BOARD00995

• Board Meeting Date: 11/23/1998
• Description: CF Section - Changes in Existing Loans - City of Sterling - Pawnee Creek Flood Control Project
• Board Meetings - Doc Type: Memo

Table 1
Estimated Total Project Costs

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ProjectComponellfFi",j:"'i'<" ',.,:',,: . .. ....... .".'L Estimated Cost ($) :
Improvements at Cemetery including channels, floodwalls, 2,398,000
levee sections, road modifications, and box culverts
Improvements at Pawnee Creek including highway and 467,000
railroad bridges modifications and downstream channels
Atwood Overflow Improvements 284,000
Land Acquisition 65,000
Total $3,214,000

PROJECT SPONSOR
A description of the project sponsor is summarized in the table below:

Table 2
Summary of Project Sponsor
City of Sterling, Colorado

City Manager Randall Gustafson
City Office Sterling, Colorado
Type of Organization Municipality
Articles of incorporation Created by State Statute,
1884
City's Retail Service Area Population 50,000
Estimated City Population 11,366
1990 Median Household Income $20,189
Total Liabilities - Long term None
1998 Revenues - Projected - (two -tenth of one percent sales tax
for drainage and flood control projects) $383,000
1997 Revenues (two-tenth of one percent sales tax for drainage and $283,619
flood control projects)

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