FINANCIAL_SERVICESONGOING

Colorado Water Conservation Board Agenda Packet Dry Gulch Reservoir Land Acquisition Loan Restructure Concept 2026-05-20

PAWSD seeks restructuring of CWCB Running Iron Ranch loan

Colorado Water Conservation BoardPAGOSA AREA WATER AND SANITATION DISTRICTMay 20, 2026

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Description

Pagosa Area Water and Sanitation District proposes with San Juan Water Conservancy District to restructure its CWCB-financed Running Iron Ranch loan, using proceeds from a partial ranch sale to secure payments through 2036 and facilitate PAWSD’s release from future debt service. The framework builds on a 2015 CWCB loan modification that extended the repayment period and realigned project responsibilities.

Contract Details

Vendor

PAGOSA AREA WATER AND SANITATION DISTRICT

Agency

Colorado Water Conservation Board, CO

Contract Type

FINANCIAL_SERVICES

Document Date

May 20, 2026

Contract Term

Loan repayment period through 2036; next loan payment due October 2026

Renewal Date

2036-12-31

Renewal Info

Original CWCB loan for Running Iron Ranch (2008) was modified in 2015 to extend repayment and shift primary project development responsibility to SJWCD while PAWSD focused on conservation; in 2026 PAWSD anticipates requesting further CWCB approval to restructure obligations, secure payments via sale proceeds through 2036, and release PAWSD from ongoing debt service.

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