Municipal Subdistrict Board Agenda 2026-04-09
Loan for Chimney Hollow Project Amended to $154.5 Million by CWCB
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Description
The Municipal Subdistrict increased its subordinated loan from the Colorado Water Conservation Board to $154.5 million in 2025 to support Chimney Hollow Reservoir construction. Multiple project participants pooled into the funding arrangement.
Contract Details
Contract Amount
Up to $154,500,000 (amended in 2025 from $90 million)
Vendor
COLORADO WATER CONSERVATION BOARD
Agency
Northern Water, CO
Contract Type
FINANCIAL_SERVICES
Document Date
April 9, 2026
Contract Term
Subordinated loan; amendments through 2025; ongoing
Renewal Date
2025-09-30
Renewal Info
Loan agreement amended in 2025 to increase commitment from $90 million to $154.5 million. Several project participants are pooled in this financing arrangement.
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