colorado-water-conservation-board-report-november-20-21-2024_6da.pdf
CWCB Approves $305K Loan for Polly Deane Reservoir Rehab
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Description
The Colorado Water Conservation Board approved a loan not to exceed $305,020 to Bergen Ditch and Reservoir Company for the rehabilitation of Polly Deane Reservoir. The loan term is 20 years at 2.60% interest, supporting critical dam safety improvements. Disbursement is conditional on full project funding.
Contract Details
Contract Amount
Not to exceed $305,020 ($302,000 for project costs and $3,020 for the 1% service fee)
Vendor
BERGEN DITCH & RESERVOIR COMPANY
Agency
Department of Natural Resources, CO
Contract Type
FINANCIAL_SERVICES
Document Date
November 20, 2024
Contract Term
20 years at 2.60% interest per annum
Renewal Date
2045-12-31
Renewal Info
No automatic renewal; loan term is 20 years from disbursement. No mention of amendment or extension options for this loan.
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