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<br />d-f~= <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />A-GlIh <br /> <br />Mn.... <br /> <br />q-?A <br /> <br />I.D.I,'-",,___.Q.E:--------L.y O.N S <br /> <br />P.03 <br /> <br />x <br /> <br /><..,..1 f:t..~ TO THE "0. <br />D(:~ 'l'<< l'~ <br />~U~' ~~~ <br />The Town of Lyons <br /> <br />PO BOX 49 . LYONS. COLORADO 80540 . PHONE: 823.6622. IMETR01443-3956 <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />721 State Centennial Building <br />1313 Sherman St. <br />Denver, Co. 80203 <br /> <br />Jan 05, 1996 <br /> <br />Re: <br /> <br />Rehabilitation of Intake Structure <br /> <br />To the CWCB Board Members: <br /> <br />This letter has been prepared as an addendum to the Feasibility <br />Study prepared by the Town of Lyons consulting engineers, RBD, Inc. <br />of Ft. Collins, Colorado. <br /> <br />A parity lien test has been completed.ccording to the requirements <br />of the Town's 1991 Joint Revenue Bond Ordinance. This test <br />indicates that the Town meets the requirements necessary to issue <br />additional parity liens based on the net revenues of the system. <br /> <br />Collateral: The Town has the following collateral it can offer for <br />the loan, in this order of preference: <br /> <br />a. A collateral interest in water revenues. (The Town has a <br />Water Enterpri.e, and no vote of the people is required to use <br />it as collateral.) <br /> <br />b. The project itself. <br />and would require a <br />collateral.) <br /> <br />(The project will be owned by the Town, <br />vote of the people to use it as <br /> <br />c. Colorado - Big Thompson water rights shares of value equal <br />to the loan amount. The Town has 523 shares, that are worth <br />about $1,700 each. (These shares are owned by the Town, and <br />would require a vote of the people to use them as collateral.) <br /> <br />d. The Town's Water Treatment Plant, and the land on which it <br />is located. This is worth about' $650,000. (The Plant is owned <br />by the Town and would require a vote of the people to use it <br />as collateral.) <br /> <br />The most probable date for a vote of the people would be <br />November 1996, the timing of which would have a serious <br />adverse affect on the construction schedule. <br /> <br />Sincer~lY, ~ <br /> <br /> <br />J~::eger, Town Accountant <br />