Colorado Water Resources and Power Development Authority Agenda Packet March 2025
Paonia Receives $9.74M Water System Loan Package
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Description
The Authority approved a $9.74 million Drinking Water Revolving Fund loan package for the Town of Paonia to support improvements and repairs in its water system, with BIL and base components.
Contract Details
Contract Amount
$9,744,000 ($3,744,000 Base leveraged loan + $1,344,609 Base direct loan + $1,655,391 BIL General Supplemental loan + $3,000,000 BIL PF)
Vendor
TOWN OF PAONIA
Agency
Colorado Water Resources & Power Development Authority, CO
Contract Type
FINANCIAL_SERVICES
Document Date
March 7, 2025
Contract Term
20 years plus construction
Renewal Date
2045-03-07
Renewal Info
Loan execution is dependent on maintaining required user rates; principal forgiveness capped per BIL rules. Loan offer subject to BIL and SRF fund availability.
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