Town of Paonia Special Board Meeting Minutes April 2025
Town Approves $9.7M Water Infrastructure Loans from CWRPDA
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Description
The Town of Paonia Board approved Ordinance 25-03 to authorize three distinct loans from the Colorado Water Resources and Power Development Authority totaling up to $9,744,000 for a construction project. Loan agreements and government bonds will be executed to evidence the loans.
Contract Details
Contract Amount
Not to exceed $3,744,000 (Leveraged Loan), $3,000,000 (Direct Loan), $3,000,000 (BIL Principal Forgiveness (PF) Loan)
Vendor
COLORADO WATER RESOURCES AND POWER DEVELOPMENT AUTHORITY
Agency
Town of Paonia, CO
Contract Type
FINANCIAL_SERVICES
Document Date
April 24, 2025
Renewal Info
No renewal or extension discussed; these are specific financing agreements.
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