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<br />. <br /> <br />-3 A N.- S - '9 Eo F R X 1"7: :2 10 TOW H O.E='.. <br /> <br />. <br />~,,,,~'{ TO THE lia <br />~~~.. ~~ <br />~()~ ~~ <br />The Town of Lyons <br /> <br />.L.V ON S <br /> <br />. <br /> <br />P.02 <br /> <br />x <br /> <br />RECEIVED <br />JAN 0 5 1996 <br /> <br />10(/, <br /> <br />Colorado Water <br />eonservation Board <br /> <br />P,O. BOX 49 . LYONS. COLORADO B0540 . PHONE: 823-6622. (METRO) 443-3956 <br /> <br />Colorado Water Conservat10n Board <br />Department 0% Natural Resources <br />721 State Centennial Building <br />1313 Sherman St. <br />Denver, Co. 80203 <br /> <br />Jan 05, 1996 <br /> <br />Re: Rehabilitation 0% Intake Structure <br /> <br />To the CWCB Board Members: <br /> <br />. <br /> <br />This letter has been prepared as an addendum to the Feas1bility <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 c~mpleted'~ccording to the requlrement1 <br />of the Town's 1991 Joint Revenue Bond Ordinance. This test 7t <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 Enterprise, and no vote of the people is required to use <br />it as collateral.) '. <br /> <br />b. The project itself, (The project will be owned by the Town, <br />and would require a vote of the people to use it as <br />collateral.) <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 />. <br /> <br />d. The Town's Water Treatment .Plant, and the land on which it <br />1s 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 ior 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 />~QL 7:::::x:...o,.,., <br />