C153742 Feasibility Study - Laserfiche WebLink

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,.(0' \ &~~~ \ 'Y \)j >k < . . It is the recommendation of the project engineer that the 36 inch outlet pipe be lined with a 24 inch steel pipe, grouted in place. The 24 inch pipe will provide the capacity required for safe operation of the reservoir and the BPWC's water supply requirements. The buckled portion of the existing pipe will need to be removed to accommodate the new pipe liner. Removal of the buckled pipe must be accomplished from inside the existing pipe. . The BPWC has requested an increase to their loan in the amount determined by their engineer. The requested amount will be finalized at the January 29 CWCB meeting. DISCUSSION This project development is considered a change in field condition and requires a change in the design plans and a "Change Order" to the original construction contract. The amount of the change order is currently being investigated by the project engineer, however is estimated to be between $150,000-$300,000. The current project is on the budget, therefore extra funds are necessary in order to complete the additional work. The extra funds are for revisions to the feasibility study, design, construction, construction engineering, and a contingency for furtheI unanticipated changes in field conditions. Section 1.(2) of SB 94-029 allows that loans made by the Colorado Water Conservation Board may be increased or decIeased as may be justified by "reason of changes in the plans for a project if those changes are required by final engineering drawings and specifications", Final engineering of this project requires work that increases the total cost of the project and therefore justifies the BPWC's loan increase request. . All loan contract provisions would remain the same, including collateral, the 75% total project cost limitation, and the project schedule. The value of the existing collateral (the Brush Hollow Reservoir, dam and appurtenances, and land) is sufficient to cover the additional loan amount. ~ STAFF RECOMMENDATION '1/ ~.} ,ffrecommends that: ~) }?' J 'll~ I. The Board approve a loan increase to the Beaver Park Water c"IP A '(." Company's original 1994 loan, with no change in the project scope, in vi' rl'.dI the amount of $ TBD for a total loan amount of $ TBD. /. pY' / \ :1' 2, The loan increase shall be contingent upon staff acceptance of a / W. jJ' l( revised feasibility study. '.t oJY l / 3, The loan increase shall be further contingent upon all standard ,I: ~:~. ;=t;P~;;'~~CWCB .