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PROJ00080
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PROJ00080
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Last modified
5/9/2011 10:59:42 AM
Creation date
10/5/2006 11:34:34 PM
Metadata
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Template:
Loan Projects
Contract/PO #
C153347
Contractor Name
Starkville, Town of
Contract Type
Loan
Water District
19
County
Las Animas
Bill Number
SB 78-69
Loan Projects - Doc Type
Feasibility Study
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<br />, <br /> <br />preliminary reports starting in 1976 have indicated <br />that the Town of Starkville cannot finance a large <br />I '., <br /> <br />,program for capita~ imprqveroents. It is apparent that <br /> <br />the town's size and median income cannot substantiate a <br /> <br />bonded indebtedness to finance the much needed sewer and <br /> <br />water systems which were covered in previous applications <br /> <br />for funding. At a meeting in Farmer's Home Administration <br /> <br />offices in Denver on August 25, 1980, it was the concensus <br /> <br />of opinion that Starkville should attempt to finance the <br />water distribution system first, due to unavailability of <br /> <br />grant funds to construct both the water and sewer system. <br /> <br />The Colorado Water Conservation Board has committed <br /> <br />a $200,000 loan to Starkville at 2% interest. This would <br /> <br />require a matching grant from Farmer's Home Administration <br /> <br />to get the water project under way. Unfortunately, in- <br /> <br />flation has taken its toll, and certain economics would <br /> <br />have to be excercised to hold the project to $400,000. <br /> <br />The cost of providing water to Starkville at a point <br /> <br />south of the Holiday Inn has increased considerably, ac- <br /> <br />cording to the estimate and tap fee proposed by the City <br /> <br />of Trinidad. The only solution to cutting back on the <br /> <br />project would be to obtain additional funding. It is <br /> <br /> <br />considered essential that the project go ahead at the <br /> <br />earliest possible date. <br /> <br />16 <br />
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