FINANCIAL_SERVICESAPPROVED

Colorado Water Resources and Power Development Authority Agenda Packet March 2025

Evergreen Metro District Gets $3M Loan for Plant Upgrades

Not to exceed $3,000,000 direct loan (option for $4,400,000 leveraged loan)Colorado Water Resources & Power Development AuthorityEVERGREEN METROPOLITAN DISTRICTMarch 7, 2025

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Description

The Authority approved a Drinking Water Revolving Fund direct loan up to $3 million for the Evergreen Metropolitan District to support crucial upgrades to its water treatment plant, to be repaid over 30 years.

Contract Details

Contract Amount

Not to exceed $3,000,000 direct loan (option for $4,400,000 leveraged loan)

Vendor

EVERGREEN METROPOLITAN DISTRICT

Agency

Colorado Water Resources & Power Development Authority, CO

Contract Type

FINANCIAL_SERVICES

Document Date

March 7, 2025

Contract Term

Up to 30 years

Renewal Date

2055-03-07

Renewal Info

Loan may be adjusted or rescinded due to federal funding policy or updates; subject to 110% coverage and operational reserve covenants; re-evaluation possible if BIL funding availability changes.

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Issuing Agency

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State

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