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<br />project would raise the existing dam crest by 24 feet and provide <br />a new emergency spillway which will pass the probable maximum <br />flood, thereby increasing the raw water storage capacity from <br />3,260 acre-feet to 9,100 acre-feet. It is anticipated that these <br />improvements will satisfy all of the State Engineer's concerns <br />over the safety of the dam and will satisfy Broomfield's raw <br />water storage requirements until the year 2010. <br /> <br />proposed Financing <br /> <br />The total estimated cost of this project is $4,312,000. The <br />proposed financing for the project is as follows: <br /> <br />Tot al <br /> <br />$2,156,000 <br />$2,156,000 <br />$4,312,000 <br /> <br />City of Broomfield funds <br />CWCB Funds (to be repaid. by user charges) <br /> <br />Under this financing arrangement, Broomfield would have to <br />repay the eWCB $125,652 per year for 40 years for a total of <br />$5,026,080. Monthly water uSer charges would not increase if the <br />anticipated growth rate of_5 percent per year occurs because new <br />tap fees would pay for this pI:oject. If no growth occurs, the <br />average monthly increase will be about $6.30 per tap, which would <br />make the nonthly charge about $25.00 per tap. <br /> <br />Recommendation <br /> <br />It is recommended that tne project as described be recom- <br />mended by the Board to the General Assembly for authorization <br />subject to the terms of the pl:oposed financing specified above. <br /> <br />~ <br />