptible to rock slides. . <br /> <br />o <br /> <br />Town of Elizabeth: The town, located in Elbert County, has requested a $437,250 loan to <br />refinance the drilling of a new 175 gpm municipal well in the Arapalroe Aquifer. The total project <br />cost is estimated at $583,000. The town is also pursuing a $250,000 grant from Local Affairs. <br />The town's two existing wells in the Lower Dawson Aquifer are not adequate to meet the town's <br />current or future needs. The town plans to obtain short term financing from a local bank and drill <br />the well this spring. <br /> <br />e <br /> <br />It is noted in the bill that projects for the Morgan County Quality Water District, the City of Fort <br />Lupton, and the towns of Paonia, Palisade, Silt, Morrison, and Elizabeth must be considered by the <br />Colorado Water Resource and Power Development Authority for bond financing before obtaining funds <br />from the CWCB loan program. <br /> <br />It is further noted that loans to Hay-Bretherton Ditch Company, Morgan County Quality Water <br />District, City of Fort Lupton, Town of Palisade, Castle Pines North Metro District, and the Town of <br />Elizabeth are to refinance projects that may be partially or wholly completed. Any such loans would be <br />further conditioned upon acceptance of the work by the Board. <br /> <br />e <br /> <br />4 <br />