Utah Board of Water Resources Board Meeting Agenda Packet June 2024
Board Considers Funding for Peterson Pipeline Well Project
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Description
The Utah Board of Water Resources is considering authorizing up to $882,000 to the Peterson Pipeline Association for connecting a new well to their system, including installation of 1,200 feet of pipe and a wellhouse. The project will be financed at 0% interest for 25 years, with annual payments.
Contract Details
Contract Amount
$1,038,000 (Board portion up to $882,000)
Vendor
PETERSON PIPELINE ASSOCIATION
Agency
Utah Division of Water Resources, UT
Contract Type
CONSTRUCTION
Document Date
June 20, 2024
Contract Term
25 years, 0% interest, annual payments of approx. $35,300
Renewal Date
2049-06-20
Renewal Info
Initial purchase contract through Board financing; 25-year repayment period, no renewals specified.
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