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<br />',", - <br /> <br />. <br /> <br />. <br />STATE OF COLORADO <br /> <br />o <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br /> <br />721 Slate Centeooial Building <br />1313 Sbeanan Street <br />Venver, Colorado 80203 <br />Pbone (303) 866-3441 <br />FAJC (303)866~74 <br /> <br />Roy Romer <br />Governor <br /> <br />MEMORANDUM <br /> <br />James S. Lochhead <br />E~ecutivc Dircclor. DNR <br /> <br />i <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br />Bill Green and John Van Sciver :j3G-i y---VS <br />October 2 I, 1994 <br /> <br />Danes C. Lde. I'E <br />Director, CWCI' <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Agenda Item 28.c., November 3-4,1994 Board Meeting <br />Town of Norwood - Proposed Increase in Project Authorization <br /> <br />INTRODUCTION <br /> <br />The Town of Norwood, located in San Miguel County, has submitted an application for <br />supplemental fmancing for a new raw water reservoir. The Town is requesting a supplemental <br />authorization in the amount of $630,000 (100 percent of project cost) at 4.0 percent for forty <br />years. <br /> <br />BACKGROUND <br /> <br />In November 1991, the Town of Norwood completed a feasibility study, funded by the <br />Department of Local Affairs, for upgrading and expanding its municipal water supply system. <br />The feasibility study, prepared by WestWater Engineering of Palisade, proposed a $1.4 million <br />program of improvements to the Town's raw water, water treatment, and distribution facilities. <br /> <br />In addition to funding from the CWCB, the Town will receive Energy Mineral Impact Assistance <br />funds in the form of a $250,000 grant and a $50,000 loan. The energy impact monies will be <br />used primarily for improvements to the treatment and distribution systems. <br /> <br />At the November 1992 Board meeting, the Town made application for a $320,000 loan to finance <br />the cost of the raw water portion of the improvements program. The raw water project, as <br />proposed at that time, was a pipeline from the Gurley Reservoir (in which the Town owns shares) <br />to the Town's water treatment plant. The Board approved a 20-year loan for $320,000 at two <br />percent interest for the project. <br />