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<br />City of Idaho Springs <br />Feasibility Study <br /> <br />4 <br /> <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 />I <br /> <br />Collateral <br /> <br />See page 8 of Appendix A, and Appendix B (Memo dated May 6, 1996 CWCB loan <br />approval). <br /> <br /> ..:..:.. . ..:. <br /> ... <br />YEAR PAYMENT PRINCIPAL INTEREST LOAN <br /> DUE.. BALANCE <br />1 $6175 $0 $6175 $130,000 <br />2 $6175 $0 $6175 $130,000 <br />3 $136,175 $130,000 $6175 $0 <br /> <br />Table Showing Loan Payback Cash Flow <br /> <br />Institutional Considerations <br /> <br />The City of Idaho Springs has applied to the CWCB to borrow $130,000 from the <br />Emergency Infrastructure Repair Account. This loan is contingent upon CWCB approval, <br />and the successful negotiation of a contract between the CWCB and the City. <br /> <br />The City will need to pass an ordinance for a water rate increase sufficient to repay the <br />loan, and allow parity with existing and future debt. See Appendix L ICity Ordinances and <br />Resolutions.) <br /> <br />Opinion of Feasibility <br /> <br />The selected alternatives are technically and financially feasible. There are no significant <br />roadblocks which would keep the City from successfully completing these projects. <br />