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- .' . . , b"ADFORD"U!lLl!1OllNO co., DENVER RECORD OF PROCEEDINGS Water-Sewer Hoard Meeting January 8, 1987 Page 2 Mr. Rybus noted that the Water I\oard anft City Council hilIJP. approvel1 over $R m; 11 i on worth of capital improvements for 1987. but in the; r burl get sess ions the City Counci 1 ; od; cated that they wanted to have a jo; nt meet i 09 \'lith the Water Board to discuss methods of financing. He said there is a need for additional funds to complete the proposed capital improvements. and the staff needs direction from the Water Board and City Council as to how they want to proceed. The Roard members requested that Mr. Sasaki set up a joint meeting with the City Council to discuss this issue fUrther, and also requested that the staff provide information on how the proposed bond issue will affect water and sewer fees. 6. PRESENTATION OF FEASIBILITY STUOIES FOR REHARILITATION OF MOUNTAIN RESERVOIRS Mr. Rybus said that the feasibility studies for Comanche, Peterson. and Twin lakes Dams have been completed, and that Bill Moler of Morrison-Knudsen Engineers was present to give reports. Mr. Moler gave reports on each of th€! three dams studied, which included MKE's evaluation of the structures, their ~ecommenrlations for rehabilitation, and construction cost estimates. It was recommended that Comanche and Peterson continue to be operated at reduced storage levels, and that no water be stored in Twin lakes. The total estimated construction cost for rehabllitation of the three structures is $3,305,023. Mr. Rybus noted that the staff is planning for the possibility of havi~g similar feasibility studies performed on Hourglass and Rarnes Meadow in th~ future. Mr. Rybus said that the Colorado Wat~r Conservation Roard has a construction fund which could be used to finance 50% of the construction cost of the rehahilitation projects for a 40-yea~ period at 5% interest. Applying for the loans would not place the City under any ohligation. After receipt of the loan approval, the City would have 10 years in which to proceed with construction of the projects. If nothing were done at the end of 10 years, the CWCB-funded portion of the feasibility studies would be treated as a grant and would not have to be repaid. If the City should proceed with anyone or all of the projects, the CWC8 portion of the feasibility study cost would be added to the 50% construction loan t~tal. It was the staff's recommendation that the City proceed with applying for these loans. Mr. Rybus said the work can be prioritized at a later time, but the initial action should be to attempt to get a commitment of the f4nds from the CWC~. A motion was made by Richard Boettch~r and seconded hy Oavid Clarkson to authorize the staff to prepare resolljtions for the City Council to request Colorado Water Conservation Board fu~ds for the rehabilitation of Comanche, Peterson, and Twin lakes Dams. The Illotion was carrierl unanimously. A motion was made by Richard Boettch~r and seconded by Oavid Clarkson to recommenrl to the City Council that they approve the resolutions submitterl. The motion was carried unanimously. 7. STATUS REPORT ON RESERVOIR 506B (GOLD HILL) John Gauthiere gave a slide presentation which showed the repair work in progress on the walls and roof of th~ reservoir. It has been discovered that there is a considerable amount of cO~rosion in the roof tenrlons and additional repair work will be necessary. The legal Department is exploring the possibility of taking action against the contractor who constructed the res ervoi r.