Colorado Water Conservation Board StaffReport Highland No. 2 North Dam Rehabilitation 2026-05-20
CWCB Staff Recommends $4.04M Loan for Dam Rehab
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Description
The Colorado Water Conservation Board staff recommends a 30‑year, $4.04 million loan to the Highland Ditch Company at 3.10% interest to fund the Highland No. 2 North Dam Rehabilitation project. Security will include pledged assessment revenues and the project assets in accordance with CWCB collateral policy.
Contract Details
Contract Amount
Not to exceed $4,040,000 ($4,000,000 for project costs and $40,000 for the 1% service fee)
Vendor
HIGHLAND DITCH COMPANY
Agency
Colorado Water Conservation Board, CO
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Contract Term
30 years at 3.10% interest per annum
Renewal Info
Single 30‑year term loan; no renewal terms described in the staff report.
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