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<br />) <br />"". <br />. <br /> <br />STATE OF COLORADO <br /> <br />e <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phon" (303) 866,3441 <br />FAX' (303) 866-4474 <br /> <br />~ <br /> <br />MEMORANDUM <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br />~eter H. Evans <br />eWeB Director <br />Bill Green, P.E., Water Supply Planning and Finance Section <br />Larry Lang, P.E., Chief, Flood Protection Section Dan McAuliffe <br />M'k SIP E Ch' S I PI' d' S' Deputy DIrector <br />leer et, .., lef, Water upp y anmng an Fmance ecV <br /> <br />March 7, 2000 <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Agenda Item 15 c., March 20 - 21, 2000 Board Meeting - Water <br />Supply Planning and Finance - Severance Tax Trust Fund Perpetual <br />Base Account - New Loans - Weld County Tri-Area Sanitation <br />District - Storm Drainage Project <br /> <br />tit Introduction <br /> <br />The Weld County Tri-Area Sanitation District (District) of Frederick, acting by and <br />through its Stormwater Enterprise Fund, is applying for an additional loan of $770,000 <br />from the Severance Tax Trust Fund for the purpose of constructing a regional detention <br />pond to alleviate flooding problems in the District's service area. Please see the attached <br />project summary and map <br /> <br />Backl!round <br /> <br />The purpose of the proposed regional detention pond project is to reduce the peak historic <br />flows in the main drainageway downstream of the pond and thereby reduce the extent of <br />flooding in the towns of Firestone and Frederick and the unincorporated community of <br />Evanston. The three communities have experienced severe flooding problems over the <br />years due to storm water runoff from the surrounding area. <br /> <br />The total cost of the project is estimated at about $2.0 million. The District intends to <br />undertake and complete construction in 200 I, <br /> <br />e <br /> <br />This project was presented at the January 26, 2000 Board meeting and the Board <br />recommended a Severance Tax Trust Fund loan of $730,000 to the WCT ASD for the <br />proposed project with certain conditions (January Agenda Item No. 10 c.). The loan was <br />approved for a term 000 years at 5.00 percent. <br />