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<br />',- . <br /> <br />. <br /> <br />. <br /> <br />STATE OF ~OLORADO <br /> <br />DIVISION OF LOCAL GOVERNMENT <br /> <br />D~partment of-local Affairs <br /> <br /> <br />. <br /> <br />Harold A. Knott. Director <br /> <br />ewCR CREDIT REPORT <br /> <br />Roy Romer <br />Governor <br />Larry Kallenberger <br />Executive <br />Director <br /> <br />Applicant. <br /> <br />Morgan County Quality Water District <br /> <br />Project Location: The district encompasses approximately 450 unincorporated <br />square miles in Morgan and Washington Counties (less than 1\ of the district's <br />assessed valuation is located in Washington County), <br /> <br />Amount of Loan Requested: $4,260,000; cost of project: $5,679,000. <br /> <br />Project Description: Supply the district with water from the Northern Colorado <br />Water Conservancy District's southern pipeline project. <br /> <br />Reason/Need for Project. Replacement of marginal quality domestic water <br />supplies from the district's existing primary source, which the district does <br />not own, and has no permanent legal rights to. <br /> <br />TRENDS 1990 1991 1992 1993 1994 <br />population: 3600 3900 4000 4400 4600 <br />Number of EQR's: 1531 1626 1674 1883 1932 <br />Assessed Value ($1000s). 111818 108921 112975 114996 125558 <br />tl!ual Value ($1000s). 1983361 212643 <br />ian Household Inc.($): 221852 <br />I - State Average ($): 301403 <br />Housing Median Value ($). 510003 <br />HHV - State Average ($): 827003 <br />Mill Levy: 2.060 1. 760 1. 824 1. 824 1.824 <br />Overlapping Mill Levy. 95.036 <br />Mo. Water Rate ($) : 20 <br />Tap Fee Water (Resid.tl) ($): ,1500 1500 1500 1500 1500 <br />Operating Revenue: 478281 485326 499003 521771 <br />Operating Expenses. 385338 394154 437884 479926 <br />Net Income ($) : 92943 91172 61119 41845 <br />Total Debt ($lOOOs): 1375 1320 1260 1195 <br />Water Debt Srvc/Tap/Year($): 101 <br />Inc. New Debt Svc: 128 <br />Total Fund Reserves ($1000s): 841 1101 1145 1341 <br />,. County Assessors we(8 not requl(ed to file Infonnation on actual value prior to 1993, <br />2. Census data for Fort Morgan, Special dlstrlcl and county data not available. Application r8ferenced undocumented source for <br />estimate by Farmers Home Admlnlst(ation of $23,000 for Morgan County Quality Water llistrlcl, llifferenoe may be attributable to <br />age of census data. <br /> <br />3, 1990 Census data, <br /> <br />. <br /> <br />1313 Sherman Street, Room 521, Denver, Colorado 80203 (303)866-2156 fAX (303) 866.4819 <br />