PROJ00445

• Contract/PO #: C150090
• Contractor Name: Parker Water and Sanitation District
• Contract Type: Loan
• Water District: 8
• County: Douglas
• Bill Number: HB 02-1152
• Loan Projects - Doc Type: Feasibility Study

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Institutional Considerations

Entities that are, or may be, involved in the design, construction, permitting and
financing of the project include:

Parker Water and Sanitation District (PWSD); financing and project management
GEl, Inc.; design and construction supervision
BasePoint Design Corporation; peer review of main dam design
John C. Halepaska and Associates; hydrology and modeling
URS Corporation; Environmental Impact Statement
States West Water Resources Corporation; permitting management
RG Consulting Engineers; diversion structure and transmission main design
Rocky Mountain Consultants; Pump Station Design
Colorado Water Conservation Board; financing
U.S. Army Corp of Engineers; permitting
State of Colorado Engineers Office; permitting
Douglas County; permitting
Colorado Department of Health; permitting

The PWSD will be the lead for the financing, design, and construction of the project and
will be the entity entering into contracts and agreements with the various entities for the
services provided by each.

Financial

The District anticipates financing 75% of the total Colorado Water Conservation Board
eligible project cost of $1 02,900,000. The district anticipates funding the remaining 25%
from sources including CWRPDA loans, stand alone-public financings of the district,
and/or revenues or cash reserves of the district. The loan will be payable from and
secured by an irrevocable and first lien (although not necessarily an exclusive first lien)
on the Net Revenue of the District, inclusive of the revenues of both the water and
sewer enterprises.

Water and sanitary sewer system revenues comprise the District's primary source of
revenue. The District's policy calls for a fee increase incorporated into each annual
budget consistent with inflation as reported by the CPI. During the years 1996 through
2000 the number of single family equivalents (sfe's) increased an average of 900 sfe's
per year. Growth and the annual fee increases generated an average 24% per year
increase in income.

The District has two FGIC insured bond issues and seven loans from the Colorado
Water Resources and Power Development Authority. The debt service coverage ratio
for these bonds and loans for 2001 is projected to be approximately 260%.

Parker Water & Sanitation District
Rueter-Hess Reservoir Feasibility Study
August 2001

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