FINANCIAL_SERVICESAPPROVED

Colorado Water Resources and Power Development Authority Agenda Packet March 2025

Evergreen Metro District Approved for $4.4M Loan Option

$4,400,000 leveraged loan (alternate to the $3M direct loan)Colorado Water Resources & Power Development AuthorityEVERGREEN METROPOLITAN DISTRICTMarch 7, 2025

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Description

The Authority authorized an alternate $4.4 million leveraged loan to the Evergreen Metropolitan District for upgrades to the water treatment plant, to be finalized based on district reserve contributions and need.

Contract Details

Contract Amount

$4,400,000 leveraged loan (alternate to the $3M direct 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

Direct or leveraged loan: Board approval for both, selection at execution. Rate, term, and amount finalized at closing. Subject to SRF fund/federal funding adjustments.

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State

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