PROJ00060

• Contract/PO #: C153721
• Contractor Name: Lyons, Town of
• Contract Type: Loan
• Water District: 5
• County: Boulder
• Bill Number: SB 96-153
• Loan Projects - Doc Type: Feasibility Study

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~ olorado Water Conservation Board
. Department of Natural Resources fI
721 Stale CeDtemrial Building ".. .. __--I / ~ fJ (J/
1313 Shennan Street , kf ~ h / /)flYl YYI.!lAJ..;,V'-V . - -
Denver, Colorado 80203 f<V-/VVV--:: ~. - _
PhoDe [phone] . . U ,; ^
FAX [phone] PVJt!.
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TO: Colorado Water Conservation Board Members

STATItJ)F COLORADO

o

Roy Romer
Governor

James S.ll'lr.h~~rt
Execmive DiIeaor, DNR

Danes C. Lile, P.E.
Director, CWCB

FROM: John Van Sciver

DATE: January 9, 1996

SUBJECT: Agenda Item 10d., January 24-25, 1996, Board Meeting-
The Town of Lyons
Final Approval of a Construction Fund Loan in amount of $280,500 to
rehabilitate the Town's Raw Water Intake Structure.

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BACKGROUND

The Town of Lyons (located in Boulder County), submitted an application for a loan to
rehabilitate the Town's raw water intake structure. They are requesting a loan in the amount
of $280.500 (75% of the estimated total project cost of $374,000).

The CWCB approved the loan November 7, 1995, but requested further information on the
coliaterai.

The updated Board memo from the November meeting is attached, as well as the November 22.
1995 letter sem iO th.e To' ' ill Stanton.
.

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DISCUSSION

(a) Collateral:

The Town's Amendment #1 ballot question was passed by its residents November 7, 1995. Tnis
will enable the Town to contract for a loan with the CWCB, and to offer the stream of water
enterprise revenues as collateral. (A copy of ballot Resolution No. 1995-9 is attached.)

.

The Town has additional collaterai which could be used to secure the loan. In summary. the
project, CBT shares, and the Town's water treatment plant are available. However, to comply